Tropical Marina & Beach Resort,in Panama,investment property.
Prices from USD $323,430
Ref: sig 1
2 Bedroom(s), 2 Bathroom(s) |
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Tropical Marina & Beach Resort
A Marina with 20 Moorings
Portobelo Panama
Fully furnished
Price: from $323,430
Mortgage to be 70%
On one of the most beautiful white beaches in Panama, this unique investment project consists of 20 Bungalows situated on the reef and two five-floor Apart-Hotel Buildings. The units will include just 10 Penthouse and 55 Suite apartments to be managed exclusively by an international hotel operator.
The development will be built as a fully furnished turnkey project prepared for rental management by the hotel operator. Investors will enjoy participation in the Apart-Hotel’s investment pool and profit sharing will be distributed in proportion to the number of units each investor owns.
Investors will also enjoy many other incentives and benefits granted by the Republic of Panama in which tourist activities are promoted. These include, but are not limited to, Income Tax Exemption for 15 years and Real Estate Tax exemption for 20 years.
Feasibility Study:
On the Caribbean side of Panama, between the entrance of the Panama Canal and the historical village of Portobelo, this "First Class" Marina & Beach resort in an absolutely fantastic location:
This Marina & Beach resort development consists of:
• 18 Bungalows situated on the reef with 64 bedrooms & suites.
• Two 5 floor Apart-Hotel Buildings with 64 one and two Bedroom suites with one underground parking space per apartment. 28 Bedrooms and 6 commercial units.
The distribution is as follows:
4 two bedroom 178.24 m2 Penthouse apartments
6 two bedroom 173.57 m2 Penthouse apartments
32 two bedroom in various sizes 144.82, 127.86, 124.24 and 107.81 m2 Luxury suites apartments
22 Two unit’s one bedroom each at 119.69 and 44.75m2 Luxury suites apartments
All of the above to be managed independently by the proprietors under the umbrella of the Apart Hotel if the investor so wishes.
No to be included within the operation of the Apart Hotel are 6 Bedrooms and the 6 commercial units.
The profit sharing of the 128 apartments in the investment pool will be distributed in proportion to each investor after annual expenses. The calculations are based on an annual occupancy level of 100% and 60%. Rental will be 48 weeks annually, which leaves 4 weeks to be used by the investor. If the investor chooses not to enter into the umbrella of the Apart-hotel a management fee will be charged as set out in the Budget of this feasibility study.
On this spectacular beach the resort will have a Marina with 20 Moorings, Restaurants, Swimming Pool, Beach Bar and Spa. It will offer all kind of activities including first class diving and Sport-fishing.
The development will be build as a turnkey project fully furnished and prepared for the Hotel Operator.
Investors shall also enjoy the incentives & benefits obtained from "Law No 8" granted by the Republic of Panama in which tourist activities are promoted. These benefits include, but are not limited to Income Tax exemption for a period of 15 years and Real Estate Tax exemption for a period of 20 years. For a complete view of the benefits offered by Law No 8, see Appendix
Payment Terms are 10% on reservation, 20% at signature of the purchase agreement upon commencing of the construction and final payment is due at takeover.
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