| Description: Sosua :
Good investment for a condominium project, 120 separete titles.
Located cliff front on the Atlantic ocean this 240 room (120 condominums with titles) property is perfect for a condominum hotel development.
The buildings are located on just under 6 acres and the price includes an additional 15 acres of development land with some of the most spectacular views in the Caribbean.
This property is currently non-operational and has been closed since 2001.
It requires major renovations but the building is structurally sound. This is the perfect property for an exclusive condominium hotel.
Const.Size: 18,841 m2 /198,931 sq. feet
Lot Size: 83,900 m2 / 903,100 sq. feet
20,7 acre
Additional 161,688 m2 ( 40 acres ) of additional beachfront land also available, with approvals for a marina project in place.
This land is also ideal for an exclusive beachfront condominium!
More Description:
This was once upon a time a thriving and successful hotel, but lost its ability to prosper due to mismanagement and lacks of operating capital and a result had to close.
This Hotel is situated on 89,900 m2 of land with 18,841 m2 dedicated to construction, and 500 m2 of beachfront.
This property is located in the center of Sosua.
This was a 240 room fully functioning hotel that had 3 restaurants, kitchen and laundry facilities, 2 swimming pools accompanied by refreshment bars, a night club for dancing and entertainment, beach and snack bar restaurants, gift shops, 2 conference rooms, and the administrative offices.
The property also provided parking for at least a 120 vehicles.
Although the property is no longer operational and needs renovation, the buildings are structurally sound and the property possesses a spectacular view of the Caribbean sea.
This property is prefect for an exclusive condominium conversion project. Since the property has been vacant, the owner has acquired individual titles for it, making it ideal for a condominium project.
The owner has also invested in renovation plans for the condominium conversion - the investment for the project would cost about 8 Million USD.
Information about the plans for this project is available upon request.
Dominican Republic Construction
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: Christian Vogt: 7/24 Hotline : +1
( 8 0 9 ) 3 7 7 - 0 8 8 6
Listed by: Christian
Vogt
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Listing ID : 1011
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