Petit Hotel

Today we looked at this Petit Hotel for sale in Palermo Chico for a client… (way out of our price range unfortunately) This is a 7,000 sq ft converted mansion with three floors, a tiny back yard, two large terraces, and a guest house. It can be used for offices and/or residential which is one of the advantages. It had beautiful parque floors, crown mouldings, and doors.

However, it’s currently being used as an assisted living facility, so, our tour was fairly short and gloomy… and we couldn’t take pictures because the residents don’t know that the place is for sale… It’s a little pricey for the work that needs to be done, but this is one of the most expensive areas of BA, and in a major US or European city this place could fetch an easy $3M… I thought it could be a very nice property for someone who can afford it and is bullish on Argentine real estate.