GREAT OPPORTUNITY FOR CASH FLOW INVESTMENT OR DEVELOPER SEEKING A PROJECT!
Commercial property with a million dollars invested with infrastructure and room for expansion/development. Earn money while expanding this unique one of a kind eco-concept consisting of 7 luxury individual 1 bedroom units and additional 7 completed foundation platforms. Existing units are turn key and fully furnished and equipped with a kitchenette, outdoor sitting area, ensuite bathroom, private balcony/terrace, in and outdoor ceiling fans and A/C, surrounded by jungle and mostly shaded by big trees only minutes from beaches and attractions. The property comes with a functioning website which draws a lot of interest and steady cash flow.
The core of this eco-friendly property focuses on lifestyle in sync with nature, featuring birdwatching and outdoor living in a tropical jungle surrounded by mountains, beaches, rivers and nature.
Currently operated as individual vacation rentals it is popular with international travelers, singles and couples alike, it's also great for family reunions and tourism groups, maintaining excellent reviews on the most popular booking sites. The property's uniqueness and design allows for investors and developers to choose what type of business they wish to attract wether it be a full service luxury lodge, retreat, condotel, vacation rental or private residence, the options are endless. Minimal investment to complete the project into 14 income producing units. Name and website included, with an repeat client network and recent partnering with an established European travel agency.
Located in a popular expat village and tourist destination on a ridge above Ojochal town, at an elevation which provides gentle cool breezes with quick easy access to town, the coastal highway, miles of untouched beaches, fabulous restaurants, adventure and sightseeing tours. With it's unique design and features the property is bound to become a top destination for tourists visiting the area.
Views offered – Tropical gardens, jungle and mountain views with glimpse of the ocean. The property offers mature landscaping with a variety of tropical flowers and producing fruit.
Detailed designer plans for future development to include more units, swimming pool, restaurant, reception and landscaping have already been designed and is included with the sale.
In addition there is room and options for building a caretakers house and/or single family/owners home with own entrance and garden.
Water & Septic System:
The project is being offered in as is condition excluding any business licenses which may be required for future development yet easily obtainable with the property's existing rights to Commercial Use obtained from the Municipality.
The property includes 7 fully equipped turn key rental units, 7 empty lots "foundation platforms" to be completed with new units all connected with the existing above ground walkways, 20ft Container used as Storage/Dry Room with own electrical, digital designer plans and drawings which includes landscaping and construction designs that cost thousands of dollars and months to develop.
Price will include the current website/booking system if the investor wishes to continue making use of cashflow generated from rentals with all current and future bookings already received plus possible partnership with european travel agency providing steady group reservations throughout the year.
2. Project Completion:
Projected cost for completion of additional 7 units, swimming pool, optional restaurant, guest area and a small caretakers home have been calculated at $300k - $350k
The project can be completed in stages without loss of revenue if so needed. Current annual revenue potential $70k - $90k with 7 rental units which could essentially fund the completion of the additional 7 units. Constructing the restaurant could ensure an additional income by renting/leasing or running it as part of the current business that could be very profitable.
Based on current occupancy rates the total income revenue would triple after completion, while the completed project resale value would essentially be worth double of total sum invested.
3. Projected Income Revenue:
Once completed the 14 income generating units would provide a substantial return with an projected return upwards of 30% from your total investment in the first year - based on current occupancy rates.
As demand for accommodation in the region is growing annually with good marketing and advertising the business could essentially see increased revenue of 10% annually.