Welcome to 5865 Nicaragua
5865 Nicaragua is a new luxury condominium development located in the upscale Palermo Hollywood neighborhood of Buenos Aires, Argentina. The building will be high-end, with top quality finish work standard and upgrades available.
The site, at 5865 Nicaragua between Carranza and Ravignani, is located in the heart of Palermo Hollywood. The location is within walking distance to some of the best restaurants, nightlife and shopping in Buenos Aires. It is blocks from the Buenos Aires Golf Club, the Hipodromo (race track) and the parks of Palermo. Just 2 blocks from Santa Fe, a major Avenue with a subway stop and other transportation alternatives. The area is arguably the most vibrant in Buenos Aires.
Construction is scheduled to begin December 2009 with completion by March 2011. This site should answer all your questions about the property and show you the enormous investment potential that is available. Please feel free to contact us with any additional questions or inquiries.
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The Apartments
Each apartment is 29 square meters (approximately 312 square feet) and and is designed to provide full luxury in a small space allowing for the units to “live “much larger than they are and thus maximizing the investment return for the buyer.
Each apartment features:
- Floor to ceiling windows
- Wood flooring
- Fully equipped kitchen with stainless steel appliances
- Granite counter tops
- Dishwasher (optional)
- Washer/dryer clothes (optional)
- Spacious bathroom with custom vanity, jetted tub/shower and bidet
- Custom wood cabinetry
- Modern design
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Income Potential
The 5865 Nicaragua project was designed for people to have multiple options for their units. They can live in them full time, use as a vacation home, rent longer term, or rent short term.
We believe that the nightly rental option offers the best investment potential of the project. Based on 30% occupancy, the investor would receive over 10% a year in income net of management fees and expenses.
Please view our pro forma for some numbers based on different occupancy rates.
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A Unique Proposition in Argentina
This project is unique in Argentina in a number of ways:
- All units are “fixed price” meaning that you’ll pay one price and not be subject to random price increases due to inflation, costs of materials, etc.
- All payments can be wired to a US bank account and we’ll handle all money transfer issues into Argentina as part of the price.
- All appliances and fixtures (other than those listed as optional) are included in the purchase price. There are no hidden fees.
- This project is American developed and the quality of construction is very high.
We invite you to explore the rest of the site to read more and contact us if you have any questions.
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