This is a marvelous and great opportunity for living in the heart of the city close to everything. This unique 137 sq.mt apartment has been 100% completed remodeled by the owners and it have a great cozy and warn feeling to it combined with modern and stylish look. In the 137 sq.mt. you will have and spacious living and dinning area, den, 3 bedroom, 2 bathrooms, kitchen, laundry area and maid quartes.
The selling price give a fully furnished apartment with beautiful and confortable furniture also includes all the appliances, 5 new A/C units. Also you will 2 parking spaces and storage deposit rigth at your parking space.
The building is located in a high lot wich guarantee you a great city view.
This is must see opportunity
This furnished apartment is conveniently located on El Dorado.
It has a great view of the Metropolitan Park, Includes 24 hour security, beautiful outdoor social areas where you can enjoy the pool,sauna and play rooms and party rooms.
It has 2 bedrooms, 2 bathrooms, Den, maid's room with her own bathroom, balcony, deposit, 2 parking spots.
24 hour Manned Security
Swimming Pool
Visitor´s Parking
Concierge Service
Events / Party Room
Social Area
Camino de Cruces Residential Park is an exclusive 16 hectares urbanization, with a perimeter wall that acts as protective barrier against outside noise, providing exclusivity and security to its residents, and at the same time it is surrounded by "Parque Nacional Camino de Cruces" Forest Reserve.
The residential has a large park with a social area of more than 15,000 m2, with centennial trees, amongst whom we find the great Panamá tree, with a small natural pond crossed by 2 elegant pedestrian wooden bridges that allow users to go across. There is also a Large Gazebo, a basketball court, play areas for children of all ages, and parking areas for visitors.
It´s a 517m2 beautiful House built on 1067m2 lot in two leves that represents creativity and good taste.
The residential is located in a very important residential area in Panama City and close to shopping malls, hospitals and banks.
FIRST LEVEL: 1 Office with full bath that can be converted into another bedroom, huge kitchen with breakfast area and an island, dining room, living room, laundry area, maids quarter with bathroom, deposit, two roofed parkings.
SECOND LEVEL: 4 Bedrooms, 4 bathrooms an a Family room with a balcony.
The rent price includes air conditioners in all the areas and all the appliances in kitchen.
This condo hotel, near completion (Mar 2009), and well located for access to Corredur Norte - the Panama Canal, will definitely be a very popular hotel for those doing business with any Canal-related business, with easy access to the expansion site at Miraflores, the new US Embassy, the regional HQ for the U.N.and to downtown Panama City without the hassles of the traffic and congestion. The location also accessible to Tocumen Int'l airport, the National Metropolitan Park, and is adjacent to the upscale shopping center, Camino de Las Cruces. It is an ideal location to meet the increasing demand for hotel space in the City--hotel occupancy has been at 80-90% occupancy in all of Panama's high and mid-range hotels. Demand is ever incresing as such name brands as Proctor & Gamble, Dell, 3M, Caterpillar, and Nabisco all have regional HQ located in Panama. Royal Caribbean will begin in Dec 2008, using Panama as a cruise ship embarkation point.
The project has been sold out for a year.
The hotel will be managed by the Callen Group (www.hidevelopment.com), who currently manage high quality hotel chains such as Hilton and Crowne Plaza world-wide, therefore a completely hassle free investment. The management group will provide owners with audited annual statements.
Room rates are expected to be in the vicinity of $180/night, providing potential rental returns of approximately 20%. Its only true competitor in the area is the Country Inn & Suites in El Dorado.
The rooms are large with large balconies and full kitchenettes, providing business and leisure travelers with the comforts of home with the amenities of a hotel.
Central Park Inn & Suites will offer 4 star service and amenities - high end bar and lounge, fully equipped business center, concierge service, gym and fitness center, spa, pool, and restaurant. Full shopping and additional restaurants are located adjacent in the Camino Del Cruces shopping center.
There are eight units per floor - 116m2 units to be rented as suites that can be locked off and rented as two separate rooms of 58m2 (624 sq ft) with private balconies and high end furnishings and finishes.
Comparable units (60m2) in Trump Tower = $400,000 and in Nikki Beach = $300,000 and in Megapolis (unit wo kitchenette) is $200,000. In this price of 260,000, it actually is TWO LOCK-OUT SUITES OF 58M2, each with kitchenette.
The rental income is 70% to the owner, and a low admin. fee of 4%. Most comparable programs offer a 60/40 split AFTER the operator deducts the maintence fee and operating cost which transcends into approx. 20% to the owner.
NO PROPERTY TAX FOR 20 YEARS AND RENTAL RETURNS ARE income TAX FREE.
The units are on the 14th floor.
Yes, books will be open.
Each unit (approx 112 sq m) divides into 2 hotel rooms
