Apartment Hotel or Bed & Breakfast for Sale in Santiago, Chile

Historic Multi-Unit Landmark Renovation

This historic residence was built in 1922, renovated in 1995 and then declared a National Monument in 2000. Located in Santiago’s historic Yungay neighborhood, it is one of the first pioneering developments that provided the impetus to help preserve and recover much of Santiago’s historic neighborhoods west of downtown.

Extreme effort was made to not only restore the façade, but also in maintaining the architectural integrity of the interior of the original residence as much as possible.

The seven “Soft Lofts” were designed to be self-contained Studios and 1 Bedroom Convertibles with old world charm and modern day conveniences, security and a sense of community. All have high quality custom-built furniture throughout. Most units have queen size Murphy Beds, floor to ceiling built-in closets, storage, desks and shelving. Kitchens are well equipped with stove tops, ovens and vents. Most have full size refrigerators.

Conveniences include Internet and CableTV connections, along with an Intercom system that connects the front door to each apartment and the inner courtyard. Laundry Facilities under the stairwell are equipped with an industrial quality Maytag washer, two dryers and additional storage.

Since its renovation, this property has been commanding premium income levels under the structure of year-long rental agreements.

Subsequent developments in this property’s neighborhood and surrounds have recently merited transitioning it into being run as an Apartment Hotel upon having obtained certification from Chile’s tourism board.

Hundreds of residential and commercial developments have since been undertaken, including numerous Theaters, Boutiques, Coffee Shops, Restaurants, Bars & Clubs. Many other architectural gems are only blocks away, including the Quinta Normal Park & Plaza Yungay, museums, the new national library and several universities.

Infrastructure developments now bring public transportation, the airport, bus and train terminals and highways within minutes. As a result, access to Wine growing Regions, Historical Valparaíso, Viña del Mar and other beach resorts, skiing, trekking and other areas of interest has also been greatly enhanced.

The owner of this property needed to leave Chile upon short notice due to family health issues and can not dedicate sufficient time at-a-distance that it deserves to reach its potential as an Apartment Hotel or Bed & Breakfast. Both the transfer of the business license and the current, trusted administrative management of this property are also conversable.

Few locations have the quaint charm of this property and limited quality accommodations in its neighborhood create a unique opportunity.

For further details on this property, please visit the website below for a downloadable file with a comprehensive background that includes its history, floor plans, transportation accessibility, proximity to and descriptions of key areas of interest. Information on Chile’s attractiveness for foreign investment, residency and parameters for mortgages from Chilean banks are also available upon request.