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B/.899,000

(USD 899,000)

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Development
For Sale
Pajonal
Panama

Property Information

Location: Punta Chame
Price $699,000.00
Price/m2 of construction $55.92
Spaces 20
Bathrooms 10
m2 12500
Lot Size 0
Parking 20
Benefits Near Traffic , Guest Parking , 24
hour Security , Meeting Room
Technical Benefits Telephone line ,
Generator , Water Tank
Description

Price has been reduced to again to for 30
days to $699,000 from $899,000 for a quick
sale !

We have a resort in Panama that we are
interested in selling. The property is valued
at $1,200,000. There are 7 homes already
built and sold on the property which are
currently in the rental program.

There are two options for further
development on this property.
1.Lots for another 20 homes to be built
which can be kept and rented out for a
rental income or sold.
2.Lots for another 8 homes and property for
48 motel units consisting of four buildings 3
storeys high with 12 units in each building.

There is also a social area existing
including a Classic Rock bar and
restaurant, Pool, gym and five commercial
shops. The potential to make more than
double on the investment is good. Pictures
of the property including the social area
and one of the homes furnished. We also
have other developments available for sale
and/or shares for other potential investors
who may be interested.

Here is what is included in the resort in
Panama:

-3 one-bedroom, fully furnished homes OR
we will build 10 one-bedroom motel units
- 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
- 1700M2 commercial construction of social
area
- Business license for construction
business
- Business license for bar etc
- Gym and equipment
- 75`X27` pool
- Bar with equipment
- Restaurant
- 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
- Rental program with owners of 7 existing
homes with 70-30 split. (70% to owners
30% to resort owner)
- Projection of 20 homes estimated at ROI
of 100% or 8 homes and 48 motel units

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