House buy in Tel Aviv-Yafo Tel Aviv

EXCLUSIVE NEW LUXURY BOUTIQUE BUILDING FOR SALE IN TEL-AVIV – Luxury boutique project for sale in Tel-Aviv, located on the quiet, and pastoral Itamar Ben-Avi Street right in the heart of Tel-Aviv neighborhood- 5 minutes walk to the Bima and Rothschild St, Evn Gbirol Street, Sarona Market, near Yehuda Halevi street and the best shopping, activities, cafes and shops the city has to offer. Also located close to the famous Cameri Theatre- true Tel Aviv living! BEIT-HA-SOFFER- A preservation building from 1957 – that is the famous Writers Building which housed the most famous writers and will turn into a museum, and will be connected to a brand-new building that highlights old and new Tel Aviv developed by the famous Itzik Tshuva developer. The buildings’ architect is planning to truly create a synergy of old and new – the smaller and well-known preservation building has been lived in by many famous authors and today it is where authors union is sitting – the building will undergo a renovation to the interior of the current building and will connect to a brand-new modern building designed in the shape of an open book, paying homage to the theme of writers and their special artifacts. For almost 70 years the structure has been a true icon and today it can be part of your new home! The building is in-laid and not right on the street which will create a private feeling all around. The interior design will be done by one of the top interior desginers in Tel-Aviv and each and every buyer will be able to work with this interior designer to create and structure their home as they see fit and according to their tastes, as part of the purchase plan. Each unit will of course come with high-end designs and specifications- smart-home, electra robotic parking space, VRF air conditioning and much more. ** Standard units come with 1 parking space The building will be located on the back-side of Itamar Ben-Avi Street and to its other side, the famous Kaplan Street runs. The building will house 23 apartments across 8 floors for a true boutique feeling. Current buyers of the building are hi-tech Tel-Aviv industry-workers and the top-of-the-top, the developers of the building themselves will also be living there. Building comes with amenities – a spa in the complex which will include a sauna, Jacuzzi, massage room, and a potential gym within the lobby area of the building- ​ PROPERTY DETAILS: Garden Rooftop Apartment in the new building with garden rooftop on the top of the preservation building as a private outdoor space – 223 Sqm Interior + 49 sqm garden area rooftop with open views TERMS OF THE DEAL: Finished in 36 months- as of permit- but can also give a commitment to whoever signs for 36 months to close in 3 years from now Accompanying bank is Bank HaPoalim- entire deal is according to Israeli sales law which means that all of the money is ensured by the bank Price is final – no one will have to ask for any more money and there is an obligation to an end-date – developer will need to compensate buyer if there is no commitment to end date + the project will run over allotted time PAYMENT TERMS: Payment is linked to the israeli construction index – very stable BEFORE PERMIT 7% upon signing + Immediately following permit- additional 13%- total of 20- downpayment AFTER PERMIT 20% SIGNING 80% second payment prior to completion/ closing