USD $

Lalinde Loft - The Dream Penthouse

COP $ 1,556,000,000.00 | 3 Bedrooms, 3.5 Bathrooms, 3 Rooms
COP $ 1,556,000,000.00
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  • Beds: 3
  • Baths: 3.5
  • Rooms: 3
  • Total viewing: 3467
Description:
One of a kind loft property in exclusive neighborhood of Lalinde, El Poblado.
About property

One of a kind loft property in exclusive neighborhood of Lalinde, El Poblado 

The unit will make a great place for a private residence or offer a high end furnished rental for the discerning tourist ¿Large, Open 3 bedroom loft 

Green Views on all sides 

Exclusive building 

Easy access at your doorstep to some of the best restaurants and nightlife that Medellin has to offer 

Unit Info: 

  • Penthouse
  • 2 Story Loft 
  • 283 total Sq. mtrs 
  • Loft space in both front and back of property 
  • 3 Large Bedrooms (Master has an open loft layout with bonus library) 
  • 3 Full Bathrooms in each bedroom 
  • 1 Social Bathroom 
  • Bonus room for (studio, work room or library)
  • Oversized Kitchen 
  • Open Spiral Staircase 
  • 15 plus Skylights 
  • Dome Rooftop Ceiling 
  • Front Full Wall Windows with narrow balcony 
  • Back Full Wall Windows & Glass Block 
  • Front and Back Faux Balconies 
  • Excellent Natural Lighting 
  • Green Views 
  • Beautiful wood Floors on Main Floor 
  • Exposed Beams (loft style) 
  • Extensive Glass Doors, Glass Blocks throughout the property 
  • Large Utility Room 
  • Parking Space #6 19 m2  (size to be confirmed)
  • Taxes: 750,0000 each quarter
  • Administration: 361,000 each month
  • Valorization Tax: PAID

 

Building Info: 

  • Name: Edificio El Atico II 
  • Boutique Building in LaLinde
  • 10 Units in the building with two wings 
  • Elevator 
  • Underground Parking 

 

Upgrade Ideas: 

Unit offer significant space available to add one or more of the following options:

  • Jacuzzi
  • Wet Bar
  • Pool Table
  • Fireplace
  • (or) 4th bedroom

 

Neighborhood: 

  • Lalinde is becoming the Soho district of El Poblado with various unique and privileged loft developments in a small 4 block radius 
  • Properties of Note: 
  • Soho Lofts 
  • Vintage Office Building / Mixed Use  
  • New Luxuary Development On Same Block (opening this year) 
  • Green Building on the end street by El Cielo (sold out at 7,000,000 per m2)
  • Casa del Reloj Luxury Rental Property
  • Astorga Lofts

 

 

Restaurant and Bar Info: 

  • Approximately 25 high end restaurants in 2 – 3 block radius
  • Just 5 blocks walk from the Provenza dining and tourism district
  • Just 7 blocks from Parque Lleras Zona Rosa (#1 bar and club district)

 

Rental Income Potential: 

  • Very unique opportunity allowing short term rentals in this building as it is a mixed use commercial/residential building 
  • Daily Rental Rates Range from $400 - $575 USD per night depending on finishings/furnishings

 

Price

Option #1: 

1,556'500,000 COP (Approximately $518,000 USD)

Option #2: (Payment Plan with small price increase and 0% financing) 

  • 650,000,000 COP Now
  • 500,000,000 COP Jan 1st 2017
  • 500,000,000 COP June1st 2017
  • 0% Interest on Balances Due
  • Potential to generate positive cash flow before you own it!

 Lalinde Loft Renovation Project

The estimated budget for general reconditioning of the space is 140,000,000 Pesos.  At the bottom of this summary there are more detailed breakdown details of what we would be covering with this estimated cost. 

In addition to the estimated upgrades and repairs an owner could add additional luxury items as desired to the property.  Below are a few ideas and a few estimated prices in addition to some photos that give a sense of a few things that could be done.  The possibilities on this unit are endless so owners could do as much or little as they wish. 

  • Additional (but not necessary) potential luxury upgrades and approximate Estimates
  • Add kitchen island to the kitchen – 12,000,000 Pesos
  • Add pantry to right of kitchen – 6,000,000 Pesos
  • Redo all skylights – 4,000,000 Pesos
  • Feature wall in living area – 6,000,000 Pesos
  • Replace all stair treads and hand rails – 8,000,000 Pesos
  • Replace and upgrade all windows – 25,000,000 Pesos
  • Refinish bathrooms – 8,000,000 Pesos per bathroom
  • Add Jacuzzi and Jacuzzi deck wrap around – 20,000,000 Pesos
  • Smart home electrical and home theater system – 20,000,000 Pesos

Additional and extra ideas that could add a lot of value

  • Feature wall in living area ideas for central living zone 
  • Adding a fireplace feature 
  • Adding a Jacuzzi 
  • Adding a kitchen island
  • Adding a Pool Table
  • Additional design and painting ideas
  • Adding a Wet Bar

The estimated 140,000,000 Pesos budget would include the following:

General

  • Patch walls and paint entire apartment including beams, handrails, walls ceiling. 
  • Clean up all windows, fix operation, and do general maintenance, clean and or repaint frames. 
  • Deep clean second level floors
  • Replace all outlets and switches to be uniform
  • Replace all electrical lighting with new fixtures, and LED bulbs for energy efficiency
  • Make any necessary roof repairs (no evidence of leaking roof, there are always preventative maintenance items that could be done)
  • Install A/C in entire apartment, all rooms and living room areas
  • Do maintenance on stairs
  • Refinish wood floors
  • Drywall detailing around apartment
  • New closet in living room area near balcony
  • Remove electrical channels in living room and replace with more elegant solution
  • Make upgrades in Social bathroom

Master Bedroom (large open bedroom with loft)

  • Remove tiles from walls with holes from old instillations, stucco and paint
  • Remove existing master closet, replace and add executive work space
  • Redo tiles in the open closet area
  • Repair handrail gap
  • Raise wall at bathroom entrance
  • Replace drawers
  • Repair fountain

Middle bedroom

  • Privatize middle bedroom by building walls to the ceiling, remove tiles stucco and paint
  • Build in new closet

First bedroom over kitchen

  • Add window where removed
  • Re-grout bathroom floor

Kitchen

  • Refinish kitchen
  • Replace glass blocks at backspash area
  • Replace/Update granite counter tops
  • Add oven

Laundry

  • Upgrade wash basin and tile floors
  • Replace water heater with larger unit

All of the itemized repairs and suggested upgrades would ensure the unit is in great living and renting condition maximizing the existing infrastructure.   

 

Features

Base Information

Rooms: 3
Bed: 3
Bath: 3.5

Amenities

General Amenities
Balcony
One Parking Space

Custom fields

  HOA/ADM :  COP $361,000
  TAX :  COP $750,000 Quarter
  Furnished :  No
  Financing with Owner :  Yes
Location
Information
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