SOLD
This spectacular house is one of very few large houses on Cerro Concepcion that has not already been purchased for renovation or investment purposes. It is in the very heart of the UNESCO World Heritage Site, literally surrounded by the city's finest hotels, hostels, restaurants, galleries and boutiques.
The huge property of 450m2 (4,800 ft2) is perfectly situated and suitable for conversion into a boutique hotel, apart-hotel, hostel, apartments or simply an incredible home in this most unique and amazing cities.
The interior of the house needs extensive renovation work. This is true of almost all properties in the area.
However, the structure of the house is in excellent condition-this is not true of many houses in the area- and the layout of property naturally lends itself to an easy conversion into the dream of the new owner.
The house is three stories high at the front and two at the back. There are spectacular views of the Pacific Ocean and the Andes from the top floor. There is a parking garage at the back, an extremely rare and valuable asset in Valparaiso.
This property is an incredible investment in the booming real estate market in Valparaiso, Chile, one of the world's most visually stunning and incredible cities. Simply renovating the property into apartments and renting them out long term would generate over 6% return on investment. Short term furnished apartment letting could generate more-there are very few quality apartments for rent in Valparaiso.
Above and below are diagrams of how the property could be renovated into apartments. These plans have been approved by the Consejo de Monumentos Nacionales and can be sold along with the property. This project would be for 3 large, luxury and extremely high quality apartments which maintain the integrity of the building, its layout and antique charm, something not yet seen in Valparaiso. There would be a commercial locale on the ground floor. Due to the location and characteristics of the property, demand for these units for sale or lease would be extremely high.
SOLD
Please contact:
I am personally experienced in the process of renovating old properties in Valparaiso and would be happy to recommend architects, builders, electricians and plumbers.
I also work as a consultant with foreign investors and I am more than happy to explain the process of purchasing property in Chile. I can assist with sending funds into the country legally and for free. I can suggest local lawyers but I would also recommend that you find your own lawyer to avoid any potential conflicts of interest.
I am personally experienced in the process of renovating old properties in Valparaiso and would be happy to recommend architects, builders, electricians and plumbers.
