1 196 182 €
1 196 182 €
Sale price | 1 196 182 € |
Price per square meter | 1 087.44 € |
Floor area | 1 100 sq.m |
Construction phase | Resale |
Number of storeys | 4 |
Address | Dominican Republic, Punta Cana, Bavaro, El Cortecito, Chateo del Mar |
Investment project in Punta Cana
Investment offer.
Four-story block with 8 apartments in the community of Hotel Château del Mar Ocean Villas consisting of 20 apartments. The whole staircase is offered.
On the first three floors there are 6 two-bedroom apartments. On the fourth floor there are two duplex penthouses with 2 bedrooms.
The two-bedroom apartments have the following structure: living room, kitchen, two spacious bedrooms, two bathrooms, a balcony. Area 120-122 m2.
The penthouses consist of two bedrooms, a living room, a kitchen, two bathrooms, a balcony on the first level, and a large open terrace with stunning ocean views on the second level. Area - 185 m2
4 apartments on the first two floors are ready for rent.
2 apartments and 2 penthouses require major repairs. On the terraces of the penthouses there is a prepared place for the installation of a Jacuzzi.
The staircase requires redecoration.
Hotel Chateau del Mar already has a stable reputation in the rental market on sites such as, Expedia, Airbnb.
The hotel has great potential in the rental market due to its strategically advantageous location in the heart of the tourist area of Bavaro Punta Cana - El Cortecito area. Just 50 meters away is the famous Los Corales Beach with many beach clubs with sun loungers for relaxation and restaurants. Within five minutes’ walk, there is a developed community with shops, cafes, pharmacies, beauty salons, etc. Within a 20-minute drive away are large shopping and entertainment complexes such as Palma Real Shopping, Down Town Mall, San Juan you will find the International School, Punta Cana International Airport and Blue Mall.
The hotel is fenced and guarded 24/7. For the convenience of guests, the hotel has a swimming pool, sun loungers, a bar and a reception.
Call for more information!
The total cost of a block of 8 apartments is $ 1,300,000. USA
For a full launch of the block, the following investments are required:
1) Cosmetic repair of the entrance - 3000 dollars. USA
2) Cosmetic repair and decoration of the existing 4 apartments - 30 000 dollars. USA
3) Overhaul, furniture, decoration of 2 apartments and 2 penthouses - 150 000 dollars. USA
Financial performance:
- Rental of six two-bedroom apartments 3000 dollars. US * 6 = $ 18,000 / month
- Lease of two penthouses 4,500 USD; * 2 = 9,000 USD / month
The total amount of rent per month - 27 000 dollars.
Costs of small expenses and administration - 20% of the cost = 5,400 dollars. US / month.
Taxes 27% of profit - 7290 USD per month
Total net monthly income - 14 310 dollars. USA