Villa San Juan
For Sale ~ Condominiums
Boquete, Panama
$1.2 million
(negotiable)
Boquete is a small and beautiful town nestling in a valley surrounded by majestic mountains whose sides are clad in green coffee groves, citrus trees and lush forest. It is overseen by the impressive Volcan Baru and is often decorated with stunning rainbows. This is Chiriqui Province, this is Panama.
This is one of the newest and more popular tourist destinations in the country, with abundant natural resources like the mountains covered by primary and secondary forests, a huge fauna diversity, singing streams of crystal clear waters, fast rushing rivers, a majestic volcano, national parks and forest reserves and wildlife like you wouldn’t believe,.
From Boquete is a plethora of attractions where we find many tourism services, from the tours and adventures operators to the finest hotels including an important number of places where to eat or drink.
The tour and activity options are numerous from those of a: trek in the forests, canopy zip-lining, kayaking, river rafting, ascent to the top of the Baru Volcano, visits to La Amistad International Park, birds and fauna watching, or simply walking along Boquete's main street, visiting the local attractions.
Boquete is a place that it will surprise you and where you will always find backpackers or holiday people from all over the world, no matter what time of year.
In the very centre of this hive of activity, we present a ‘rainbow’ of an opportunity ~
This development is sited on its own Lot facing the splendid mountain sides and comprises of 3 separate buildings each containing 3 condominiums ~ that’s 9, 3 bedroomed Condominiums.
Its location is literally 4 minutes leisurely walk from the towns centre and all its shops, restaurants and amenities.
In each building on the ground floor you will find 1850 sq ft providing 3 Bedrooms, 2 Bathrooms, Lounge, Kitchen, Dining room, Utility room and Balcony.
On the second floors you will find 1900 sq ft providing 3 Bedrooms, 2 Bathrooms, Lounge, Kitchen, Dining room, Utility and Balcony.
Each floor above the ‘ground floor’ is to be serviced by a Glass-sided Elevator
Finally, on the top floor you will find 1980 sq ft with a 1900 sq ft roof garden. Each Condominium comprises 3 Bedrooms, 3 Bathrooms, Lounge, Kitchen, Dining room, Utility room and a splendid Balcony.
The roof garden has been designed to provide for a Jacuzzi, wet bar and has ample electric and water points. The balcony contains a Water Wall and Pond, Walled Gardens and a Pagoda.
Boquete is a magnate for tourists and for retirement/relocation families from all parts of the world. They come to Boquete because of its fresh (sometimes cool) temperature, its excellent air and amenities.
Boquete is 38km from Chiriquí’s main city of David where Hospitals, shops, buses and soon to be an International Airport fully servicing International arrivals and departures. Currently, the airport services daily flights to Panama City, Costa Rica, Bocas de Torro.
As a development opportunity this is second to none and now needs completing.
The external structures are in place and now it just requires finishing and finalising.
Condominiums in the centre of Boquete are very, very sought after as there is currently a shortage of high quality residential Condominiums.
Condominium Rental incomes in the region of; Top Floor $1500 per month per Unit, Second floor $1000 per month per Unit, Ground floor $900 per month per Unit ~ Total annual income expectancy $122,400 p.a.
Condominium Sales incomes in the region of; Top floor $325k x 3 = $975,000, Second floor $250k x 3 = $750,000, Ground floor $175k x 3 = $525,000. Total Sales income $2,250,000
Asking price ~ $1.2 million [negotiable]
In the first instance, email choosechiriqui@gmail.com or Michael at mike2918@hotmail.com putting San Juan in the subject line or call Panama [507] 6406 8312.
Thank you for your interest.
