Description

Luxury condominium-hotel development located in the heart of Palermo Hollywood designed with the most thoughtful approach to detail. The project was planned to provide the owner maximum flexibility. The units can be used to live in full-time, as a vacation rental, or used for both personal and income use!

Nestled in the heart of Palermo Hollywood the building is located just minutes to Buenos Aires' major attractions. World-class shopping, restaurants, nightlife, museums, and parks are all within walking distance. The Campo Argentino de Polo is only a few blocks away, which is home to the Argentinian Open Polo Tournament the fifth oldest tournament in the world! Avenida Santa Fe is just one short block away providing access to the Palermo Station of Buenos Aires' world renowned subway system "the subte" as well as easy access to other forms of transportation.

Buenos Aires is a bustling city with a year-round international draw. This project allows owners the option to take advantage of an easy income option by offering the ability to place their unit(s) in the rental pool and receive monthly revenue. The project was structured to provide maximum investment return and income potential. Based on 30% occupancy, owners would receive a net return of approximately 10% annually. With an occupancy rate of 70% returns should exceed 25%. These returns are net of management fees, property taxes, utilities, and condominium association dues. The building is currently 1/2 sold with available units ranging in price from $135,000-$149,500

The American developer contracted one of Argentina's leading architectural firms to design the project. The developers have already sold out a similar project this past year, so careful thought was again placed to insure maximum investment return while maintaining the project's luxury and style. Both the developers and sales team are from the United States and specialize in selling to foreign buyers. We will provide you with complete guidance with respect to the process, obtain the necessary TAX ID number (CDI) for you, and handle all stamp tax payments. We take the bureaucracy out of the process. Argentine developers usually require cash for payment, we however accept payment via check or wire transfer to our US corporate accounts.

Interior Details:

Floor to ceiling windows
Sliding glass door for access to balcony
Fully equipped kitchens with stainless steel appliances
Granite counter tops
Spacious bathrooms with custom vanity, separate shower, jetted tub, and bidet
Custom wall unit and cabinetry
Optional dishwasher, washer/dryer clothes
Modern design
External storage unit
Pre-wired for cable, internet, and phone
Heating and air conditioning system included

Building Amenities:

24 hour security
Solarium
Pool
Garden terrace
Terrace with grill area and seating
Gym
Laundry room
WIFI
Common area bathrooms

**Please inquire for more detailed information on project.