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Ruta 10 km 182

Apartment · Uruguay · $11,700,000

Punta del Este & Jose Ignacio are known for many as The Hamptons of South America...
A natural ecosystem that combines amenities, easiness and comfort. Beautiful beaches, enchanted woods, amazing dinning and a relaxed lifestyle. This is the only Horizontal Property condo-hotel, meaning that each condo has its own outdoors space. There is also a common roof deck with grills, a swimming pool, bike & strollers storage, maid service, security, kids club, lounge and business center, Cinema, Ping Pong tables, Sauna, health club and beach services (including lounge chairs and furniture). Concierge services include massage & spa services, car rentals, surf classes, horse riding, Kite surf, Kayaks, Futbol/Soccer, Paddle Surf, Fine dinning. Casagrande: where life is an adventure.

This is an amazing opportunity to own 48% stake of a Condo-Hotel consisting of 30 Condo-Apartments (from studios to 4 bedrooms), 3 commercial stores, and 30 parking units. (Total price is $11,700,000).
Each condo can also be sold individually price range is goes from $160,000 to $600,000. (Do not hesitate to send me your inquire about individual sales). Just 5% downpayment.

Each owner can use the condo without limits and can generate income while is not been used.
Expected return for condo owners is 6% in USD annually. The average resale price increase once the project is finished is between 15%-20%.

Please be advised, in Uruguay commission are paid by the seller and buyer, 3% each.
All the information is on the Sponsor's Offering Plan and Manuals. Expected Occupancy Summer 2017.





WebID: 152096 - Listing Courtesy of Maria Belen Avellaneda

  • 45BR
  • 45BA
  • 20000SQFT

Local Experts

Maria  Belen Avellaneda
Maria Belen Avellaneda Licensed Associate Real Estate Broker (646) 880-0232
 

Property Details