Oblivion Building, No Occupancy Fees - Studio Apartment · 30 m²

Babel Desarrollo y Promoción presents its latest project, located in the Cordón neighborhood: the Oblivion Building. Oblivion is the solution for those looking to live in a dynamic, highly connected area with a low cost of living. It is located at 1517 Colonia Street at the corner of Vázquez, in the Cordón neighborhood, very close to downtown Montevideo, City Hall, the Schools of Law and Social Sciences, the University of the Republic, the Ministry of Livestock, and many other prominent institutions. It is a highly connected area via public transportation along Colonia Street or 18 de Julio Street. No occupancy fees are charged!! Studio, 1-bedroom, and 2-bedroom apartments. Inquire about apartments on higher floors. Amenities and features: • Laundry facilities. • Bike parking. • BBQ area. • Sun deck. • Optional garages. Completion: August 2027. The project is covered by the housing law (Law 18,795), so it will include: • VAT exemption • Exemption from ITP (2% of the assessed value) • Exemption from IRAE/IRPF on rental income for 10 years, in accordance with regulations in effect as of September 1, 2019 • Exemption from the Wealth Tax for 10 years Be sure to consult with our advisors!! Ideal for investors due to its location!!