Beachfront Investment Property Santa Teresa

Ref # : 8-500

Location : Santa Teresa

Price : $ 2,800,000

Land Size : 6000 m2 or 1.48 acres

Construction Size : 600 m2 or 6'460 ft2

Bedrooms : 5

Bathrooms : 5

 

Types : Beachfront   Commercial   Development   Hotel   Luxury  

Features : Gourmet Kitchen   Income Producing   Multiple Units   Ocean View   Ocean View - 5 Star   Restaurant   Swimming Pool   Walking Distance to the Beach   Well  

 

Water : Well

Power : Yes

Access : Public Road

Title : Concession

 

Status : Available

 

Real Estate Description

Profitable award winning beachfront resort in the center of the pristine surfing village of Santa Teresa, on the Southern part of the Nicoya peninsula. The property features 40 meter beachfront and 40 m are bordering the main road.

It has its registered concession and is zoned ZAT for tourism development, allowing the following buildings: hotels, condos, rental agencies, casino, restaurant/bar.

The current building footprint is 600 m2 with 5400 m2 available for additional development, including 2nd floor expansion and Santa Teresa main street facing property

This little resort has been in development since 2008 and very good occupancy rates, due to its perfect location:

High/dry season(November through early May):100% occupancy

Wet/green season (May through June): 75% occupancy

Mini-summer (July and August):90%+ occupancy

Wet/green season (September and October):  between 40-50% occupancy

The building consists of 4 private villas, 3 with one bedroom and 1 with 2 bedrooms; each villa is made of top quality construction and materials using ecological-friendly building methods  and including

  1. Ocean view with large French doors and picture windows
  2. Kitchenette
  3. Luxurious en-suite bathroom with tub and rain shower
  4. External showering area
  5. Utilities and infrastructure

There is well water located on premises as primary source of water, piping from municipal sources are also installed.  The sewage is an ecological Eloy Water Treatment Plant system.

The property is fully landscaped: mature lush tropical gardens with large native trees, a full irrigation system for plant/grounds is installed. There is a solid quartz poured concrete pool with surrounding landscaped seating area.

Parking lot for guests and restaurant visitors and gated front entrance from main road, plus decorative lighting throughout grounds.

The construction also includes full service restaurant and bar on the beach with magnificent sunset viewing. It is teak structure, open on all sides and offers seating for 48 people.

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