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Ocean View Lodge and Vacation Rental Business
Below Market value Vacation Rental business opportunity in Puerto Viejo
Property Description: BEST PRICED VACATION RENTAL BUSINESS in Costa Rica.
This is an exceptional opportunity to acquire a significant income-producing business in the largest tourist destination on the Caribbean side of Costa Rica. Priced to Sell Quickly and well below market value.
This is a TURNKEY operation with a proven track record of high occupancy with excellent & complete financial records.
The property has 7 unique houses, a beautiful swimming pool with a waterfall and bat cave, meticulous gorgeous fruit bearing gardens with ocean and forest views. An Updated water system, fully equipped multi level cottages, laundry room, high speed Internet, large storage areas, extensive marketing campaign, appliances, Cable TV and Security Fence. These vacation cottages offer well appointed one, two and three bedroom rentals for short and long term stays.
The cottages are spread out on a 2-acre, ocean-view hill surrounded by tropical gardens with all types of birds including Toucans, sloths and monkeys nearby.
This solid business also comes with very attractive growth potential. The business is currently boasting a solid 10% cap rate, as is, with an established track record for continued growth. This business is priced well under market value and priced to sell quickly due to family illness and not because of the current economic situation. There are several adjoining lots available for significant expansion potential options.
The property is within a short five-minute walking distance to the beaches and downtown Puerto Viejo � yet removed just far enough to be away from it all. The gorgeous Caribbean Sea is visible from the property and many of the rental cottages. The private location is in walking distance to many restaurants, shops and famous surfing spots.
The business and property are offered with a working corporation, all permits, taxes and certifications up to date, complete website and an extensive internet and local marketing campaign.
Price (US$): $675,000 Listing Status: Active Property ID Number: CS01431 Specific Property Type: Commercial Business Geographic Area: Caribbean Property City: Puerto Viejo Neighborhood: Puerto Viejo Year Built: 2006 Construction (sq. ft.): 5,500 Bedrooms: 13 Full Baths: 9 Garage Space: 6 Phone Lines: 2 Meters Squared or Hectares: 6250
