EXCLUSIVE NEW LUXURY BOUTIQUE BUILDING FOR SALE IN TEL-AVIV –
Luxury boutique project for sale in Tel-Aviv, located on the quiet, and pastoral Itamar Ben-Avi Street right in the heart of Tel-Aviv neighborhood- 5 minutes walk to Ha-Bima National Theatre and Rothschild, Evn Gbirol Street, Sarona Market, near Yehuda Halevi street and the best shopping, activities, cafes and shops the city has to offer. Also located close to the famous Cameri Theatre- true Tel Aviv living!
The new building is being built right behind / connected to the famous “authors house” which housed some of the most famous writers in Israel’s history and will truly create a synergy of old and new- the project is developed by the famous Itzik Tshuva. The interior design will be created by one of the top interior designers in Tel-Aviv and each and every buyer will be able to work with this interior designer to create and structure their home as they see fit and according to their tastes, as part of the purchase plan.
Each unit will of course come with high-end designs and specifications- smart-home, electra robotic parking space, and VRF air conditioning. The project will house a beautiful lobby, gym, spa, and more.
PROPERTY DETAILS: Garden Rooftop Apartment in the new building with garden rooftop on the top of the preservation building as a private outdoor space – 223 Sqm Interior + 49 sqm garden area rooftop with open views
TERMS OF THE DEAL:
Scheduled for completion in 36 months- as of permit approval.
Developer can give a commitment to whomever signs to finish the project in 36 months
Accompanying bank is Bank HaPoalim- entire deal is according to Israeli sales law- all of the money is ensured by the bank + price is final
Should the project run over, the developer will need to compensate the buyer if there is no commitment to end date per month.
Payment is linked to the israeli construction index – very stable
BEFORE PERMIT- 7% upon signing + additional 13% immediately following approval of permit
– AFTER PERMIT- 20% SIGNING 80% second payment prior to completion/ closing