City-centre Bucharest, Multiple Apartments Opportunity

Property Description

City-center Bucharest, Romania, payment in tranches

Description of property
100 sqm;
Area: Calea Mosilor, Carol Boulevard, protected area of the Armenian quarter;
Built in 1938;
1st floor of 5; 2 elevators out of which, 1 private elevator which is useable and one main elevator which is not in use but can be repaired;
Vestibule, living room, dinning room, 2 bedrooms, 2 small balconies, 2 bathrooms, kitchen, servant’s room. The apartment is splint in between the living area and the former servant’s area (kitchen, bathroom, servant’s room) via a 10 sqm hallway. The two bedrooms are connected via a door and can be used as bedroom & study room. The apartment had an initial combined destination, being used both as living quarters as well as a professional office, by a lawyer;
Only 2 windows of the apartment face the Calea Mosilor boulevard, the other windows are facing the inner yard of the building. For this reason, the apartment is significantly quiet and very easy to air;
The inner yard includes a barbeque area;
The apartment has a back entrance and an underground storage area;
Private heating.
The block of flats is at risk in case of an earthquake, therefore it is not eligible for a bank credit. However, it is currently listed to be consolidated by the city hall, with a 25% contribution from the owner. This will significantly increase the value of the property.

We recommend that buyer evaluates the risk with the help of a structural architect. Walls are 80 cm thick and no thermal insulation has been necessary to date.

The neighboring apartment is also currently being sold, therefore the entire floor can be purchased. Neighboring apartment is of 110 sqm. Both apartments have been designed originally in order to be conjoined if needed, with a very narrow niche connecting them. Discount for purchase of both apartments can be discussed. Owner of neighboring apartment is also open to payment in tranches.

Other apartments are available for sale at upper floors.

Payment and price
Since a bank loan cannot be taken for the purchase, we are open to payment in tranches, over a period of 1 year, with a 30% advance payment. Further investment in renovating the apartment, of 10.000 Eur – 15.000 Eur, is necessary.

All property documents are available for evaluation, payments are made to date.

In order to set an appointment to see the apartment, please call the number +40773865275 – Diana Turturica.

Property Video