Sale 1 bedroom flat in Cordon with garage ideal for renting

Engel & Völkers presents this modern 1 bedroom flat located in one of the fastest growing and most valued neighbourhoods in Montevideo. The Brisas Rodó project offers an excellent opportunity for investors, or for those looking for location and accessibility to all services. Unit 404, has a total of 49 m2, being 45 m2 internal and 4 m2 of terrace. This unit stands out for its functional design and its front facing orientation, which guarantees tranquillity and privacy. The flat has a north facing bedroom, a complete bathroom with screen included, and an integrated kitchen equipped with oven, hood and stove. The social area has double glazed monoblock windows and access to the covered terrace. It also has a heater and washing machine cabinet and provision for air conditioning in all rooms. The unit comes with garage included, garage unit n° 03. Common expenses $ 3.650. Estimated monthly rent $ 29.000 with garage or $ 26.000 without garage. The Brisas Rodó project consists of 29 units distributed in two blocks of six floors, connected by a closed walkway that gives access to a large central garden, 15 underground parking spaces and a ground floor with parking space for bicycles. In addition, the building has a barbecue for shared use on level 7 of the building, with a terrace facing José Enrique Rodó and balconies overlooking interior courtyards. The building is constructed under the framework of this Promoted Housing Law (Law no. 18.795), which allows buyers to exempt certain taxes on the purchase and also when renting the unit, which will maximise the return on investment if the destination is commercial. And in the case that the destination is housing, they will also benefit. Exemptions (residential use): - Transfer Tax. Equivalent to 2% of the land registry value. Payable together with the purchase and sale of the property. Exemptions (for investment purposes): - Exemption from Wealth Tax for 10 years. Equivalent to between 0.7% and 2.75%, payable annually (if the buyer exceeds the Non Taxable Minimum). - Rental Income Tax Exemption for 10 years (IRPF/IRAE or IRNR). Brisas Rodó is a proposal that combines simplicity, quality and modernity, in the same project, located in the fastest growing valuation neighbourhood of Montevideo. Therefore, if you are looking for a profitable and safe investment, this flat is the best option. Descriptive memory: - Large monoblock openings. - Fire detection system. - High traffic vinyl floors with resistance to liquids. - Kitchens with under-counter and overhead units made to measure in melamine. - The units are delivered with gas stove, electric oven and stainless steel hood. - Installation foreseen for air conditioning, washing machine and bottle. - Placard for heater and washing machine. - Installation for Cable TV and Wi-Fi in living room and bedrooms. - Placard in the bathroom under the sink. - Mirror in the bathroom. - High-performance taps and accessories. - Wardrobes in bedrooms.