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Apartment Las Terrenas (Dominican Republic)by annonceur international
Apartment
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ApartmentLas Terrenas (Dominican Republic)
Price :
$3,600,000
($2,400 / m²)
Surface1,500 m²bathrooms10 land3,800 m²

Beachfront hotel complex in Las Terrenas, Samaná, Dominican Republic. Property located in one of the busiest and most walkable beach areas in the region. Land of 3,800 m2 with 70 linear meters of beachfront, which combines a large-scale commercial lot facing the sea with an operating business that already generates income, an uncommon combination on this scale in Las Terrenas. The main complex includes a covered beach bar of approximately 50 m2, a restaurant of 300 m2 under a traditional palapa roof, a pizzeria-restaurant, a swimming pool with bar and reception area and services. Several activity businesses operate on the property under lease, including kitesurfing school, diving club, excursion agency and spa, generating constant traffic and ancillary income. The accommodation features 16 Caribbean-style duplex bungalows, a modern studio, and a 7-bedroom penthouse with ocean views in the adjacent building (included in the complete package). In total, 24 rooms and 28 bathrooms distributed over 1,500 m2 of construction. An independent appraisal commissioned by a Dominican bank valued the real estate asset at $3,200,000. The operation generates income in three ways: bungalow lodging (projected at $315,000 per year), condominium and studio rentals ($170,000 per year in the full package), and commercial rentals of the businesses operating in the complex ($66,000 per year). The combined earning potential is around $500,000 annually. The property is currently operating and generating revenue, although the structures reflect its age, making it ideal for a buyer interested in renovating, repositioning or developing, taking advantage of existing cash flow during that process. The long-term value is in the beachfront land: plots of this size and length of beach rarely come on the market in the area. Price: base package (hotel, restaurants and associated businesses) $2,740,000. Complete package (including the adjacent building with the 7-bedroom penthouse and studio) $3,600,000. A unique opportunity to acquire one of the last commercial beachfront plots of this scale in Las Terrenas, with an operating business that can be modernized, rebranded or fully developed. Let's talk without haste.
Advertiser reference : 120225498Le Figaro Properties reference : 108877941

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Apartment Las Terrenas (Dominican Republic)

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