Real estate project approved and construction underway; units for sale in downtown Bariloche

About this home

Belvedere Building Project – 2,736 m² of net sellable area in downtown Bariloche, at Salta 307, 150 meters from the Civic Center  Approved project, opportunity for investors and developers: Premium residential/hotel real estate development with a total of 3,880 m² to be built (2,736 m² of net sellable area), located in the most established part of downtown San Carlos de Bariloche with direct views of Lake Nahuel Huapi. The project is being marketed with regulatory risk eliminated (plans 100% approved by the Municipality, a 700 m² lot titled and free of encumbrances, and confirmed utility connections for water, gas, and electricity) and construction has already begun, with approximately 8% progress (earthwork, excavation, and start of foundation work). • Unique Location: Situated at 300 Salta Street, just 150 meters from the Civic Center and steps away from the intersection of Bustillo Avenue and San Martín Street and the waterfront promenade—a neighborhood where land available for new developments is practically nonexistent. • Orientation and Views: True north orientation, ensuring constant natural light throughout the day and direct panoramic views of Lake Nahuel Huapi and the mountain range. • Layout and Structure: The project is distributed across 2 basement levels, a ground floor, and 4 upper floors: o 50 Apartments: Studio units and duplexes (Type A at 45.5 m² and Type B at 53 m² total) designed for high-yield vacation rentals or residential sale. o 50 Parking Spaces: Distributed across the two basement levels via a vehicle ramp (25 premium spaces in Basement Level 1 and 25 standard spaces in Basement Level 2). o 3 Commercial Units: With direct, independent street-frontage on Salta Street. • Amenities and Common Areas: High-end entrance lobby, coworking space & café-restaurant on the ground floor, and a multipurpose room / outdoor grill area. • Operational Flexibility and Metrics: Suitable for traditional residential unit sales, condo-hotel, boutique hotel, or short-term vacation rental pool (projected annual yield of 10–14% in USD). Projected return under the base-case scenario with an IRR of 28.7% annually in USD and a revenue margin of 22.2%. Legal Notice: The amounts for maintenance fees, taxes, and utilities, as well as the photos, measurements, and information regarding the architecture and operation of this property, are all approximate. They may not be up to date at the time of viewing, as they were provided by the owner at the time of publication. Any interested party should verify the information before proceeding with any transaction. PUBLIC REAL ESTATE BROKER ALEJANDRO MILHAS CMCPSI 4437 REAL ESTATE AGENT LUCIANA BOTTINI CUCICBA 9902

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