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1 196 182 €

Investment project in Punta Cana, Dominican Republic, 1 100 sq.m

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  • Investment project in Punta Cana, Dominican Republic, 1 100 sq.m - picture 1
  • Property ID on Prian.info: 3223364
    Property ID on company's website: 350604011
    Last update: 18.04.2022
    Number of views: 719

1 196 182 €

Investment project in Punta Cana, Dominican Republic, 1 100 sq.m

1100 sq.m

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  • Property ID on Prian.info: 3223364
    Property ID on company's website: 350604011
    Last update: 18.04.2022
    Number of views: 719

Specifications

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

Description

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


Representative

Natalia Sevostyanova
Broker
Languages: english, spanish
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