The project will be located in Medellin on Nutibara Avenue, 1 block from the second park in Laureles, right at the beginning of the gastronomic area.
Urbit Laureles_Social Loft is a project of "short-stay rental apartments" and retail on the second floors.
Se alquila a través del esquema de AIRBNB y las plataformas digitales con un solo operador está activo a cargo de la empresa "Paralelo".
It is a modern and avant-garde design, with an attractive mix of commercial offerings and 64 lofts for short-stay rentals. Apartment areas range from 18.2 m2 to 30.6 m2.
The investment ranges from $227 million, and will be delivered completely finished, plus equipment that will be informed by the operator. They will have industrial and modern finishes.
Profitability is projected to exceed 1% E.M. and an appreciation of 5% of the annual value of the property. (*Projected profitability is subject to market conditions and occupancy).
Complete the form and download all the relevant information about the URBIT short term rental real estate project.
Its privileged location near the gastronomic area known as Garden Street will be one of the driving forces behind the project's success.
In a construction with 2 commercial premises on the second floor, one of which will have gastronomic purposes and will make use of a Spanish type terrace.
In this model, although you own your own hotel suite, you participate in the global business of renting the suites available for the month.
With an investment from $227 million pesos + Endowment you will be able to acquire a loft and be part of a passive income investment model.
With an average occupancy at 70% (Medellín is currently at 82%), you could recover your investment within 9 to 10 years.
Using its lean operating model, it will seek to improve both margin and guest satisfaction.
More info: paralelogroup.com
*The numbers in the business proposal are a projection calculated under an average occupancy of 70% and are based on the average occupancy of the city of Medellín. Variations in the market and external factors may alter the result. Construction times are calculated based on normal market times and conditions and the correct disbursement of installments by investors. Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Historical returns, expected returns or probability projections may not accurately reflect actual future performance.
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Together with B3 Cúbico, Tres-E, and the architecture of Jorge Palacio, we began the conceptualization, design and structuring of our project. Based on its privileged location in the Laureles sector, an arduous and dedicated regulatory, financial and design work in a 6-month process, URBIT SOCIAL LOFTS was born, an investment project dedicated to short and medium term rentals.
In November, the project was launched under a light sales structure, focused on personalized attention to investors. This process was highly successful, achieving almost total sales in a period of 6 to 7 months.
Photo dated July 25, 2022.
Work began on the internal demolition of the house in preparation for its demolition. This work is necessary because it avoids reprocessing and facilitates the demolition work.
Photo dated September 5, 2022.
Progress is being made in removing material with the excavation works of the lot.
Photo of July 9, 2023.
The professional team celebrates this important milestone from URBIT's rooftop.
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