Newhaven Boutique Apartments In Sosua For Sale

Property Information

Real Estate:

Real Property Included

Living Accommodation:

A two bedroom apartment is the owners suite.

Location:

Camino Del Llibre, Vista Del Norte, Sosua 57000, dominican Republic.

Premises Details:

Hidden Gem with apartments close to Sosua.

Size in square feet:

4600 sq ft

Planning Consent:

approved for usage as Apartment Complex with restaurant and bar. yoga/ massage center and dive training in the extra deep end pool. .

Business Operation

Expansion Potential:

There are two more apartments to complete above apartment 2 and 5 overlooks the pool.. They can be enlarged too, offering 5 as a luxury penthouse and apt 2 as a two bedroom deluxe apt. , building costs are lower in Sosua and our last estimate was under $50K to complete both with bathrooms, kitchens etc and furnished turnkey.

Competition / Market:

many hotels and apartment complexes in downtown Sosua and Cabarete. Fewer are situated up from the main road. They tend to be more sought after by discerning guests seeking peace and safety away from the downtown. Newhaven is a great location adjacent to the Hispaniola Five-star Restaurant and private homes and attracts the upmarket clientele.

Reasons for selling:

The business was under the management by owners daughter who passed unexpectantly last Year. Seller is in late 70's and unable to devote the time to enjoy and promote the business in her absence. Looking to sell now. Cash buyer visit and we can adjust the price.

Trading hours:

Physical check in and out between 9.am and 6 pm. Most inquiries by cell phone. owner or resident manager has access to the Reception office that opens as needed.

Employees:

1

Years established:

built 2012 and in business since then

Other Information

Support & training:

seller will be on hand during the first few days required to answer any questions.

This is a very easy business to operate.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

NOTE. Financing from Banks is difficult to obtain by foreigners'. however the seller is motivated to sell urgently and will offer the following $450,000.00 buyers cash down with balance of $300,000.00 private mortgage to be negotiated (due to fluctuating interest rates and terms). All negotiation's in compliance with Dominican regulations and overseen by sellers Attorney. .

Furniture / Fixtures value:

$25,000 (USD) - included in the asking price

Inventory / Stock value:

$10,000 (USD) - included in the asking price

Website:

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Home based:

This business can be run from home.

Distressed:

This business is a turnaround opportunity.