Description
For sale, a magnificent 12-year-old boutique building, first line to the sea in the heart of Ajami in Jaffa.
381 sqm seafront lot
Privately owned
Full sea view from all apartments, including the ground floor, with no possibility of future blockage
150m from the beach with direct sea access through a passageway located at the entrance of the building - see attached video
Authentic Arabic design
Current state - 5 apartments, approximately 800 sqm living area:
Apt 1 - 3 bedrooms, 103 sqm
Apt 2 - 4 bedrooms, 157 sqm + 50 sqm garden
Apt 3 - 4 bedrooms, 108 sqm + 7.6 terrace
Apt 4 - 4 bedroom, duplex - 142.6 sqm + 75.6 sqm terrace
Apt 5 - 4 bedroom, duplex - 147 sqm + 88 sqm terrace
Rooftop - currently unused, roughly 220 sqm
Public Gym on the ground floor
Basement - 300 sqm parking and storage
Elevator to all floors
The building can be purchased in several options:
Future state - Hospitality (plans attached) - the building holds an urban building scheme that allows for hotels and hospitality. The design of the building is ideal for such an option and can support a front desk, rooftop pool, spa, restaurant, and gym. The architect planned 32 rooms of 20 sqm on average, almost all will have sea view and a terrace.
approximately 1300 sqm for hotel use.
32 rooms
Rooftop with a bar and an infinity pool
Restaurant on the ground floor
Spa area including a hammam, sauna, and treatment rooms
Projected EBITA according to a hospitality appraiser - 4'300'000 NIS / A year ( ex. spa and food and beverage revenues)
Appraiser evaluation of 63'000'000 NIS as a built hotel
Future state - Residential option (plans attached) - adding 2 apartments, total roughly 1000 sqm of living area:
Apt 1 - 4 bedrooms, garden duplex 144 sqm.
Apt 2 - 4 bedrooms, garden duplex 132 sqm + 24 sqm garden + 8 sqm English garden.
Apt 3 - 4 bedrooms, 103 sqm + 13 terrace
Apt 4 - 4 bedroom, 103 sqm + 7.5 sqm terrace
Apt 5 - 3 bedrooms, mini penthouse, 95 sqm + 15 sqm terrace
Apt 6 - 3 bedrooms, mini penthouse, 94 sqm + 17 sqm terrace
Apt 7 - Penthouse with private pool, 115 sqm + 31 terraces + 156 rooftops with a private pool.
7 parking spaces in a mechanic system
Future state -The building can be purchased as is at a price of NIS 48 million include VAT
