HaZfira – New Project,  8 APARTMENTS AVAILABLE FOR SALE

LOCATED ON ONE OF THE MOST PRIME PIECES OF UNDEVELOPED LAND IN CENTRAL JERUSALEM , A RARE OPPORTUNITY TO INVEST AND LIVE IN A TROPHY PROPERTY ON ONE OF THE BEST, GREEN AND QUIET STREETS OF THE GERMAN COLONY. A TRANQUIL, PICTURESQUE AND PASTORAL LOCATION JUST STEP AWAY FROM THE CONVENIENCE AND ACTION OF EMEK REFAIM.

RECENT TRANSACTIONS IN THE AREA HAVE INCLUDED FREESTANDING VILLAS AS WELL AS PRIVATE APARTMENTS IN THE ISROTEL ORIENT AT PRICES RANGING FROM 70,000 TO 95,000 SHEKELS PER SQM AS THIS IS A PARTNERSHIP PROJECT, THE COST OF RESIDENCES IN THIS PROJECT ARE ATTRACTIVELY LESS THAN MARKET PRICES:PRICES ARE BASED ON 50,000 SHEKELS PER SQM:

• CONSTRUCTION TO A HIGH STANDARD AND QUALITY OF FINISHES = 18,000 SHEKELS PER SQM (15K+VAT)*

• AND COST OF LAND / BUILDING RIGHTS = 32,000 SHEKELS PER SQM

• MIRPASOT PRICED AT 50%

• GARDENS PRICED AT 25%

8 APARTMENTS AVAILABLE FOR SALE:

• #10 (FLOOR B) = 70 SQM + 5.7 SQM MIRPESET = 3.65M SHEKELS
• #13 (FLOOR B) = 67 SQM + 12.2 SQM MIRPESET = 3.65M SHEKELS
• #14 (FLOOR B) = 58 SQM + 6.9 SQM MIRPESET = 3.01M SHEKELS
• #16 (FLOOR C) = 68 SQM + 11.2 SQM MIRPESET = 3.68M SHEKELS
• #17 (FLOOR C) = 70 SQM + 5.7 SQM MIRPESET = 3.65M SHEKELS
• #21 (FLOOR C) = 78 SQM + 9.5 SQM MIRPESET = 4.15M SHEKELS
• #22 (FLOOR C) = 58 SQM + 5.7 SQM MIRPESET = 3.05M SHEKELS
• #23 (FLOOR C) = 68 SQM + 6.2 SQM MIRPESET = 3.55M SHEKELS

* BUDGET INCLUDES DEDICATED REPRESENTATIVE AS WELL AS PROFESSIONAL PROJECT MANAGER           AND ADDITIONAL ‘ MEFAKEACH’ CONSTRUCTION SUPERVISOR

EXISTING PERMIT ALREADY FULLY APPROVED AND SIGNED (INCLUDING FEES ALREADY PAID); ‘SHOVEL READY’ & SCHEDULED TO START CONSTRUCTION WITHIN THE NEXT FEW WEEKS ESTIMATED COMPLETION IN 2023

• 3 NEW BUILDINGS (3 SEPARATE ENTRANCES, SET OUT AS 4 SEPARATE SECTIONS / WINGS):

• EACH ENTRANCE WITH INITIALLY 3 FLOORS

• 2 OR 3 SMALL APARTMENTS PER FLOOR:

• 8 GROUND FLOOR / GARDEN APARTMENTS + 8 FIRST FLOOR APARTMENTS + 8 SECOND FLOOR APARTMENTS = 24 APARTMENTS TOTAL

• APARTMENTS RANGING FROM 58 SQM TO 84 SQM

• CONVENIENT AND EASY 2-LANE COVERED AND SECURE GARAGE WITH COMFORTABLE PRIVATE PARKING AS WELL AS SPACIOUS PRIVATE STORAGE UNITS FOR EACH RESIDENCE

• EVERY APARTMENT ADDITIONALLY BENEFITS FROM PRIVATE SECURITY ROOM + PRIVATE GARDEN OR SUKKAH TERRACE; AND IS FULLY ACCESSIBLE VIA SHABBAT ELEVATOR

• CURRENT PERMIT HAS TWO OF THE APARTMENTS COMBINED INTO A GARDEN DUPLEX / TOWNHOUSE;

• THEREFORE 23 RESIDENCES TOTAL IN STAGE ONE OF NEW BUILDINGS

• OF WHICH 8 UNITS STILL AVAILABLE FOR SALE

EVENTUALLY THIS PROJECT WILL HAVE 5 FLOORS (INSTEAD OF 3 FLOORS)REZONING HAS ALREADY COMMENCED ACCORDING TO THE APPROVED ‘TOCHNIT HAMOSHAVOT’ MASTER PLAN; SHOULD ENABLE CONSTRUCTION, TO CONTINUE BY THE TIME FIRST STAGE SHELL IS READY, TO ADD:

• 2 ADDITIONAL NEW FLOORS ON TOP OF THE NEW BUILDINGS

= 4 ADDITIONAL APARTMENTS (126-160 SQM EACH)

+ 4 ADDITIONAL PENTHOUSES (126-160 SQM EACH) WITH PRIVATE

ROOF TERRACES INCLUDING PRIVATE SWIMMING POOLS

• THE REZONING PLAN ALSO INCLUDES:
• ENLARGING THE MIRPASOT FOR MOST OF THE APARTMENTS
• ADDING A LARGE (OVER 100 SQM) UNDERGROUND MULTI-PURPOSE ROOM WITH 7M HIGH CEILINGS AS WELL AS NATURAL LIGHT AND VENTILATION (SUITABLE FOR PARTY ROOM / GYM / POOL / GYMBOREE ETC.)
• ADDING BASEMENTS TO SOME OF THE GARDEN APARTMENTS