Sale of Apartment in Jerusalem

  1. Bar Ilan University invites potential buyers to submit offers for purchase of an apartment in Leonardo Plaza Hotel, located at 47 King George Street, in the center of Jerusalem.
  2. The apartment is approximately 150 square meters (approx. 1600 square feet).
  3. The apartment is located in the Leonardo Plaza Hotel on the 20th floor of a 22 story building. The apartment is actually made up of two connected units and has two separate entrances: east entrance and west entrance.
  4. From the east entrance door one enters a bedroom with a bathroom and storage area. A door connects this room to the rest of the unit. This unit size is 25 sq.m.
  5. The west entrance leads to an entrance hall, large living room and exit to a balcony with a magnificent view, in addition there is a bathroom, kitchen, dining room, bedroom and bathroom. This unit size is 105 sq.m. and the balcony is 18 sq.m.
  6. The cost of maintenance of the unit per year is about $45,000 and includes electricity, water, hotel facilities (not including dining services), internet, and ongoing maintenance. In addition, municipal taxes amount to about NIS 16,000 per year.
  7. The apartment is offered for sale in its present condition (AS IS).
  8. The apartment in its current state cannot be rented out. In order for the apartment to be rentable, it must be returned to its previous state of 2 apartments (One apartment with an area of 25.3 sq.m. and a second apartment with area of 130.1 sq.m.) and taking into consideration investment and restoration costs.
  9. No agency fees will be paid.
  10. Tours of the apartment will be coordinated with each interested party
  11. Offers may be submitted no later than October 29, 2017 at 12:00 noon at Bar Ilan University, Ramat Gan Israel according to the rules appearing in the hebrew document. A bank check or bank guarantee of 10% of the offered price is required.
  12. For further information please contact the university at +97235318552 or +97235318717 during working hours (Sun-Thurs 8:00-16:00 Israeli time) or by email michrazim.log@biu.ac.il.

Additional pictures can be found at http://tiful.biu.ac.il/files/logistics/tmvnvt_dyrh_byrvshlym.pdf

This internet page is provided for general informational purposes only, the actual document is in Hebrew and appears in the university's internet site.

Updated on October 17, 2017