Oceanfront Resort – Fixer Upper

Since 10 years, this small beach resort was closed and unused at the beach of Sabaneta and is waiting for a new owner which brings this little resort back to life.
A complete renovation is necessary since the buildings are partly already very decayed.

The facility consists of several individual buildings.
With a direct view to the beach is a completed apartment with three bedrooms, two bathrooms, a living room with an open kitchen and balcony. Below are three residential units planned as hotel rooms.
In further two-story buildings, there are 4 further hotel rooms as well as four apartments with one and two bedrooms.
Furthermore under construction, a garage, a restaurant, a bar with a sun terrace, an open, covered billiard room, and an administration building.
According to the present and approved plan, three more buildings can be created.
The purchase price refers to acquisition to the current state.
Financing is possible with a down payment of 50% and an interest rate of 8% for financing up to max. 3 years.
Directly adjacent is another 14,000m2 beach property available for $ 75, -US / m2.

Distance To:

Airport: 40.0 km (24.84 miles)
Supermarket: 5.0 km (3.11 miles)

Surrounding Area:

The property is located apart from the tourist centers at a quiet and unaffected nature beach. Approach from the main road approx. 5 km on well developed and newly paved road.