TERRAZAS DE PALMAR

Ref. ID: 310 - Estimated occupancy:

Cordón, Montevideo

Description

A few meters from Tres Cruces, an unbeatable opportunity protected under the Promoted Housing Law
Terrazas de Palmar: is a project under construction consisting of 1 and 2-bedroom apartments, whose start of work is scheduled for February 15, 2019. Completion is planned for August 2020.

Thanks to Law No. 18,795, which promotes private investment in Social Interest or Promoted Housing, the owner or tenant will obtain great benefits framed in this program. With the aim of facilitating access to construction projects by the middle and lower-middle class, Promoted Housing:

– Exonerates VAT on the purchase price
– Exempt from the Wealth Tax for a period of 10 years
– Exempts the ITP (Tax on Patrimonial Transmissions) on the value of Cadastre for initial buyers
– IRPF and IRAE: for rentals, this law also exempts the payment of IRF and IRAE for 10 years.

Terrazas del Palmar will consist of 60 total apartments, divided into: 30 apartments with 1 bedroom and another 30 with 2 bedrooms. The common areas will be fully equipped in the barbecue area and in addition, the user will have accessibility, elevator, doorman, security and surveillance and garage.

The construction and the finishes will be characterized by the quality of its elements, highlighting the reinforced concrete structure, rooms and party walls of ticholo, as well as projected plaster. The floors in the main rooms will be made of non-slip porcelain tile, ceramic coating on the walls and floating parquet in the rooms, among other features of great added value. They will also have provision for air conditioning in each of the rooms.

Last unit available, 2 Bedroom Penthouse USD 287,000

All apartments are sold with a garage space included in the price.
Occupancy expenses 3.5%

Features

  • Ref. ID: 310
  • Property type: Apartment
  • Property status: Brand new

Floors

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  • City Montevideo
  • Location Cordón

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