For Sale, Just Listed, Reduced Price $6,950,000.00 - Hotel, Investors and Developpers, Land / Lot
Project Description
A gated community with monitored security, emergency energy generator and water treatment plant.
The Cliffs will be marketed in the Dominican Republic, Russia, Eastern United States, Canada and France. The project will benefit from the country’s tourism fiscal incentive (15 year tax exemption) and the foreign retiree incentive. A luxurious real estate tourism complex, strategically located at Rio San Juan, Dom. Rep., operated by Desires Hotels and affiliated to Interval Gold, world leader in fractional ownership. Consisting of top-quality villas and luxury condos ( 1, 2, 3 bedrooms and penthouses) with breathtaking ocean front views in addition to commercial lots. Complemented by large pools, Jacuzzis, spa-gym, tennis courts, equestrian center, kids’ playground, jogging trails, restaurant/bar on the ocean, a reception and minimarket.
Distinct Location Rio San Juan belongs to the “Green Coast” of the country, with one of the most stunning landscapes in the entire Caribbean. Its fertile soil and year round pleasant climate, make this area rich in exuberant vegetation, endless blue ocean coasts and home to extremely warm and hospitable locals.
Within minutes one can enjoy:
- Playa Grande Golf Course, considered the Pebble Beach of the Caribbean (1km)
- 6 breathtaking beaches (5-15 minutes away)
- Waterfalls and underground fresh water lakes
- World class snorkeling and scuba diving
- Ocean and river fishing
- Endless trails for horseback riding, cycling and hiking The Cliffs by the Ocean Rio San Juan, Dom. Rep.
Existing Scenario
- 3-four star hotels within minutes
- Luxury Resort on 1150 hectare underdevelopment
- Various luxury residencial gated communities
- Privately-owned luxury villas • New developments in process
Lot Description Size: 98,000 m2 = 25 acres
Characteristics: 250 ocean front lineal meters with spectacular high cliffs. Flat solid terrain with fertile soil and tropical vegetation. On the highway with electricity, water, and telecommunications onsite.
Proximity to Tourism destinations: Puerto Plata-Sosua-Cabarete (East 1 hr) & Samana-Terrenas (West 1 hr) Int’l Airports: Samana (45 mins), Pto. Plata (1hr), Sto. Dgo. (2 hrs), Santiago (1.5 hours). Towns: Rio San Juan (5 mins); Cabrera (10 mins); Nagua (30 mins) Major cities: Santo. Domingo (2 hrs); Santiago (2 hrs)
- Financial Data Sales Forecast: U$62 MM
- Total Investment: U$42 MM Net
- Profit: U$20 MM
- Bank Financing: U$5 MM
- Time for completion: 4 years
Business Strategy The Cliffs by the Ocean will be the first real estate tourism project to be built in the area of Rio San Juan-Cabrera with such a professional and organized concept, following the strictest norms of conservation and preservation of the locale. The project will be developed based on the initial investors’ capital in addition to that generated by the presales. Therefore, in order to rapidly increase demand, the sale prices will be established below the average in the market and founders will have the opportunity to receive special and attractive offers. Shareholders Northcoastline Enterprises is a Dominican company offshored in Panamá. The Board of Directors is conformed by four Dominican and North American investors, with 30 years of experience in the real estate tourism sector, and valuable contacts.
