Nostrum Garden

Key figures

From

USD 97,479 (Lowest-priced of 47 available units with a published price)

Available today

47

Sizes

47.2 – 135.2 m² (available units)

The project

Nostrum Garden is an Altius Group development in Montevideo's Prado neighborhood, on Cuaró between Sitio Grande and Buricayupí, on the site of the former Ford factory.

Nostrum Garden is an Altius Group development in Montevideo's Prado neighborhood, on Cuaró between Sitio Grande and Buricayupí, on the site of the former Ford factory. It is part of the Nostrum line.

It was designed by Gómez Platero Arquitectos. A section of the original industrial building is kept and adapted to new uses, and the factory's water tank is built into the architecture. The condominium complex has two seven-story towers on a three-level base, plus underground parking. It offers studios and one- and two-bedroom apartments; the program also includes three-bedroom units and duplexes. Planned finishes include inverter air conditioning, black aluminum frames with double glazing and vinyl flooring.

Amenities include a barbecue area, coworking space, vegetable garden and yoga deck, along with parking spaces, storage units and bike racks. Agraciada Avenue, Artigas Boulevard and Parque Prado are a short distance away. Nostrum Garden was approved by the National Housing Agency (project no. 1524) as Promoted Housing under Uruguay's Law 18,795, which provides tax exemptions.

Units

51

Layouts

3

Layouts

Amenities

UP HIGH

• Yoga deck

SPORTS

• Bicicleteros

GATHERING

• Barbecue area
• Huerta

SERVICES

• Cowork
• Cocheras
• Bauleras

Location

Cuaró entre Sitio Grande y Buricayupí, Prado, Montevideo, Uruguay

Coordinates: -34.8740479, -56.1995076

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.

Complete Promoted Housing guide

Available units

51 units listed · 47 available · 4 reserved

FAQ

Where is Nostrum Garden located?

Nostrum Garden is located at Cuaró entre Sitio Grande y Buricayupí, Prado, Montevideo, Uruguay.

Does Nostrum Garden qualify for Vivienda Promovida tax benefits?

Yes. Nostrum Garden 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 Garden?

Units at Nostrum Garden start at USD 97,479, across 47 available units with a published price. Prices may change without notice.

What layouts are available at Nostrum Garden?

Nostrum Garden lists Studio (3 units, from USD 97,479), 1 bedroom (7 units, from USD 132,357) and 2 bedrooms (37 units, from USD 151,903).

What amenities does Nostrum Garden have?

Nostrum Garden lists the following services and amenities: barbecue area, cowork, huerta, yoga deck, cocheras, bauleras and bicicleteros.

Photos

Similar developments to consider

• Nostrum Caminos del Prado — Another option in Prado
• Nostrum Plaza III — Comparable starting budget in Montevideo
• Nostrum Uruguay — Comparable starting budget in Montevideo

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