Panama all in one

Asking Price: $48,000 - $108,000 USD (Financing Available)
Rent: $1,200 - $2,100 USD per month

This property is currently under construction and is expected to be completed in December 2007. It is a brand new Condo/Hotel on a prime location. With this unique development you can acquire a turnkey franchised operation accomodating to the highest standards.

This Condo/Hotel is located in the area of Espinar, in the province of Colon, 500 meters from the 5-star Melia Panama Canal Hotel & Casino and just 10 minutes from the Colon Free Trade Zone, the second largest in the world. The Colon Free Trade Zone area has annual sales of 11 billion dollars attracting 275,000 visitor/buyers per year.

The potential of this property is beyond belief. Why? The Panama Canal project expansion was approved at the end of 2006. The property is located just 4 miles from the Gatun Locks on the Atlantic Side. When the project begins more than 2,000 off-shore personnel will arrive to the area for a period of eight years. In turn this will benefit investors, with almost guaranteed monthly and annual rentals from suppliers staff engineers and supervisors from that will require lodging.

During the 2006 cruise season, the port of Cristobal received more than 340,000 tourists. This large number is expected to increase year to year, and even more, when the final approval is received to make Panama a home port for major cruise lines. Why is this information valuable? The Condo/Hotel is located 10 minutes from the port. Also, the condo/hotel is located 1/2 mile from Gatún, the largest artificial lake in the world with abundant largemouth bass fishing.

This property is located in Fort Gullick or School of the Americas, a former U.S. military base. There are many tourist attractions in the area. To name a few: Fort San Lorenzo, an old Spanish fortification, Portobello, the Panama Canal Gatun locks, Isla Grande (a surfer's paradise) and many Caribbean white sand beaches. Located in the bird watching path for migratory birds and great ecotourism.

DONT MISS THE OPPORTUNITY TO INVEST IN PANAMA, THE PATH LESS TRAVELED

Units

Small Studio- 24 m2- $ 48,000- 38 units available
Studio Kitchenette- 29 m2- $ 58,000- 64 units
1 bedroom- 46 m2- $ 92,000- 20 units
Master- 54 m2- $108,000- 19 units

All complete with kitchen

Method of Payment:

Reserve a unit with $1,000, 30 day money back warranty. Receive a $1,000 travel voucher to visit the project and close the deal. (This voucher will be discounted from your condo price at the time of purchase).

1st option Cash purchase: receive a 10% discount on your condo
Pre-construction phase until January 31, 2007.
If you buy 2 or more units cash you get a 15% discount
Pre-construction phase until January 31, 2007.

2nd option 30% Down Payment and balance at closing (with a local bank)
Pre-construction receive a voucher before Jan 31, 2007 for 5% good at
closing

3rd option Receive financing from the developer with a 5% down payment and 24 monthly installments at 0% interest rate*

*If you make your monthly payments on time on the first 10 days of the month you will receive a 2% discount voucher applied to your last payment

IMPORTANT NOTICE THE DEVELOPER WILL INCREASE $1,000 PER MONTH ON EACH UNIT STARTING JANUARY 31, 2007 UNTIL COMPLETION, ON DECEMBER 2007 SO YOU CAN EXPECT A $12,000 GAIN ON YOUR INVESTMENT DURING PRESALE.

Use your unit as a second home for vacations and just pay the maintenance fee and the hotel fee if you want the cleaning service and just sit back and collect revenue while you don't use it. The rental management fee is 30% The maintenance fee will be $2 per m2 per month to replace furniture, fixtures and equipment in your unit. This also will take care of your cleaning fee.

DONT DELAY PANAMA IS A HOT MARKET!

COSTRUCTION DRAWINGS AVAILABLE TO SERIOUS INQUIRIES ONLY.

Features - Amenities

Furnished
Appliances
Laundry Room
Studio Room
Pool
Gym/Spa
Patio
Cable TV

141 Units
Concierge
Lobby Bar / Pool Bar
Jacuzzi
Barbecue Area
Washer/Dryer Rooms
Ice Machines
Elevator

Power Generator
A/C Rooms
Internet Connection
Brand New Under Construction
Delivery December 2007
Franchise Standards
Developer Operated
Surrounded by tropical rainforest

Hotel/Condo For Sale in Colon, Panama

Best Western Zona Libre Colon Condo/Hotel For Sale