9.340056
-82.240852
$579K
51efc2ea-37f2-4060-804c-5150711ad1ec
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Architectural jewel in a prime location
Dr. Corinna Dreher
Head of Sales
The house presented here impresses with its classic Afro-Caribbean architecture and its central location directly at the park (Parque Simon Bolivar) of the village of Isla Colón on Bocas del Toro. The house is 14 years old and was built as an identical copy of the pre-existing 100-year-old Afro-Caribbean style house. This architectural style is characteristic of the Panamanian Caribbean and has given the streets of Bocas del Toros its charm for many decades.
For the first two years of operation, the house was run as a hotel, later converted into a successful hostel and, since the beginning of 2021, has been converted back into a hotel (bed & breakfast) with private rooms and bathrooms.
On the ground floor there is the common room / dining room area (30m²) and the kitchen, a laundry room, a guest bathroom and 3 bedrooms with private bathrooms. The porter's room is also located here. The water pump, a replacement pump and the water tanks (3x3000l) are also installed on this level.
Furthermore, there is a business space on the ground floor, which is rented for 10 years. The rent is 800$ per month with an annual increase of 5%. However, it is possible to terminate the contract with a notice period of 4 months if the property is sold and the new owner wishes to terminate the rental agreement.
Upstairs there are 6 further 35m² rooms with private bathrooms. Additionally, the second floor has access to three outside balconies used as a communal area (25m²)
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THE PROPERTY
The area of the titled property is 200m², the living space is 400m², which are distributed over the two floors.
The house is also equipped with the appropriate electricity meters and fire alarms.
The property and building are owned by a Panamanian company, which facilitates and accelerates the purchase and transfer of ownership rights and can also help you acquire your permanent residence permit.
On request, we will be happy to provide you with a list of the running costs and possible profitability. A hostel operation generates 196,000$ per year with an occupancy rate of 50%, please contact us.
THE BUILDING
After buying the property 15 years ago, the house was completely dismantled and rebuilt. The foundations, roofs, roof panels, the entire electrical and sanitary installations as well as the beams, floors, walls and 13 bathrooms were rebuilt using the documentation and plans from 1947, as a detailed reconstruction of the Afro-Caribbean architecture with tropical woods.
The building is built with steel girders, has a locally typical zinc roof with suspended ceilings (for noise and temperature insulation), wooden stairs, wooden windows, wooden outer walls and wooden interior cladding.
5min. to beach
Main road
5 min. to Hospital
At the park
--
1 min. to town
Vehicle access
Good connection
ABOUT PROPERTY
Mains connection
downtown
Park view
Mains connection
200m² Land
Terrace
Insulated roof
THE HIGHLIGHTS
MORE DETAILS
LOCATION AND ENVIRONMENT
Bastimentos
Solarte
Tierras Oscura
Isla Colon
S.Cristobobal
Bocas Town
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CLASSIC AFRO-CARIBBEAN HOTEL
CLASSIC AFRO-CARIBBEAN HOTEL
Type:
--
200m² Land
ID:
8054
Titled
Room: 10
Living: 400m²
Floor: 2
Baths: 10
USD 579,799.
Isla Colón - Bocas del Toro
Top investment: Architectural jewel in Afro-Caribbean style in a prime location with 9 guest rooms and a shop
CLASSIC AFRO-CARIBBEAN HOTEL
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8054
Panamize Realty Inc.
World Trade Center, 200-B, Piso 2
Calle 53 Este Marbella
Panama City, Republic of Panama
Real Estate Broker License No. PJ-1362
RUC: 155699233-2-2020 DV 51