60-Unit Resort Hotel near Cabarete in the Dominican Republic (Ideal for conversion to Condos)| Property Group | Commercial | | Property Type | Hotel or Resort | | Lotsize | 10500.00 sq/m | | Restricted Subdivision | NO | | Waste System | Septic | | Price | US$ 1,470,000 - per Year |
| | Location | Cabarete | | Nearest City | Jardin Deportivo |
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This well-maintained Resort Hotel is situated at the north coast of the Dominican Republic only 3km from the famous windsurfers' paradise of Cabarete. The hotel is under German management and its facilities of 60 rooms are situated around a beautiful enchjanted tropical garden and 2 pools.
Detailed description of project
Lot size: approx. 10500 square meters
2 buildings containing the following units:
- 2 single rooms;
- 8 double rooms;
- 7 triple rooms, 4 of which with AC;
- 1 quadruple room with AC.
2 bungalows, each containing 2 rooms, all with AC.
1 building containing the following units:
- 12 double rooms;
- 4 triple rooms;
- 2 penthouses;
- 1 laundry house.
1 building, constructed in 1999, containing:
- 16 double rooms;
- 4 triple rooms;
- 1 room for the storage of linen.
This entire building is equipped with AC.
All rooms have toilets, showers, ceiling fans and safes.
Hot water supply, partially solar.
Connection to the public water supply, 4 separate water wells, 4 cisterns, 5 sewage plants.
Satellite antenna and connection to cable TV, and to the separate lounge on the second floor of the restaurant.
TV in the lounge.
Restaurant and bar with palm thatched roofs, 2 large terraces, total seating capacity for approx. 160 guests, 2 toilets for guests.Kitchen, separate kitchen for washing dishes, separate baker`s trade,cold storage room and dry storage room.
2 toilets and showers for employees.
1 Pavilion with billiard and table football.
Reception approx. 16 square meters plus covered reception area; on the second floor 2 apartments, each with living room and bedroom, bathroom with toilet and shower, both equipped with AC.
Adjoining the apartments is an office with AC, telephone and fax lines.
One oval swimming pool 17 x 7 meters, with waterfall and flower island, 2 pool pumps, large terrace with deck chairs and shade trees.
One swimming pool 19 x 8 meters, with waterfall as above.
Small workshop equipped with workbench
Outside of the project: 1 building housing a 150 kWh emergency generator, plus two
175 kWh emergency generator (purchased in 1999), with automatic change-over (this building is located approx. 150 meters from the project, therefore no noise pollution and yet easily accessible).
Wash-room with 3 washing machines and 2 dryers, double sink, on the wall shelves for the storage of linen, possibility to connect 4 machines, covered drying area approx. 50 square meters.
Sales price: US$ 1,470,000. (PRICE IS FIRM - THERE WILL BE NO REDUCTIONS)
Plus single payment of 3-% transfer tax and 1-% legal costs.
German owner free of debt and encumbrance. Cash payment only.
FINANCING AVAILABLE WITH $800,000. DOWN PAYMENT
THIS IS AN IDEAL PROPERTY FOR CONVERSION TO UPSCALE CONDOS OR APARTMENTS.
HERE ARE SOME OPTIONS FOR PURCHASE:
Option #1 - Purchase Entire Complex: $1,470,000.
Option #2 - Purchase without Casa Azul: $1,100.000.
Option#3 - Purchase Casa Azul alone: $450,000.
Please email for additional information and further breakdown of the options available.
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