Asking Price: $715,000 negotiable
Contact Us for More Detailed Information
Property Information:-
Property Size:- 1,868 square meters
Water Frontage: 28 meters
Year Built:-
- Pink House – 1989
- Owners Home – 1997
- Orange House – 2007
- Purple Houses – 2009
Title Paperwork submitted for the property six months ago.
Asset Summery:-
- 5 Fully furnished and equipped rental buildings including refrigerators and cookers, televisions and cable
- Hot water facilities in all buildings
- All bed linens and towels
- Washing Machine and Tumble Dryer
- Drinking rainwater collection system with 55 gallon tank
- Two water towers with four 1,100 gallon tanks
- 2x Septic systems
- 2x Boat dock (1x with boat lifting facilities)
- 3 Bicycles for guest or personal use
- High Speed Internet facilities for both the business and private service (2 independant telephone lines with high speed internet)
- Cable Television
- Multiple Tools and Hardware
- 2x Kayak for guest and personal use
- BBQ for guest and personal use
- Website with Established Marketing Campaign
- Numerous Extras – all you need is your toothbrush!
The owners are willing to help with a cross over transition period, making introductions to suppliers and local businesses as well as a supportive local and ex-pat community.
Asset Breakdown
Profitable Hospitality Business. Take advantage of this established, vacation rental opportunity in the sought after Bocas del Toro Archipelago in Panama. This opportunity includes three quality American style constructions which are presently being rented with an occupancy rate of over 80% all year round. They produce an income which would satisfy anyone looking for the idylic island lifestyle. To the rear of the three rental units is a spacious entertainment garden with Bbq facilities. The business is actively marketed and more information on the accommodations along with rates charged can be viewed at Over The Water Rentals as well as on Airbnb
In addition to the three rental properties which are located on one of the three land lots included in this sale, there are also two more additional homes on the center lot and a further single home on the final lot. All three lots have water frontage and are being sold as a single unit, due to paperwork being completed on the titling of this project as a single business venture. There is boat access from the front and road access to the rear of the property. It is located in Saigon bay which is within walking distance of the town, yet also close to the beach. Taxi service from town to your front door is just 60c.
The business is presently being operated by a management couple who live on the center lot in the home that overlooks the water. This property has a natural thatched roof which is one of the last properties on the islands to be allowed this classic roofing option. All new constructions wishing to have a thatch roof design are required to make use of synthetic thatch roofing. This property has been grandfathered in, to continue using authentic thatching.
The center lot has an additional house on the road side which is being rented out on a long term basis and is a fully equipped and furnished two bedroom home with single bathroom. There is also a large bodega and garage to the rear of this center lot which houses a wide range of tools, sporting equipment and motor vehicles
The final lot contains a simple Caribbean structure which is also being rented on a long term basis and is fully equipped with three bedrooms and one bathroom. The final lot also contains a boat dock with manual water lift and has it’s own rear garden.