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Profitable Condo Rental Business In Costa Rica For Sale

Tamarindo, Guanacaste
Asking Price:
$860,000 (USD) Furniture / Fixtures included
Sales Revenue:
$90,000 (USD)
Cash Flow:
$40,000 (USD)

INCLUDES THE SALE OF 4 LUXURY CONDOS

Do you:
• Want to live (full or part-time) in Costa Rica?
• Want to own a condo rental business?
• Thrive on the tourism industry?
• Enjoy hosting family, friends and guests?
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Tranquilo Village is a “turn-key” business and rare investment opportunity that lets you live and work in an idyllic tropical setting located near Tamarindo and the beautiful sandy beaches of Costa Rica’s west coast. It offers visitors a chance to experience the region’s unspoiled beaches and incredible biodiversity and is only a 50-minute drive from Liberia International Airport (LIR).

Tranquilo Village (est. 2008) includes four fully furnished two bedroom condos nestled within the exclusive "The Oaks" complex. This “turn-key” business generates a positive cash flow and rents out to both international and local tourists. High season rates within “The Oaks” complex currently range up to US$2,600 / week.
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Also see us on Facebook (https://www.facebook.com/Tranquilo-Village-113799518630240/)

More information available upon request, please contact seller below for further details.

Property information

Real Estate:

Real Property Included

Location:

Located in the heart of Guanacaste's Gold Coast, Tranquilo Village is only ten minutes from Playa Grande, Flamingo and Tamarindo.

Premises Details:

Four fully furnished two-bedroom, ground-floor condominiums nestled within The Oaks (Tres Torres), an exclusive gated community within a 31 acre sanctuary on gently rising land with panoramic vistas. The community includes three swimming areas, including two infinity edge pools, a child’s pool and two barbecue rancho’s. Located only ten minutes from Tamarindo, Flamingo and Playa Grande, in the heart of Guanacaste's Gold Coast.

Size in square feet:
4 by 900 sq ft condos

Business Operation

Expansion Potential:

Costa Rica stands as the most visited nation in the Central American region, with 2.9 million foreign visitors in 2016 (up 12.8% from 2015), that’s equivalent to more than half the population of the entire country. From 2010 to 2016 passenger totals at LIR airport have increased year over year for total of 257%. LIR currently services 18 airlines, there are over 20 arrivals per day with direct flights to US, Canada and the UK. A new and larger airport (250,000 sq. ft.) was completed 5 years ago (Feb 2012), and the airport is presently undergoing expansion to accommodate 5 more airlines.

The Oaks contains 96 two-bedroom units, therefore to accommodate the positive growth in tourism outlined above, there is potential to purchase additional condos as they come up for sale by the individual owners as well as a fifth condo that is owned by the seller.

Reasons for selling:

Retirement

Years established:
9

Other Information

Financing available:

Down Payment: 50% of sale price (Minimum)
Loan Amount: 50% of sale price (Maximum)
Annual Interest Rate: 5%
Term: up to 5 years

Furniture / Fixtures value:
$60,000 (USD) - included in the asking price
Website:
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Related Documents:

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