SHALOM FROM JERUSALEM
Passover Commercial Issue
Commercial Investment Properties
In this newsletter, we have an interesting mix of small and large commercial properties. In our forth coming Passover Residential Newsletter # 63, there will be included residential investment properties and select new projects that still have apartments available.
The purchase of a few of the commercial properties presented is complex, however, in consideration of the location and opportunity, they are included in this newsletter.
With Passover preparations in full swing, I am keeping descriptions short and to the point. Please contact us with your questions and inquiries regarding properties you are looking for, as our website listings are not all inclusive.
To review our previous newsletters see our archive section on the website.
Especially during this holiday season, please let us know when you are coming to Israel in advance, so that we can arrange appointments for you to see properties. Please take into account that Passover is a major vacation time in Israel.
We would like to take this opportunity to wish you all a Happy and Enjoyable Passover Holiday.
COMMERCIAL INVESTMENT PROPERTIES
Jerusalem Central Business District
The locations of properties # 1 - 6 vary in proximity to the Old City, to Nachlaot and Rechavia and Jaffa Road.
1 - Where the Action Is! # 1048
A 138 sqm store on private land close to the Waldorf Astoria on 3 levels: 72 sqm entrance level, 36 sqm basement and a 30 sqm gallery.
There is an additional 45 sqm of closed space that is not registered.
Asking Price: NIS 4,250,000
2 - Unique Historical Complex # 740
A 100 + year old walled property of several connected buildings totaling 420 sqm on 540 sqm private land.
The property has been used as a residential home for the past 100 + years and is zoned for an institution as well.
The municipality was in favor of expanding the property to 860 sqm a few years ago upon a request submitted by the owner.
The property is perfect for a boutique hotel with a restaurant or perhaps a gallery and small shops or as a very unique residential home.
Asking Price: NIS 20,000,000
3 - New Stores # 1054
5 new stores are for sale in a building that is being renovated to be completed in 12-18 months. Some of the stores can be combined. Terms of sale are 30% at signing and balance at completion.
Size (sqm) Asking Price (NIS) - not including VAT
1. 42 NIS 5,000,000
2. 48.5 NIS 6,000,000
3. 64 NIS 7,000,000
4. 26 NIS 4,000,000
5. 47 NIS 5,000,000
4 - 2100+ sqm near Old City # 1047
In a landmark protected building, 2 floors (ground + -1) 2,000+ sqm. Occupancy within 2 months. For commercial purposes only.
Asking Price: This is not a public tender. The company will consider reasonable offers. If the offer is in the ballpark of what they want to receive, they will begin negotiations with the buyer. The purchase price will be + V.A.T. Please contact us for additional information regarding the price.
5 - A 400 sqm lot that is zoned for mixed use as a retail, boutique hotel or residential property.
Currently there are 4 built stores comprising 400 sqm. There are additional building rights for 1,600 sqm. The existing commercial level can be sold separately from the building rights.
Total Asking Price: NIS 35,000,000 + V.A.T.
6 - Beautiful Modern Building # 1049
A beautiful modern 2,700 sqm building near the hotels and the Old City in excellent condition, in a #1 location. An additional 3,000 sqm subject to zoning and building permits.
Architects have confirmed that it is straight forward to get a hotel-type zoning for this property.
Asking Price: NIS 59,000,000
7 – Hotel In Town # 1050
A charming hotel that is 1,900 sqm. The sqm includes the hotel rooms, common areas, restaurant, etc. The hotel is located on a quiet street in the center of town in easy walking distance to the Great Synagogue, other hotels and the Old City.
Asking Price: NIS 57,000,000
8- A 10,000 sqm Commercial Center in the western part of the City, consisting of luxurious offices and a retail complex which comprises a three-floor office building atop a two-floor retail-space shopping plaza, + 11,000 sqm parking for 300 parking spaces. The public areas are about 600 sqm.
Asking Price: NIS 60,000,000. There is a possibility to purchase 50%.
9 - The following 2 listings are shopping malls to be built near major residential areas in Israel. (Not in Jerusalem)
A - On a 15,000 sqm lot, 3 buildings totaling 28,000 sqm on 3 floors (8-9000 sqm per floor). An additional 14,000 sqm have been allotted for 550 parking spaces.
The building is scheduled to be completed in approximately 4 years.
Asking Price: For the land + the permit and floor plans is NIS 55,000,000 + V.A.T.
There is an option to purchase 50% of the shopping mall.
B- In a major population area in the center of the country, on a 7,500 sqm private lot, a 10,000 sqm shopping mall will be built. The buildings will have 3 storeys of stores and 2 storeys of offices.
There are no other shopping malls in the area.
IIn addition to restaurants, coffee shops and fashion stores, 2 major franchises have signed up for 20 & 24 year leases.
There is an option to buy the land + the permit + the renters.
If the buyer is purchasing 50%, the Mall will be closed on Saturday. If the buyer is purchasing 100%, it will be their decision.
Asking price: NIS 70,000,000 + V.A.T