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| Property Type: Investment Property |
Property Site: City / Village |
| Country: MEXICO |
City: Manzanillo |
| Zip Code: 92802 |
Region: Yucatan |
| Address: Peninsula Juluapan |
Vacation Property (for rent): No |
| Construction Year: |
Surface Area: |
| Bedrooms: 0 |
Bathrooms: 0 |
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Apartments, Villas, Fincas Coast and Inland Alicante to Torrevieja, Orihuela Costa, Murcia ...
Palma Real is an existing 32 unit resort on approximately 8 acres of ocean view property with beach access. It operates a palapa restaurant and convenience store on the grounds as well. Plans are for an expansion of an additional 125 units on the existing property. There are plans for a marina and golf course resort adjacent to this property. A spa has also been designed for this project. The costs involved overall for this project are:
Purchased together @ 4.8 million Cost to expand =7.5 million
Working Capital & .engineering, entitlements, and design 1.25 million
Spa creation =450k
Total =14 million
125 units conservative sell price =125,000 x 125 =21,500,000
Estimated profit of 7.5 million + existing value of property! Isla Dorado is a quaint gated community of 15 Villas in Manzanillo, Mexico.
It offers golf course amenities, 3 pools and beach access. Can be purchased separately .
Palma Real, is a 32 villa resort hotel totaling over 50,000 sq.ft (4,650 sq.mt) in building area, over 107,000 sf.ft (10,000 sq. mt) in sprinklerd landscape area, 400ft long (125m) river pool, and two swimming pools.
Palma Real is located North East of the Juluapan Peninsula in an area known as La Boquita (the Mouth) of the Juluapan Lagoon.
The approximate area is 33,096.95 sq. meters (356,252.60 sq.ft. / 8.178 acres) and is comprised of 5 lots with the following Clave Catastral similar to Assessors Parcel Number:
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| Furnished: |
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Dishwasher: |
No |
Alarm System: |
No |
| Washing Machine: |
No |
Hotwater: |
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Office Room: |
No |
| Linnen Supplied: |
No |
Pet Friendly: |
No |
Tennis Court: |
No |
| Balcony: |
No |
Gym/Sauna: |
No |
Terrace: |
No |
| Telephone: |
No |
Garage: |
No |
CableTV/Sat: |
No |
| Ocean View: |
No |
Lake View: |
No |
Mountain View: |
No |
| Ocean Front: |
No |
Lake Front: |
No |
Cellars: |
No |
| Swimming Pool: |
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Garden: |
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Parking: |
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