Beachfront land with a hotel to be restored

Cosón, Las Terrenas

Features

• Oceanview
• Beachfront

Description

Great beachfront development land in Coson. Divided by the road Camino de Coson it features ~17,000sqm of the first line to the Atlantic ocean lot with 100mts of oceanfront and a lot on the other side of the road of ~20,000sqm. that gets all the way to the Boulevard Turístico del Atlántico.

The Oceanfront land used to be a 120-BR resort that can be recovered with some work on the remaining structures and the investor will benefit from having a greater density than the 30-BR/ha available since the 2006/2007 density resolution.

Located in Coson an area currently in development at a very competitive price of U$175/sqm. for the whole lot. The land has nowadays all the supplies at the entrance of the land from Camino de Coson or Boulevard del Atlántico.
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Location

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Cosón

This westernmost area of Las Terrenas runs along the long and scenic playa Cosón. It is a true haven of peace found just 10 minutes away from town.

Financials

No content available.

Mngt Costs: $150

Monthly Profits: $-150

Legal Fees: $78,000

Transfer Fees: $234,000

Yearly Taxes: $76,600

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All information, including measurements data and financial calculations, is obtained from various sources, and is approximate. No guarantee, warranty or representation of any kind is made regarding the accuracy of such information and Atlantique Sud Real Estate S.R.L. expressly disclaims any liability.