$675000/ 8br - 905m2 - BED & BREAKFAST HOTEL ON TABOGA ISLAND 30 MINUTES FROM PANAMA CITY (Taboga Island)
8BR / 8.5Ba905m2
amueblado información de licencia: PJ-08801-2011 lavandería en edificio casa
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Don't miss this great opportunity to purchase your own Taboga Island B and B hotel property located beside a tropical forest with fabulous ocean views. In a tranquil corner of the village, your guests experience tropical weather, cool breezes, and no hurricanes. A scenic 30-minute ferry ride brings you to the B and B across the Panama Canal. The current owners have built up this business for 12 years and have a built-in clientele. The entire property consists of 3 full ownership lots that have the potential for expansion or building of rental condominiums. Take advantage of this opportunity to live in the tropics, semi-retired, and run your own thriving business. SALES PRICE RECENTLY LOWERED $100,000. Contact us now!
CURRENT DESCRIPTION AND USE OF PROPERTY:
Currently, Cerrito Tropical Bed and Breakfast Lodge offers relaxed family-style accommodations, a restaurant. All rooms have a flat-screen TV and access to private or shared balconies, and include air conditioning, fans, and a private bathroom with a shower. Some rooms have a direct sea view. There is a total of six rooms/apartments (one apartment with 2 bedrooms) and a dormitory for small groups. Free WiFi access is available for guests. At B and B Hotel Cerrito Tropical you will find a tropical garden with a bohio and a roofed terrace with ocean views; A perfect area to install a swimming pool or jacuzzi. The property is a 5-minute walk from the beach. There is also an excellent bay for your own boat mooring.
The property consists of 3 lots covering approximately 905 m². Besides the opportunity the to expand the building, an investor could add condominium units. Architects renderings for additional apartments on original building including owners' residence, and architect's renderings for future condominiums on empty lot are available. Located in a good, quiet neighborhood, with 5 other tourism rental properties nearby, one of them a 5-star villa. The property is covered with pineapple plants, bananas, plantains, papaya, lime, aloe, coconut, oregano, and more. A well, plus a rainwater system, and the island's new water filtration system provide continuous pure water.
ADDITIONAL POSSIBILITIES FOR PROPERTY:
Establish the property as a fishing lodge or a combination. The location here has a lot of upside for this type of venture. The cost of fishing outings out of Panama City and exclusive Panama fishing resorts can be very expensive. At Taboga there are no mooring fees, which would cut down overhead tremendously. Consequently, a fishing lodge here could be affordable for the average fisherman. Historically, Taboga has been a fishing island and has a base of experienced local fishing guides to choose from. Furthermore, there are mooring spaces available just down the hill from Cerrito Tropical. Again, only a 30-minute boat ride brings you to Taboga. A concept that is becoming popular in Europe and large centers in North America is the "Luxury" Hostal, which gives yet another possibility for an investment.
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