| Sell Price: |
|
4200000 |
| Location: |
|
Cabarete-Gaspar Hernandez Expressway
Cabarete
Sosua
Puerto Plata
Dominican Republic |
| Property Type: |
|
Resort |
| Property Details: |
|
This vacation resort is located at the heart of beautifull beaches of cabarete, Sosua, in the Northeast region of the Domincan Republic. The beaches of Cabarete are famous because of its beauty and winds throughout the whole year. Its the perfect place for people who enjoy water sports such as surfing, windsurfing and other water sports. It's an enchanted place where you can rest, relax or be active all day long. This complex counts with a total of 97 bungalows of 35.36 Mts2 each and 54 one bedroom apartments of 30 Mts2 each. Three swimming pools, Two tennis courts, children's club, two sports bars, parking area, peatonal roads, garden areas, a restaurant that can acommodate over 600 people at a time. The beaches are only 5 minutes away and it counts with all types of services such as electric, water, sewage treatment plant, two electric generators of 550 and 650 Kilowatts in case of electrical failure plus all types of services. The total land area of the project is 26,883.00 Mts2. The resort has not been in operation for the last two years therefore it needs renovations but most of it is cosmetic such as ceilings, kitchens, etc, etc. The idea is to have the property converted into condominiums and sale them individualy to interested buyers and investors. There are other similar projects already in the area and many others are developing. Once renovated, we estimate that each bungalow will sell for aproximately US$200,000.00 and each apartment will sell for aproximately US$100,000.00 each. This is a great opportunity for investors who wants to multiply their investment in a short period of time because you can start selling right away and get your return of investment almost inmediately. Its only 25 minutes from Puerto Plata International Airport and about 20 minutes from Sosua Beach. Title and ownership are free and clear and are available for your review upon request. Asking price is US$4,200,000.00 (Or bestt offer) |
| Date Published: |
|
04-Aug-2008 |
| Date Updated: |
|
19-Aug-2008 |
|

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Ralph Nunez
Contact now
Phone: 347-272-9590
(Cell)
Fax: 347-269-7459
Phone: 829-905-6729
(Dominican Republic)
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|
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