Description

The vacation rental business has been running profitably by the owners, who built, operated and have lived on-site for past 6 years, as a mid-priced specialty lodging: beachfront cottages vacation rentals on the eastern Caribbean coast of Costa Rica. Quiet location yet only a 15 minute walk to town of Puerto Viejo.

100% Positive client reviews. Annual occupancy averages 67% - during high season runs at 90% occupancy. Business includes a well designed, responsive website with online booking. Many referrals and repeat business. Both of the 650 sq ft rental casitas are elevated on posts; all structures are well built and incorporate beautiful, tropical hardwoods. Each is decorated with a Caribe flavor, fully furnished (including appliances), bathroom, fully outfitted kitchenette and private patio/deck. Owner's home is a spacious 3600 sq ft house between two beachfront casitas.

Held in a registered active corporation (S.A.) this is a concession property operating under a 20 year lease, renewable in perpetuity - all current and up to date with taxes/fees. Hotels and vacation rentals along the coastline are regularly sold in Costa Rica without issues when all is in order, as is this property. At time of building, owners were fortunate to purchase an adjoining lot making this property a legally documented 40 meter wide double lot.

The non-buildable portion of the property within the 50 meter maritime zone offers an extra 1600 m2 of land. This "bonus" land is available only with adjoining property that butts up to the 50 meter line; Owners have landscaped this piece providing additional privacy.

Power-lines, telephone lines nor any road is between the property and the beach; it is truly beach front to the Caribbean coast (Atlantic) of Costa Rica. Internet/WiFi and hard line telephone in place.

UPDATE: Nov 2016 An additional rental completed for 1-2 people: a delightful custom, 20 ft. Sea Can with private deck and outdoor shower, kitchenette, fully furnished.

Increased Earnings Projection: A third unit is currently under construction at ground level and will sleep 2-3 people; opportunities exist with the build-out of two other units. The larger, main house has been home to owners and holds additional income potential for larger groups - sleeps 6-8.

Well maintained lovingly by the owners this is a turnkey, ready to take over opportunity to live a more relaxed lifestyle while earning. Photos, details and financials available to qualified and serious inquiries only. Shown by appointment. No brokers, please.

Posted Aug 1, 2016

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