Paradise for a private home, or a commercial operation.

Spectacular mansion/hotel on the pacific coast, San Juan Del Sur, Nicaragua. Located in the middle of the bay, one block from the beach. 7 bedrooms, 7 bathrooms, large swimming pool with swim-up bar, jacuzzi, 185 satellite tv-channels, broadband internet, air conditionings, big ice machine, barbecue area, secure parking, etc, and one of the most magnificent views money can buy. Built in 1997. Has a huge diesel generator for backup power. (Byers who consider opening a small hotel can, if investing an additional £25k in constructions (minimum amount required to qualify), apply for national tourism incentives witch grants you 80-90% income tax reduction and no real estate tax for a period of 10 years.)

Law No. 306 Decree No. 89-99" The government of Nicaragua offers incentives under the Tourism Investment Act. These incentives relate to taxes, both present and future. For a detailed brochure available in English or Spanish, please contact: Nicaraguan Institute of Tourism P.O. Box 5088 Managua, Nicaragua Phone: 505-222-4334 , Fax: 505-222-6610

The Tourism Incentives Law, which grants special incentives to the tourist-oriented industry allows:

• 80% to 90% income tax exemption, depending on the type of activity.
• Total property tax exemption for a period of 10 years.
• Sales tax exemption on building design and supervision contracts.
• Import and sales tax exemption for 10 years on design and construction materials and equipment.
• Import and sales tax exemption for 10 years on furniture, equipment, vehicles, and accessories.

 These benefits can be prolonged for an additional 10 years if the applicant reinvests an amount equal to or greater than 50% of the initial investment (in this case 50% of £25k).

The title is clear and there is no mortgage on the property.

There will not be any costs related to brokers.

Attention: please provide phone/cellphone when contacting us, as we have experienced problems replying to a few e-mail adresses.

 If you want to call me on skype, my username is: jenssundet