Make an offer on this beautiful resort, just 40 minutes from Panama City and minutes from some of the most popular beaches in Panama. Offered at $1,700,000, it has 12 homes/rental units already built. There are lots for another 20 homes to be built which can be kept and rented out for a rental income or sold and placed in a rental program. A motel complex or apartment buildings could also be constructed to vastly expand revenues.
There is also a social area including a Classic Rock bar and restaurant, Pool, gym and five commercial shops. The plan for a 10 room motel complex has also been approved on the property.
Seller is highly motivated.
Included in sale:
•3 corporations which include one for the ownership and construction of the property, one for the business of the resort and one for the bar
•1,579 square meters of commercial construction of social area
•Business license for construction business
•Business license for bar etc
•Gym and equipment
•Bar with equipment
•5 commercial units for rental
•Area for restaurant and kitchen
•Outdoor showers and bathrooms
•20 lots for building homes, 8 with approvals for second phase
•Large covered area suitable for banquets, conferences and weddings adjacent to pool area
•Video for sale of homes currently
•Plans for 10 motel units with roof and floor already existing
•Construction of other 20 homes estimated at ROI of 100%, 12 existing rental units
This resort is a very intimate gated community situated only 40 minutes from the City of Panama and only 10 Minutes from some of the most desirable white sand beaches in Panama. There is a rental program offered with the purchase of these 65 to 111 square meters homes situated in a community that offers only 30 of these one or two bedroom units for sale. Your surroundings within this gated community include: a bar, gym and a large pool. A restaurant, spa, and 5 shops along with daily shuttles to the beach, deep sea fishing tours, and ATV rentals. Golf, banking, medical and major shopping are located just 10 minutes away.