House for sale with building rights – Old Katamon Border of Greek Colony in Jerusalem

House for sale with building rights in Old Katamon Border of Greek Colony in Jerusalem

Central location in the city, on a quiet street, large plot of 700 SqM with the original building on it  (property with preservation elements).

Built area of  about 200 sqm , all on one level, and an extra separate residential unit on the same plot.

Building rights in the neighborhood allow to reach  up to 5-6 floors in the process of requesting a permit and the total of 700-800 square meters .

The property can only be used for residential purposes as a private home, or divided into a number of apartments in accordance to a request submitted to the Jerusalem Municipality

One of the last remaining properties in the neighborhood that has not yet been developed.

From the appraisers diagnose of the rights : 

1. Plan according to Taba2878 plan62:

Building rights are 75% from the plot size that can be built in 3 floors above basement level

Max height from ground level 12.5 meters

+ adding for each unit safe room ( mamad of 12 sqm for each apt )

Store rooms up to 8% from the total house size

Open balconies and service areas inside the house frame

4^th floor for residential will be allowed in the attic space only in case the building rights could not be

Used in the floors below and areas in the attic above 2.2 meters will be considered as main building rights

Parking will be allowed underground

In total 519 sqm main building rights + safe rooms + store rooms + attic + service areas

1. Plan according to the upcoming new zoning plan for the neighborhood :

Building rights are 145% from the plot size that can be built in 5 floors above basement level

Max height from ground level 16.5 meters

House footprint will be 35% from plot size (242 sqm )

+ adding for each unit safe room ( mamad of 12 sqm for each apt )

Store rooms up to 8% from the total house size

Open balconies and service areas inside the house frame

Parking will be allowed underground

In total 1003 sqm main building rights + store rooms

This plan gets an addition of appreciation tax on the building rights beyond what is on plan A.

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