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Hostel and more in Montevideo Old Town

$ 600,000
Piedras 597, ,
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Beautiful colonial building in the Old Town of Montevideo, right in the city centre and close to the main tourist attractions and the financial centre.

Plot area: 310 m²
Built area: approx. 750 m²
Frontage: 15 m

Ground floor includes two commercial units, currently rented out to an artistic group for rehearsals and theatrical performances. Each unit has 6m street-facing, 5m high ceilings, with a connecting passage at the back, making it possible to use them as a single premise or two separate ones.

The 1st floor houses a boutique hostel (“Montevideo Chic Hostel”) with 14 rooms, 5 facing the street with a balcony; the others facing a covered interior patio with an open kitchen and living area. Men’s and women’s bathrooms. 5m high ceilings.

The 2nd floor has an independent apartment (access through the hostel) of 40m² with a private bathroom and kitchen. On this upper floor there is also a barbecue area, a laundry, and a large roof terrace with views of the port.

The property is sold with the hostel as a business (that is, current commercial permits, web domain montevideohostel.com, and hundreds of positive reviews on the booking portals). It is also possible to change the purpose of the building, for example: offices, a health center, etc.

Address: Piedras 597
Country:
State/Province:
Zip: 11000
Country: Uruguay
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Property Id : 44871
Price: $ 600,000
Property Building Size: 750.00 m2
Property Land Size: 310.00 m2
Rooms: 15
Bedrooms: 15
Bathrooms: 3
Year Built: 1890
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My details

Enrico Buonanno

Private investor
enrico.buonanno

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