Nachalat Achim (Nachlaot)

Investment Property in Nachalat Achim, Jerusalem

Property Features:

• Land Area: 298 sqm
• Current Built Area: 185 sqm main area + service areas
• Building Rights: Under an approved plan for an urban renewal project (TAMA 38/2 – demolition and new construction)
• Future Project: Total of 660 sqm + 177 sqm outdoor areas, across 4 floors + roof space
• Area for Buyer: 575 sqm + 154 sqm outdoor areas
• Private Ownership: 87% of a single-story building with a tiled roof

Central and Attractive Location: Nachalat Achim is located in central Jerusalem, close to the prestigious neighborhoods of Sha’arei Chesed and Rehavia. The area offers convenient access to all major city services and is near a variety of cultural, recreational, educational, and religious institutions.

Proximity to Key Points of Interest:

• Major Synagogues: A short walk to central synagogues.
• Sacker Park: One of the largest and central parks in Jerusalem, offering green spaces, sports facilities, and walking and running trails.
• Cultural Institutions: Close to museums, theaters, and art centers providing diverse cultural experiences.
• City Center: The property is within walking distance of the city center, which offers a wide range of shops, restaurants, cafes, and entertainment venues.

Investment Potential: The property in Nachalat Achim offers a unique opportunity for investment in an urban renewal project with approved building rights. The future project includes the construction of 660 sqm + 177 sqm outdoor areas, with the option to acquire 575 sqm + 154 sqm outdoor areas. This is an opportunity to enhance a property in a central and sought-after location in Jerusalem.

Additional Advantages:

• Quiet Environment: Despite its central location, the area offers a quiet and community-oriented atmosphere.
• Public Transport: High accessibility to public transportation, including bus lines and the light rail.
• Schools and Kindergartens: The area features quality educational institutions suitable for families with children.

Summary: The property in Nachalat Achim represents an excellent investment opportunity in an urban renewal project in central Jerusalem. With its central location, proximity to all major services, and potential for property value enhancement, it is an ideal asset for investors seeking unique opportunities in the Jerusalem real estate market.