The Colombian embassy in Jerusalem was recently inaugurated, but behind this event lies an interesting real estate deal. The property where the embassy operates, located on Rabbi Akiva Street, was sold to businessman Shmuel Apota, known in the parking industry in Jerusalem, for about 9 million shekels. The deal was made after the property had been on the market for three years without finding a buyer. Apota signed a lease agreement with the embassy, which will pay 17,000 dollars a month, leading to an annual income of 204,000 dollars. The property's value, according to the rent, could reach about 25 million shekels, but Apota purchased it at a significantly lower price. Appraiser Kobi Bir noted that the price reflects a relatively low level compared to the real estate market in Jerusalem, especially considering the unique characteristics of the property. The opening of the embassy is considered a diplomatic achievement for Israel, especially after the renewal of relations with Colombia.
The embassy pays 17,000 dollars a month: how much did the businessman pay for the property in Jerusalem?
Source Calcalist
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