Bocas Bay Resort in Bocas-Panama has 32 luxurious waterfront apartments that are completely finished and furnished to a very high standard, presenting a true money making opportunity with fantastic returns, either with vacation rentals as a Condo Hotel or selling all or part of the units, or any combination thereof.
- There are 8 oceanfront units that could be sold for $ 250,000 each = $ 2,000,000 These 1 BR Units are 1000 SqFt and include a large balcony.
- There are 16 oceanfront units that could be sold for $ 350,000 each = $5,600,000 These 2 BR Units are 1800 SqFt and include a large balcony.
- There are 8 oceanfront Penthouses that could be sold for $ 450,000 each = $3,600,000 These 2 BR Units are 1800 SqFt and include a large balcony + Loft.
- There are 10 Garage Units that could be sold for $ 25,000 each = $ 250,000 These are Mixed Use (commercial). Completely tiled and painted.
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- Potential ROI, with added rental and management fees, should be well in excess of $11,450,000
Make an appointment to see this truly outstanding building. We are ready to discuss all we have to offer and will try hard to come to a cash deal if you like what you see. All furniture and amenities are included.
Top Amenities at our Condo Hotel: Amenities that will not be available with standard hotel rooms.
- Large fully furnished living rooms, complete with wine bar.
- Fully equipped gourmet kitchen with double door fridge, dishwasher, microwave.
- Air-con individually controlled from each room.
- Separate Bedrooms with King Size Beds and Private Bathrooms for each.
- Jacuzzi baths and walk-in showers
- Deluxe breakfast bar and dining area.
- Large private balconies with unobstructed views of the Caribbean.
- Laundry facilities + Coin op
- Wi-Fi
- Premium TV
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Luxury Condo Hotels are obviously in high demand with groups of friends and families. Why settle for a hotel room, when you can have a complete residence!
- Vacation Rental Income: 8 One Bedroom Waterfront Units x $ 175 p/d = $ 1400 x 365 = $ 511,000
- Vacation Rental Income: 16 Two Bedroom Waterfront Units x $ 225 p/d = $ 3600 x 365 = $ 1,314,000
- Vacation Rental Income: 8 Penthouse 2 BR Waterfront Units x $ 275 p/d = $ 2200 x 365 = $ 803,000
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Calculating conservatively $175, $225 and $275 for these five star condo apartments = $2,628,000
The rates may gradually be adjusted to $ 225, $ 275 and $ 325 or right away if the market will bear. That could result in an extra $ 50 per day x 32 condos x 365 days = $ 584,000
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Fully occupied to capacity is not realistic of course, but would amount to the sum of = $ 3,212,000
Expected return at 50 % occupancy for the 1 st year = $ 1,606,000
Expected return at 60 % occupancy for the 2nd year = $ 1,927,200
Expected return at 70 % occupancy for the 3rd year = $ 2,248,400
The above is an assumption, not taking into account allowances for vacancies, maintenance and seasonal fluctuations, but it shows the opportunity to make a very healthy Return On Investment.
There is ample opportunity to take income and profitability of Bocas Bay Resort to a higher level. Most of it is already in place and ready go. We calculated the income as a prognosis in the above.
A realistic investor probably agrees with me that this could rapidly grow to much higher occupancies, likely coupled to higher Rental Income Rates, especially during high season when all rates will be up.
- A Professional Laundry is completed as part of Bocas Bay Resort with Industrial Grade Machines. The set-up is very large and able to accept outside commercial business to further boost BBR ROI.
- There are 10 garages that could be turned into commercial rental units (think golf cart rental, travel agent, Island Tourist Activity Desk, Real Estate Broker, hairdressers, beauty salon, nail studio etc.)
- There is a Tiki Bar that can be rented to an operator to serve drinks, short order food and rentals of water toys on the large deck. The lounging beds are already here and included, ready for business.
Each condominium has spectacular unrestricted views of the Caribbean, Beach and Beyond. All the apartments feature private terraces and very large living spaces with oversized 5 meter sliding glass doors to fully experience waterfront indoor/outdoor tropical living, taking in the balmy ocean breezes. Terraces are all facing the ocean with unrestricted views.The Penthouses have high cathedral ceilings and an arched 5 meter wide glass door to wow even the most discriminate visitor or potential investor. Airconditioning is controlled from each room. Each apartment has a full size gourmet kitchen with granite counter tops and top of the line stainless steel appliances, to make it a home away from home.
An oversized Jacuzzi in the master bathroom is there for whenever the mood strikes you and the second full bathroom has a large tempered glass walk-in shower with a massage column, floor to ceiling high-end tiling, complete with granite counter tops and double his and hers wash basins.
The beds are all King Size and include top of the line luxury bedding, sheets and mattress protectors. All bathrooms are complete with luxury towel sets. Balconies and stairways have stainless steel rails.
Bocas Bay Resort has two Otis elevators for your convenience and two separate stairway towers. Owners have access to onsite amenities: A Tiki Bar and a huge waterfront deck with two exercise pools and two lifts with a capacity of 6500 Lbs. each for watersport activity and boat/jetski retrieval.
We’re located far enough away for peace and quiet and yet walking distance close to the liveliest part of Bocas to enjoy the many restaurants and bars that our Island offers. You will sleep like a baby with the soothing sound of the waves tempered by our high quality double glass windows and doors that will put you in control of your environment. Visit us today for a tour of Bocas Bay Resort. We will be honored to show you what we have to offer. Furniture packages of $ 25,000 have already been included in all the apartments. The 10 large garages with remote controlled overhead doors can be turned into commercial units. There is ample free and secure parking for owners and visitors on site.
We cordially invite you to our Condo Hotel for a discussion how you could turn all these waterfront apartments into a moneymaking opportunity on your investment. This is not a dreamy concept with only pictures and pre-construction ideas. You will be able to actually see, feel, touch the experience.
You could indeed be owning Bocas Bay Resort and start making money immediately. Come and see the BBR for yourselves and make us a cash offer that makes sense. You are cordially invited to visit.
Bedrooms 56
Bathrooms 56
Sleeps 112 (or a lot more)
Parking Spaces secured/fenced in/gated 20
- Ocean View
- Mountain View
- Ocean Waterfront
- Balcony
- Terrace
- Furnished
- Appliances
- Laundry Room
- Pool
- Cable TV
- 24 Hour Security
- High-Speed Internet
For more info or to schedule a showing contact
Vanessa Saunders
MBA MIMC CIPS FIABCI – NYS Licensed Principal Broker / CEO
Office: 845-848-2218 x101 | Direct: 845-306-5413 | Cell: 845-598-5083
[mail_to email=”vanessa@gpshousehunt.com”]vanessa@gpshousehunt.com[/mail_to]
