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Doug Pike

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Sosua (Puerto Plata, DO - 57000)
MLS® $550,000 USD
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Doug Pike
 
Doug Pike
Email Doug
 
Home: 809-571-4496
Cell: 829-917-0610
 
Details

Address: Sosua, Puerto Plata, Dominican Republic Type: Commercial Style:  Bedrooms: n/a "14 apts.w/26 bdrms." Bathrooms: n/a "15" Garage: "15" Size: 963 sq. m. Lot Type: Rectangular Year Built: 1985 MLS®: LP-CH-006
 
Description

This was once a successful and great place for tourists to stay years ago. The Hostal de Lora is located in the heart of Sosua on the Northern Coast of the Dominican Republic in the province of Puerto Plata. Sosua has gained a reputation for fun, sun and relaxation, and has been labeled by tourists as “The Acapulco” of the Dominican Republic.

Hostal de Lora is within walking distance of many facilities - a rental car is not needed. Banks restaurants, entertainment, and shops are right at the doorstep. Moreover, the beach is nearby and only a 5 minute walk away.

When the Hostal was open and operational, the following rooms and services were available.

12 – 2 bedroom apartments with 1 bathroom:
Each unit with an interior space of 6.5 by 10.6 m (68.25 sq. mts.) along with a balcony of 2.6 m by 3.3 m (8.58 sq. mts.)

2- 1 bedroom penthouse with 1 bathroom and rooftop terrace:
The interior of each unit has 48 sq. mts. and a terrace of 24 sq. mts.

Lobby bar (24 sq. mts.)

Restaurant area 48 sq. mts. w/outside terrace of 48 sq. mts. (kitchen not equipped)

* The 1st building faces the street and the 2nd building faces the ocean.

EXTERIOR FEATURES

* Convenience store (42.25 sq. mts.) on the corner of the property.
* Pool and waterfall area in the center of complex

The Hostal has not been open and trading for some considerable time. I believe this could be an appropriate time to convert the rooms of Hostal de Lora to condominiums while people are searching for condos conveniently located to amenities.

This is an investor’s dream that could yield big returns. The Central bank has possession of the property and is eager to sell at the discounted price of $550,000.00USD. Financing available by Central bank.

Contact the Real Estate consultant for more information on how to purchase this property today.
 
Brokered and Advertised by:   Rabbit International P2#2723117
 

Information is deemed to be correct but not guaranteed.