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.
Asking Price $575,000
Sales Less than $100,000
Profit Less than $100,000
You May Also Like
Award Winning Mountain Retreat For Sale #462473 posted Feb 7, 2017
- Bijagua, Provincia de Alajuela, Costa Rica
Established Award Winning Mountain Retreat For Sale For $2,000,000. Voted by Trip Advisor and other respected tourist agencies as one of the best hotels in Costa Rica! Owner states that the premises are in top maintenance and shape with sales close to half a million dollars and a gross net income ranging...
Popular Bed And Breakfast Hotel For Sale #464369 posted Mar 10, 2017
- San José, Provincia de San José, Costa Rica
Popular High Occupancy Bed and Breakfast Hotel For Sale For $1,100,000! 19 Units and in addition 3 more units could be added to the existing units for a total of 22! This is an amazing opportunity in San Jose, Costa Rica. The Bed and Breakfast Hotel is already a great investment! Built in 1930 and...
Turnkey Luxury Resort In Costa Rica For Sale #374493 posted Feb 12, 2015
- Costa Rica
Luxury Eco-Friendly. Turnkey Resort in Costa Rica For Sale For $5,749,000! Landscaped 20 acre estate being used as an income producing resort and vacation rental property. Additional uses: self-contained retirement community, wild life retreat center, time share, or since Costa Rica has become well...
Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.