Nostrum Bay
La Paz 1020 esq. J. Herrera y Obes, Centro, Montevideo, Uruguay
Completed · Vivienda Promovida · 1 unit available
Key figures
- From
- USD 285,538 (Lowest-priced of 1 available units with a published price)
- Available today
- 1 (of 196)
- Sizes
- 129.8 m² (available units)
The project
A retail unit on the ground floor of Nostrum Bay, the Altius Group tower at La Paz 1020, on the corner of Julio Herrera y Obes, in Montevideo's Centro district.
A retail unit on the ground floor of Nostrum Bay, the Altius Group tower at La Paz 1020, on the corner of Julio Herrera y Obes, in Montevideo's Centro district. The building, part of the Nostrum line, rises 25 floors facing the bay and has more than 190 apartments. The port and the Ciudad Vieja are a few blocks away.
The unit has a wide glass frontage with good visibility from the street, plus a restroom, a kitchenette and a mezzanine. The tower was designed by Carlos Ott's studio in association with Carlos Ponce de León and has parking and bike racks.
Nostrum Bay was built under the Promoted Housing regime (ANV project no. 567); Uruguay's Law 18,795 grants tax exemptions to the building's homes. For a business, the unit serves the tower's residents and the passing trade of the area.
- Units
- 196
- Layouts
- 1
Location
La Paz 1020 esq. J. Herrera y Obes, Centro, Montevideo, Uruguay
Coordinates: -34.9000877, -56.1951562
Vivienda Promovida
No transfer tax on the first purchase
The first sale of a home under the regime is exempt from the property transfer tax (ITP) for the buyer, provided it happens within the deadlines set by the law.
Rental income exempt from income tax
Income from renting the home is exempt from personal income tax (IRPF, or corporate IRAE depending on the taxpayer) for ten years.
Net wealth tax exemption
The property is exempt from the net wealth tax for the term set by the regime.
The benefits come from Uruguay’s Law 18,795 and its regulations, and conditions apply: they depend on the project, on how long ago construction was completed and on each buyer’s situation. Confirm them with your notary before signing.
Available units
1 units listed · 1 available
| Unit | Floor | Layout | Area | Price | Status |
|---|---|---|---|---|---|
| 002 | GF | Retail unit | 129.8 m² | USD 285,538 | Available |
FAQ
Where is Nostrum Bay located?
Nostrum Bay is located at La Paz 1020 esq. J. Herrera y Obes, Centro, Montevideo, Uruguay.
Does Nostrum Bay qualify for Vivienda Promovida tax benefits?
Yes. Nostrum Bay is under Uruguay's Vivienda Promovida regime (Law 18,795): the first purchase is exempt from the property transfer tax (ITP) and rental income is exempt from personal income tax (IRPF). The regime's conditions apply.
What is the starting price at Nostrum Bay?
Units at Nostrum Bay start at USD 285,538, across 1 available units with a published price. Prices may change without notice.
Photos
Similar developments to consider
- Nostrum Central — Another option in Centro
- MET City — Another option in Centro
- Nostrum Uruguay — Another option in Centro
Prices, areas and availability are indicative and subject to change without notice. Images and floor plans are illustrative and may differ from the finished building. This information is not an offer, a sale commitment, or financial or tax advice.