Private Investor 58 Condos Beach Project Opportunity – Provaltur

Property Details

Private Investor 58 Condos Beach Project Opportunity - Las Terrenas - Samaná

  • Portillo, Samana, Las Terrenas, Investor, Distressed property, Condos development, High Return, Beach front, Ocean front
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For Sale $6,254,657.00 - Investors and Developpers, Land / Lot
OPPORTUNITY for INVESTORS!

UNIQUE FEATURES

  • High ROI
  • Sells Project for USD 6.2MM
  • USD 1.4MM to finish 1stPhase and condos sells minimum for USD 8.260MM ( at prices below average area )
  • 2 Phase ( 30 condos ) will sale for USD 8MM more
  • Company debt free, no staff, and free to complete the work in progress without bond with construction companies
  • No commitment to purchasers of apartments
  • Guarantee that there will be no liability or contingency at the date of the signing of the purchase
  • Titles separated, cleaned land land demarcated : 17,809.85m2  plus 3,298 m2 of prime development and beach, for a total of 21,107 m2 between projects Balcones del Atlantico and Portillo Beach Resort
  • Project with all permits, authorizations, classification: Confotur , Environment, Marina, Public Works , City Council and no Objection Tourism

DETAILS

Owners wishing to sell the company, its buildings and lands

1st Phase can be completed in 7 months. Need only around USD 1.4MM or less (includes Beach Club, Common Areas and Reception + Finished 28 apartments – Phase 1)

It has no debt, no owners of condos or banks or taxes and of course guarantee to be so.

The beach is among the most transparent luxurious, calm , wide and clean in all Terrenas. Great swim.

The buying opportunity :

  • Company debt free, no staff, and free to complete the work in progress without bond with construction companies
  • No commitment to purchasers of apartments
  • Guarantee that there will be no liability or contingency at the date of the signing of the purchase
  • Titles separated, cleaned land land demarcated : 17,809.85m2  plus 3,298 m2 of prime development and beach, for a total of 21,107 m2 between projects Balcones del Atlantico and Portillo Beach Resort
  • Project with all permits, authorizations, classification: Confotur , Environment, Marina, Public Works , City Council and no Objection Tourism

The value of the work done to date could be appraisal by an experienced company at the time of the negotiation and the land value is well below the average for sale in the area.

It is a project that being very conservative in prices and costs ( prices below the market average and competition ( at 300m from Balcones and 500m from Portillo Beach Resort), could projected a big return and benefits in short term.

The owners could offer a payment form according to the necessary investment and time required for construction of the first phase .

For more information contact Provaltur International by writing to: cherrera@provaltur.com or call 829-4730000

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