- 100% guaranteed occupancy rate for at least 5 years backed by contract with Panama Canal contractors
- First completed condo hotel in Panama
- ROI of 15% after all expenses
- CASH BUYERS ONLY due to proximity of completion date
- 30/70 split in favour of owner
- No tax on return and no tax on resale
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This property is currently under construction
and is expected to be completed Nov 2009. It is a brand new
Condo/Hotel with a prime location. With this
unique development you can acquire a turn key
operation with Franchise requirements, that are
sure to accommodate the highest standards .
(Great Western).
This Condo/Hotel is located
in the area of Espinar Colon, 500 meter from the
5-star Hotel Resort, Melia Panama Canal. It is
just 10 minutes from Zona Libre Colon, the 2nd
largest Free Zone Area in the world. This Free
Zone area has estimated sales of 11 billion
dollars a year bringing along with it, 275,000
visitor/buyers per year.
The potential of this
property is huge for several reasons
including... the NEW expansion of the Panama
Canal was approved as of the end of October
2006. The location of this amazing property is
just 7 km. from the Gatún Locks on the Atlantic
Side. When the 3rd set of locks begin
construction the Panamanian government is
expecting more than 2,000 off-shore personnel
that will arrive to this area for a period of 7
to 8 years. In turn this will benefit you, the
investor, with assured monthly and yearly
rentals, to engineers and supervisors that will
need accommodations, from the trans-national
companies.
In the last Cruise season,
the Port of Cristobal and the Port of Colon 2000
received more than 340,000 tourists. This is an
amazing number but is expected to increase this
year, and even more, when the final approval to
make Panama a home port for major cruise lines
goes through. Why the information? Well, The
Condo/Hotel is located 10 minutes from those
ports. Also, the condo/hotel is located 1/2 mile
from the Gatún Lake that up to recently was the
largest man made lake in the world with abundant
Bass fishing.
This property is in the
Old Fort Gullick or Escuela de Las Americas, an
American Military Base.
Tourist Attractions are many but just to name a
few:
• Fuerte San Lorenzo
• Fuerte Portobello
• Panama Canal Gatún Locks
• Isla Grande (a surfers paradise) and many
Caribbean white-sand beaches.
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Available units |
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Studio
24m2 from $64,900 |
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Studio Kitchenette
29m2 from $75,900 |
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Studio Kitchenette Loft
29m2 from $86,900 |
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1 Bedroom
46m2 from $101,200
Master lofts
46m2 from $112,200 |
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Delivery date: End
April
2010 |
If you are interested in learning more about
this property, please feel free to ask us
specific questions or request more information.
We will respond within 24 hours. Contact us at
Sales@bridgemon.com
Oral representations cannot be relied upon as
correctly stating representations of the
developer. For correct representations make
reference to the purchase agreement and to the
documents required by section 718.503, Florida
statutes, to be furnished by the developer to a
buyer or lessee. Not an offer where prohibited
by state statutes.
The sketches, renderings, graphic materials,
plans, specifications, terms, conditions and
statements contained in this brochure are
proposed only, and the Developer reserves the
right to modify, revise or withdraw any or all
of same in its sole discretion and without prior
notice.