Hotel and Commercial Building in the Center of Porto Alegre, in Rio Grande do Sul

Details

Hotel Porto Alegre: Commercial building, used as a hotel, 30 bedrooms, 1500 m² constructed area, 5 floors, elevator

General Description and Characteristics:

Under offer is a commercial building, erected about 35 years ago as a hotel which remained operational until 2018. There are more than 1.500 m² of constructed area: 5 (five) floors with elevator, 30 bedrooms (all of it with bathrooms), laundry area (at the top floor), soiree, kitchen, storage, bathroom and breakfast room at ground floor. Furthermore there are other facilities such as meeting room and cover parking lot up to 12 cars.

There are two rooms for events or meetings, a reception room, space for socializing with barbecue and storage.
All in good condition. Excellent location with access to all the main points of the city: airport, bus station, freeway (BR-290, entrance to Porto Alegre), Public Market, Cais do Porto and between two subway stations.

Postal Adress: Avenida Julio de Castilhos 477, Porto Alegre

Additional videos/short clips of the property:

• https://youtu.be/cxRnMYQ1aA8
• https://youtu.be/S1exMw74HFE

Additional Information about Porto Alegre, the historical center and surroundings:

• Official and Municipal Information: https://prefeitura.poa.br/
• The City Council recently approved a reform project for the historical center o Porto Alegre:
• https://g1.globo.com/rs/rio-grande-do-sul/noticia/2021/11/25/camara-aprova-projeto-para-reforma-do-centro-historico-de-porto-alegre.ghtml
• Fiscal incentives and tax exemptions for historical buildings in Porto Alegre: https://gauchazh.clicrbs.com.br/porto-alegre/noticia/2021/12/aprovada-isencao-fiscal-para-negocios-que-ocuparem-predios-historicos-no-centro-de-porto-alegre-ckxkmiuwd003q0188lupndn8x.html
• https://www.jornaldocomercio.com/_conteudo/colunas/pensar_a_cidade/2022/01/829467-predio-na-maua-e-o-primeiro-projeto-sob-nova-lei-no-centro-de-porto-alegre.html

The historical and traditional center of Porto Alegre is one of the historically richest and most prosperous centers of this kind in Brazil. It offers an excellent infrastructure, very good access to major roads and highways as well as many historical attractions, with numerous famous landmarks.

We assist clients during the whole sales process and provide encompassing consulting services.

General Observations:

1. This commercial building is only for sale, not for rental of any kind.
2. It is reasonable and also recommended that interested buyers perform a visit of the property with a subsequent diligence in order to make an informed decision on whether to proceed with the purchase. It is however expected that the prospective client has the necessary financial means to purchase. It is important to note that Brazilian banks or in general financial institutions do not give, under any circumstances, loans or mortgages to foreigners. Also, it is very rare that European or American banks concede loans or mortgages for purchasing real estate in Brazil. It is thus indispensable to have the proper capital in order to effectuate a purchase.

Hotel Porto Alegre/Commercial Building