Juan Dolio: Comercial Objects - Reference No: dol-104c

US$ 600,000
RD$ 28,800,000
The seller's price is the red price.
The dark price is only the approx. exchanged price.


Located in the resort town of Villas del Mar, Dominican Republic, a fast developing prime tourist area, at the main intersection of boulevards and within yards of first class resort hotels. The plaza is built in a tasteful architectural design and consists of eleven rental units and a central eating area. The first stage of the project was completed with the construction of 6,700 sq.ft. located on a 15,600 sq.ft lot. The second stage was envisioned as the construction of a four story apartment-hotel building.
For the last five years the plaza has been 90-100% rented. Seven of the eight tenants invested between five and forty thousand dollars in their units. No one will abandon the unit without selling the business, which assures continuity of occupancy. The rent is paid in US dollars with increases to compensate for inflation and reflect the reality of the rental market in the area. The contracts are structured so that the tenant pays for all the cleaning, maintenance, energy and other expenses.
In the last twelve years the cost of land in this area has tripled and in a radius of one and a half miles, twelve apartment buildings, a 300 room hotel, two apartment-hotels and various luxury residences were inaugurated in the last year alone.
The potential buyer of Plaza La Llave must recognize above all that he/she is purchasing not only a first class real estate property bus also an efficiently run business which nets over US-$ 60,000 per year. Located in the resort town of Villas del Mar, Dominican Republic, a fast developing prime tourist area, at the main intersection of boulevards and within yards of first class resort hotels. The plaza is built in a tasteful architectural design and consists of eleven rental units and a central eating area. The first stage of the project was completed with the construction of 6,700 sq.ft. located on a 15,600 sq.ft lot. The second stage was envisioned as the construction of a four story apartment-hotel building.
For the last five years the plaza has been 90-100% rented. Seven of the eight tenants invested between five and forty thousand dollars in their units. No one will abandon the unit without selling the business, which assures continuity of occupancy. The rent is paid in US dollars with increases to compensate for inflation and reflect the reality of the rental market in the area. The contracts are structured so that the tenant pays for all the cleaning, maintenance, energy and other expenses.
In the last twelve years the cost of land in this area has tripled and in a radius of one and a half miles, twelve apartment buildings, a 300 room hotel, two apartment-hotels and various luxury residences were inaugurated in the last year alone.
The potential buyer of Plaza La Llave must recognize above all that he/she is purchasing not only a first class real estate property bus also an efficiently run business which nets over US-$ 60,000 per year. Located in the resort town of Villas del Mar, Dominican Republic, a fast developing prime tourist area, at the main intersection of boulevards and within yards of first class resort hotels. The plaza is built in a tasteful architectural design and consists of eleven rental units and a central eating area. The first stage of the project was completed with the construction of 6,700 sq.ft. located on a 15,600 sq.ft lot. The second stage was envisioned as the construction of a four story apartment-hotel building.
For the last five years the plaza has been 90-100% rented. Seven of the eight tenants invested between five and forty thousand dollars in their units. No one will abandon the unit without selling the business, which assures continuity of occupancy. The rent is paid in US dollars with increases to compensate for inflation and reflect the reality of the rental market in the area. The contracts are structured so that the tenant pays for all the cleaning, maintenance, energy and other expenses.
In the last twelve years the cost of land in this area has tripled and in a radius of one and a half miles, twelve apartment buildings, a 300 room hotel, two apartment-hotels and various luxury residences were inaugurated in the last year alone.
The potential buyer of Plaza La Llave must recognize above all that he/she is purchasing not only a first class real estate property bus also an efficiently run business which nets over US-$ 60,000 per year.

Electricity: Yes
Phoneline: Yes
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