Luxury Urban Renewal Opportunity in the German Colony
Sale Price₪ 5,450,000($ 1,756,931)
Property Description
For sale on HaMagid Street in the heart of the German Colony.
A prestigious, signed urban renewal (Pinui-Binui) project, approaching tenant evacuation.
Current apartment: A 2-bedroom apartment of 76 square meters, with a Sukkah balcony and a 20 sqm storage room. Currently rented for NIS 6,500 per month.
Future replacement apartment: A 3-bedroom apartment of 101 sqm, plus a 12 sqm Sukkah balcony.
High-end specifications, a luxurious lobby, Shabbat elevator, private parking, and a storage room.
Expected start of construction: Q1 of 2027.
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