Punta Cana Real Estate
 
La Costa Destinations International Realty

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Sosua (Puerto Plata, DO)
$750,000
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La Costa Destinations International Realty
Dominican Republic Real Estate For Sale


Scott Medina
 
Scott Medina
Email Scott
 
Phone: +1.829.341.4532
 
Details

Address: Plaza Europa, Sosua Type: Commercial Style:  Lot Type: Corner
 
Description

A new appraisal ( Nov 6th. 2009 ) shows the total value of the Hotel is US$ 1,844,008.39.

The hotel exist for 13 years now under the same owner and most of his staff is working there al that time.

The hotel has separate titles for all thats left for sale; 36 condominiums, the swimming pool area, the Jacuzzi area, the restaurant, the nightclub and the laundry.
They have renovated the restaurant in June, they split of a small part that will serve as a take out and made a new entrance for the restaurant/bar, through the street and through the hotel, they placed windows everywhere so while sitting in the restaurant the noise outside would not bother the clients anymore, both kitchens are fully equipt (professional) and after a paintjob they opened the restaurant in December 2010.

The nightclub has an entrance through the hotel and also from the street. ( still closed )

The hotel had 55 condominiums of which 20 have been sold, most of them are rented out in the season because the owners won't have to pay maintenance fees then for the whole year ( so he sold them, but still rents them out )

The restaurant can be sold separate for US$ 170.000or leased out
The nightclub can be sold separate for US$ 80.000 or leased out.
The 1 bedroom condominiums, there are 27 of them ( 44 M2 ) can be sold for S$ 34.500, 5 Junior Suites can be sold for US$ 40.000 and 3, 2 bedroom condominiums ( 60 M2 ) can be sold for US$ 48.000 and 1, 3 bedroom can be sold for US$ 75.000 which must be possible within 2 years.
Done that you can still operate a 55 room hotel on which you can make a profit.
Partly ownerfinance available for the right candidate

Amendeties:
Closed community
Security 24 h
Electricity 24 h
Furnished
Telephone / Internet
Aircondition
Cable TV
Warm water 24 h
Pool
Outdoor jacuzzy
Reception 24/7
Administration
Wireless internet
Electronic safety box
 
Features
Interior Features
▪ Ceiling Fan ▪ Hot Tub / Spa ▪ Laundry Room
Appliances
▪ Double Oven ▪ Dryer ▪ Freezer
▪ Garbage Disposal ▪ Generator ▪ Indoor Grill
▪ Microwave ▪ Oven Range ▪ Refrigerator
▪ Refrigerator - Bar ▪ Stove ▪ Washer
Exterior Finish
▪ Stucco
Cooling
▪ 3+ Window / Wall Unit
Roof
▪ Spanish / Clay Tile
Lot Features
▪ Swimming Pool
View
▪ Downtown
Extra Features
▪ Balcony ▪ Cable Available ▪ Controlled Access
▪ Furnished ▪ High Speed Internet Available ▪ Lobby
▪ Security Guard on Duty
Brokered and Advertised by:   ImmoMexx - Group P2#21246297
 

Brokered and Advertised by SCOTT MEDINA, http://www.GoPuntaCanaRealEstate.com. THIS IS NOT AN OFFER TO SELL OR SOLICITATION OF OFFERS TO BUY, NOR IS ANY OFFER OR SOLICITATION MADE WHERE PROHIBITED BY LAW. THE STATEMENTS SET FORTH HEREIN ARE SUMMARY IN NATURE AND SHOULD NOT BE RELIED UPON. A PROSPECTIVE PURCHASER SHOULD REFER TO THE ENTIRE SET OF DOCUMENTS PROVIDED BY THE DEVELOPER AND SHOULD SEEK COMPETENT LEGAL ADVICE IN CONNECTION THEREWITH.



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