Nostrum Bay
La Paz 1020 esq. J. Herrera y Obes, Centro, Montevideo, Uruguay
From
USD 285,538
Lowest-priced of 1 available units with a published price
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of 196
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1 unit available
| Ground floor | Retail unit | USD 285,538 |
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196 units.2 amenities.
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.
The project is registered as Promoted Housing with Uruguay's National Housing Agency (project no. 567), a regime under Law 18,795 that provides for tax exemptions; the terms depend on each case and on current regulations. For a business, the unit serves the tower's residents and the passing trade of the area.
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Layouts
Amenities
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Vivienda Promovida
Law 18.795
I
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.
II
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.
III
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.
Complete Promoted Housing guide →04
FAQs
Nostrum Bay is located at La Paz 1020 esq. J. Herrera y Obes, Centro, Montevideo, Uruguay.
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Nostrum BayLa Paz 1020 esq. J. Herrera y Obes, Centro, Montevideo, Uruguay
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