The Product.
La Residence in Hazmieh: A single flat
covering 275 m2 with a charming view onto olive trees
and the residence garden. Sun exposure from sun rise to sun set.
About Hazmieh – Gardenia.
Prices have sky-rocketed in Beirut and
Ashrafieh [$/M2: 3500 – 4500].
Three years past and with the inauguration of the Hazmieh –
Beirut downtown freeway, people found out Hazmieh is only a five
minutes drive from downtown Beirut while free of all the
inconveniences of the latter such as pollution, congested
traffic, noise, etc.
In three years, all of Hazmieh - Mar Takla free land was
developed. As of this writing, there is no more vacant land and
developers are building new projects on the steep ridge
separating Mar Takla hill from the Jisr-El-Bacha valley.
In 2005, 1st floor residential starting cost was at
$1200 per M2.
In 2008, starting prices are at $1500/1600 per M2.
Where will they be tomorrow?
With scarcity of land and inflation starting to pick-up, prices
for well located residential flats in Hazmieh are set to explode
upwards.
About “La Residence” building
La Residence was built (completed in 1994)
by the present seller (a civil engineer) and for his own and
family residential use. La Residence is composed of four
completely independent buildings, side by side, facing
south-east with back end of flats facing north-west.
The entrance to the building is at the end of an impasse and
ensures privacy and security.
On the ground level, a large walking area free of cars allows
children to play around and adults to take a walk.
La Residence belongs to the Grand Luxe category and building
components were selected by the engineer/owner to be of the most
durable and reliable category.
La Residence was built in accordance with the Para-seismic code.
La Residence is only a few hundred meters off the freeway to
downtown Beirut.
About the flat.
Layout.
The area covers 275 m2.
The floor comprises three bedrooms, two bathrooms,
one guest toilet, the living and dining rooms, the kitchen, one
maids’ room and shower and a large veranda.
Equipment.
AC in all rooms, two diesel boilers.
Parkings.
Underground: 2X
Storage rooms.
2X
The price :
415
000 $
The price is set as of
June 2008.
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