Office for Sale in 25 De Mayo 587, Montevideo, Uruguay

Located in the historic, and newly fashionable Ciudad Vieja cultural and port center of Montevideo, on a street having the Chile and Mexico embassies, several national and international banks, and facing the Anthropology Museum, this completely renovated second floor property in a modern building is for sale. Served by municipal bus transport, it is around the corner from the Iglesia Matriz, the 200 year old cathedral of Montevideo, and the colorful and lively Plaza de la Constitucion (Plaza Matriz) which hosts trendy shops, art galleries, first rate restaurants, and banks. Five blocks from the property is the prominent Plaza Independencia with its top-rated Radisson Montevideo Victoria Plaza Hotel hosting international events, and Teatro Solis, the premier theatre, dance and music stage of Uruguay. The property has a new kitchen and bathroom, as well as wood parquet flooring.

You can customize the interior to accommodate your requirements as there has been no tenant since the renovation. The space is brand new. There is an underground parking lot across the street. The tax per year is USD 812.00 and the condo fee per month is USD 50.00. The price is USD 39,000 cash at settlement. Photos are provided below.

Here is some more information about the Ciudad Vieja section of Montevideo:

International Property Bargains: Great real estate buys in Uruguay

Today's Financial News - Posted November 15, 2007

by Lee Harrison,

Baltimore — (TFN): I looked around the magnificently-restored Teatro Solís from our box seats in this theater from a bygone era, marveling at the craftsmanship and care that had been taken during its recent restoration. As the lights dimmed and a hush fell over the well-dressed crowd, world-famous conductor Zubin Mehta entered the stage and prepared to conduct the Israel Philharmonic Orchestra in its kick-off performance of their Latin American concert tour. To me, this theater is symbolic of the “new” old-town Montevideo, Ciudad Vieja—Montevideo’s original historic center.
Restaurants offer a wide range of fare and ambiance. The old-world fine dining establishments will hold up against those you’ll find anywhere in the world, while the sidewalk cafés, bistros and the original waterfront market present a local flavor that will be hard to find anywhere else.

And things in Ciudad Vieja are moving along according to “plan.” As soon as the new section of the pedestrian walkway known as Peatonal Sarandí was completed, the upscale shops and boutiques moved in and property prices began to rise. Tourists are now strolling along its length seven days a week, and some properties that I’ve followed here have doubled in value during the past two years… to the delight of the early property buyers.

Along Plaza Zabala (Montevideo’s original town square) prices have also jumped as foreign buyers move in. Local realtors who shunned this area two years ago are now setting up shop and doing business in Ciudad Vieja, bring mainstream attention with them.

Plenty of areas are still awaiting renovation, some of which seem to be squarely on the path of the restoration trend. A new pedestrian walkway is in the works, and a fair number of savvy readers are investigating and buying along its route through Ciudad Vieja.