Real Estate in Buenos Aires

Advice on purchasing, renovating, and furnishing real estate in Buenos Aires, Argentina. Discussions include detailed descriptions of my experiences with real estate professionals, lawyers, contractors, architects, and furniture vendors.

Sunday, April 23, 2006

www.vrbo.com

Ultra Luxury 2 Bedroom Apartment With Buiness Center for Rent

We have finished the extensive renovation of our flat, and it is now available for your stay in Buenos Aires:

Above is our building from the street, the street entrance, and the building's original lobby -


Above is the original 1926 wood-carved elevator, our apartment entry hall, and the living room.



Above is the living room, fully equipped business center, and bar seating area.

Bar seating area (view from kitchen), view into living room, and the chef's kitchen


Another view of the kitchen, travertine marble bathroom, and master bedroom. Secondary bedroom is below.

A detailed property description, and prices will follow, if you have any questions or would like to reserve the room, please email me at briantown@gmail.com

A 5-star property. Located in the Recoleta district, considered by most to be the safest and most upscale neighborhood in Buenos Aires. This stunning apartment offers all of the amenities expected by the luxury traveler. An original wood elevator takes you up to the apartment which is situated on the 8th floor of an 80 year old building. The building/apartment is of Parisian architecture and features 12 foot ceilings, original French balconies/doors, 8th floor city views, and period detailing. The Slovenian Oak floors have been restored to their original beauty. The apartment boasts a spacious 75 square meters (over 800 square feet) with 2 bedrooms. Completely renovated with the finest materials and hand made furniture, this property blends modern convenience with the class of old world architecture.

The apartment has an extremely quiet and sunny location on the back of the building and shares a floor with only one other space. There is a separate service entrance in the kitchen for laundry/food delivery and cleaning staff. Close to all transportation, fine restaurants, and nightlife this location leaves nothing to be desired. There was no expense spared in the complete renovation of the apartment.

The living room has an atmosphere that is warm and relaxed and the ambiance embraces the uniqueness of the local culture. It is richly designed with leather furniture and custom lighting. Featuring a 30” flat screen television with DVD player and 5.1 surround sound, the living room is poised to play the latest Hollywood thrillers. Just off the living room is a library and reading space complete with spot lighting.

The apartment has two bedrooms. The principal bedroom is furnished with an amoire and a King size bed with luxurious high thread-count linens. The original french doors open to a city view. The second room also retains it’s original french doors and has a King size bed (two twin beds upon request). All mattresses are Four Seasons Presidential Suite mattresses.

The business center is completely equipped for today’s business traveler. This room includes a custom desk/work area, a color printer/scanner/copier, and a cordless phone with voicemail. High-speed Internet and Wi-Fi is available throughout the apartment.

The bathroom has been completely renovated with travertine marble, sleek fixtures, and hand made furniture. The gourmet kitchen is furnished with all the items you would find in your own home. It includes custom wood cabinets, a commercial grade oven, and other stainless steel appliances.

This space is perfect for either the longer term stay in Buenos Aires or just treating yourself to an ultra luxury experience for a few short nights. Additionally, this property offers three times the space of a normal hotel room, with all the charm, at half the price.

The renovation of this apartment spared no expense with goal of providing our visitors a world class lodging experience. The money, effort, and time spent on this property is something that we hope helps you remember your stay in Buenos Aires.

Maximum Capacity: 4 people
Please no children, smoking, or pets

This property is of the highest caliber and includes the following amenities:

Living Room

· Panasonic 5.8 Ghz cordless telephone with voicemail (up to 3 mailboxes)
· Luxurious leather sofa, sitting chair, and banquette
· Stereo CD/DVD/MP3/Karioke player with remote control
· 30” RCA flat screen television with cable
· 5.1 Surround Sound System
· Library with spot lighting
· Air conditioning and heating system with remote control
· Custom designed mood lighting
· Bar seating for four

Bedroom #1

· King sized bed with Four Seasons Presidential Suite luxury mattress
· The finest bedding, pillows, and down comforter
· In-room electronic programmable safe
· Incredible period chandelier
· 8th Floor View
· Period French doors and French balcony
· Individual air conditioning and heating system with remote control
· Custom designed closet

Bedroom #2

· King sized Four Seasons luxury bed (2 twin beds available on request)
· The finest bedding, pillows, and comforters
· In-room electronic programmable safe
· 8th Floor view
· Beautiful period chandelier
· Period French doors and French balcony
· Individual air conditioning and heating system with remote control

Business Center

· Dedicated room for business activities
· Custom designed work desk
· High-speed Internet and Wi-Fi system is available throughout the apartment
· Hewlett Packard color printer, scanner and copier
· Custom illumination
· Wireless Panasonic Phone with Voicemail

Bathroom

· Luxury marble bathroom with shower/bathtub
· Modern bathroom design with high-end fixtures
· Hair Dryer
· Full length mirror
· Custom lighting

Kitchen

· Fully remodeled kitchen with marble countertops
· High-grade stainless steel appliances
· Gourmet industrial stainless steel oven
· Compact, integrated refrigerator
· Stainless steel microwave oven with integrated toaster
· Fully equipped with dishes, silverware, glasses, coffee maker, pots and pans, wine opener, and all cooking utensils

Other Amenities

· Air conditioning/heating in each room (Individual temperature control for maximum comfort)
· Wi-Fi high-speed wireless Internet access
· Local phone line with unlimited free local calling
· Weekly maid service complimentary (stays over 7 days)
· Extensive cable featuring CNN, BBC, Fox, E!, MTV, ESPN, Fashion TV, Cartoon Network, Disney Channel, Discovery Channel, TNT, WB, Hallmark, National Geographic, Film Zone, Animal Planet, Globo, and local programming


Check In: 2 PM
Check Out: 12 PM


Prices: Nightly U$S 150 Weekly U$S 900 Monthly U$S 2700

Friday, April 14, 2006

Living Large in Buenos Aires

For the people interested in this site, I thought that I would post a project I am working on putting together in Buenos Aires. The following offering is very unique (to date, the only in BA) and is aimed at providing a low cost, 5-star lodging experience for the person who spends a portion of time per year in Buenos Aires. The market I am focused on is the high-end traveler/family or business traveler. The numbers make sense even for the sideline investor. I am confident that there is an undeveloped market/opportunity in this area of real estate in Buenos Aires. I am also confident that there is no other world-class city that can offer an opportunity like this at a similar price point. I am also very interested in your feedback. Please email me with what you think at briantown@gmail.com --- Now on to the business!


1)The Front of the Mansion 2)Ground Floor Carriage House - Planned cafe 3)Presidential common area

Summary and highlights:

  • A recently renovated, turnkey building
  • 4 floors and a basement- main floors are over 2000 sq/ft of spacious luxury.
  • Meticulously restored 1910 original detailing
  • Excellent location - 10 blocks to the World Famous Recoleta Cemetery.
  • Fully furnished with 7600 sq/ft in total usage space
  • Original, restored elevator
  • Museum quality furniture, fixtures, and architecture.
  • A building of the highest caliber - comparable to the Ritz Carlton or Four Seasons Hotel.
  • Amenities will include a concierge, daily maid service, personal security, gourmet chef, ground floor cafe, and therapeutic masseuse.
  • A comparable building in structure can be found in New York for a $31,000,000 price tag. See here NYC comparable


The offering:

We will be selling Ownership Units (OU's) in the property. An Ownership Unit will:

  1. entitle the investor to a 1% percent ownership position in the proposed hotel.
  2. Allow the investor usage of the hotel for a period of time per year.
  3. Allow the investor to participate in any property appreciation in the event of a sale.
  4. Allow the investor to trade or rent their annual hotel usage time.
  5. Provide top quality services and amenities found only in the worlds best hotels.

Entry level Ownership Unit's will initially cost around U$S 50,000 with a U$S 3,000 annual fee. The annual fee will be used to provide employee salaries, pay property taxes, and maintain the building.

We also have plans to add the following facilities:

The Lower Floor

- a small day-spa/therapeutic massage room
- a possible gym
- a storage "locker-room" for charter members (nice wooden lockers to keep personal belongings or store wine with charter members name).

The ground floor

- A fully functional business center including a computer, copier, printer, fax machine, scanner, and phone system.
- Upgraded living area for the staff
- Outside sitting area

The first floor

1) Common entertainment area 2)Common reading room wih fresco on ceiling

- Bathroom renovation

The second floor

- Bathroom renovation
- Ultra Luxury Four Seasons King bed mattresses
- Flat screen televisions in each room
- Extensive cable featuring CNN, BBC, Fox, E!, MTV, ESPN, Cartoon Network,Hallmark, Disney, TNT, WB, National Geographic, Discovery Channel, Animal Planet, Globo, and local programming

1) First floor foyer 2)Original 1910 skylight 3)Second floor foyer 4)Presidential reading room 5)Second Floor bedroom

Rooftop Terrace
- Possible Jacuzzi
- BBQ area (Parilla)
- Landscaped garden area

Throughout the entire property

- Wi-Fi wireless high-speed Internet throughout the mansion
- Vonage phone system with free unlimited calls to the US and Canada

Additionally, we will hire a staff that includes a chef, daily maid service, 24-hour security, a concierge, and a therapeutic masseuse. These services will be provided to all guests for a nominal fee. This will be a 5-star ultra luxury property.

The secure investment

Currently, there are no other comparative properties like this in Buenos Aires. Percentage ownership interest property structuring is unheard of in Buenos Aires, making ownership in spectacular buildings also extremely affordable. Simply researching the cost of a timeshare in Mexico will show the value provided in this investment.

Timeshare Comparative:

Up front cost for a two-week annual usage = U$S 50,000
annual membership fee = U$S 2000 - 3500
What you get = a 2 bedroom casita in Mexico, 1500 sq/ft, non-ownership 30 year usage right with a partial view of the ocean.

Income Potential

Each owner will have the flexibility of using, trading, or renting out their annual time in the building. While using the property is a treat in itself, renting the property can be equally rewarding. With tourism surging at 25% a year in Buenos Aires, the 5 star hotels can not keep up with demand. It is increasingly becoming more and more difficult to find luxury accommodations in the city. Today, we estimate a 7-10% net cash ROI on the rental of your time after paying the $3000 annual fee*.

* I used a very conservative comparison to come up with a $3250/week rental price for a ½ floor and building. Please see comparison here: Less than comparable comparison Please note that the property in comparison is less than ½ the size of our proposed property, and includes none of the amenities. The property in comparison has an 85% on average occupancy rate throughout the year.

We are offering a 5-star lodging experience along with ownership in a 1910 fully restored and furnished mansion in the heart of Buenos Aires. I am the first person to identify this market in Buenos Aires and I am sure that an investment with this quality cannot be found anywhere else in the world at this price.

Membership


½ Floor Membership Includes:

Two Luxury Bedrooms, One Private Bathroom
Usage of over 7000 square feet of Mansion space
Access and usage of all facilities
Ownership = 1% of the building
2 weeks a year usage
Prices starting at $50,000 and $3000 per year membership fee

Full Floor Membership Includes:

Private Usage of the entire facility
Four Ultra Luxury Bedrooms, Two Private Bathrooms
Usage of over 7000 square feet of Mansion space
Sole access and usage of all facilities
Ownership = 2% of the building
2 weeks a year usage
Prices starting at $95,000 and $6000 per year membership fee

Charter Member - Only Two Available:

1 Month a year full facility usage
Private Usage of the entire facility
Four Ultra Luxury Bedrooms, Two Private Bathrooms
Usage of over 7000 square feet of Mansion space
Sole access and usage of all facilities
Ownership = 4% of the building
2 weeks a year usage
Priced at $150,000 and $24,000 per year membership fee*

*This membership is for a limited time only, and can be owned between four separate entities.

If you are interested in investing, or have any additional questions, please contact me at briantown@gmail.com