Historic Building On A Historic Street In Yafo

For sale 2 floors in a historic preservation building 100 meters from the beach.

The property is around 280 sqm: In the land registry (tabu) it shows 3 apartments that will be sold altogether. Currently, the property is divided into 5 units that are rented at an annual yield of around 2 %.

Location:

One hundred meters from the sea promenade and the beach.
A short walk to Neve Tzedek, the American Colony, the Railway Park (Park HaMesila), Jaffa Port, and two light rail stations (Salame and Elifelet).

About the House:

It was Built in 1907 by Maurice Sheinberg, a watchmaker, goldsmith, a member of the ”Freemasons” society, and an entrepreneur. Sheinberg was a partner in the planning and construction of the famous Clock Tower in this street and also built there six houses and seventeen shops. Over the years, only three houses survived, including this one. 

About the Street: 

In the mid-nineteenth century, during the Ottoman Empire, a surprising collaboration between Arab Christians and Sephardic and Ashkenazi Jews led to the construction of the first commercial street outside of Old Jaffa.
On the route of the historic road from Jaffa to Nablus and Damascus - Bustros Street (the original name of the street) was the connecting axis between Jaffa and the city of Tel Aviv, which was founded later. 

There are several historical landmarks, among them: The railway that carried wagons to transport goods from Jaffa Port, the Clock Tower in the square, Sursock House, and a street lamp post that was connected to the electricity grid of Pinchas Rotenberg in Tel Aviv in 1923.
Today, the area has a vibrant urban atmosphere with small artisan shops, boutiques, studios, coffee shops, restaurants, beaches and maritime activities.

The price is NIS 20,000,000

For more information contact us.