40% Return In One Year! Ocean Front Development
One of the last large lots to be developed.
- Make a 40% return in one year!
- Type: Commercial
- Style: Single Story
- Bedrooms: 134
- Development Level: Built
- Lot Size: 15000 sq. m.
- MLS #: L-8012-C
This project is a conceptual real estate project to be developed on one of the last beachfront lots of Cabarete, Dominican Republic.
The land has 15,000 m2 (3.75 acres), with 86 meters of beachfront (275 feet beach). It is located 1.6 Km (1 mile) East of the town center. The project consists of 110 rooms condos, which can be divided up to 75 keys (20 studios with 83 m2 each, 20 one bedroom condos with 113 m2 each, 20 two bedroom condos with 184 m2 each and 15 two bedrooms penthouses with 245 m2 each) for a total of 11,276 m2 space to be sold.
Because the condos design is flexible, studios, two and three bedroom condos can be adjusted depending on market demand. The project foresees a limited condo hotel operation once it is finished and among the amenities are a reception, gym, laundry room, pool, solarium, beach bar and restaurant.
All approvals and permits are in place to build immediately. A very conservative business plan demonstrates a 40%ROI.
The current owners will consider JV proposals providing potential JV partner can provide cash for the build. Owner requires one half the land value ($1,750,000) plus construction cost. With partnership based proportionately on investment.
You have come to the right Broker. There are some very pushy agents here. I never try to push a sale. I simply show you properties you are interested in. I will take all the time necessary and I will tell you the pros and cons of each place. Also I am happy to call you and answer any questions. Be aware. The majority of "agents" here have had no formal training. I was trained and licensed in Canada before coming here. I have been selling paradise here for 14 years. Prestige is known for integrity and experience. I should mention that when you see an agent listed as an Area Expert it means nothing - except that they paid a couple hundred dollars to get that title on a site. I have seen some of the newbies who know less than nothing listed as area experts.
Picking the right agent is where it all starts! I know most buyers contact various agents. You need just one serious agent who is dedicated to you. I can show you any property you see on any other site. Send me the links or URL.
Are you looking to retire here in the winters? Rent when you are not here?
When can you come for a look? Stay with us at my hotel when you visit. I will be here to answer all your questions and show you around. http://www.casablancacabarete.com/
You need an agent with experience and training. I have been here 12 years and was trained and licensed in Canada. Most agents have no training.
Please send me your phone number and a good time to call.
William Oosterman “Your agent in the No Snow Zone” 809-935-0809
Brokered and Advertised by :
Prestige Dominican Realty
Information is deemed to be correct but not guaranteed.