Introducing an exclusive Oceanica Real Estate property, Gold Coast Condominium, listed for $4,790,000.
Situated just 300 meters from Negra Beach in Guanacaste, Costa Rica is the unique investment opportunity, Gold Coast Condominium. This pre-construction project features 90 luxury villas, townhouses or apartments within an exclusive gated community. Residence amenities include modern kitchens with high quality finishes and appliances, 2 parking spaces, Cable TV, Internet and telephone. In addition, the community will feature a swimming pool, clubhouse, spa, gym, 24/7 security, and an administrative building with a convenient store, all set among luscious landscaping. Included in this land offer from the developer are the global conceptualization, constructive designs and drawings, construction budgets, feasibility studies, all permits and red tape for the first phase, legal and operative structure, general sales and marketing material (including website, digital video, brochures and sales materials), as well as a preliminary Master Plan for remaining phases.
The site for Gold Coast Condominium is a flat area of 19.3 acres (7.8 hectares) located just a 25 minute drive from Tamarindo Beach, where you’ll find an airport and several amenities including hotels, supermarket, legal services, and more. Nearby you’ll also find Pinilla Golf Course and Resort, one of Costa Rica’s finest courses. All construction permits have been approved for the first phase of the project, which can start immediately. The proposal for the first phase includes 20 villas, infrastructure and common areas including the clubhouse, swimming pool, gym, and administrative building. The second phase is planned to add 18 more villas/townhouses with the third phase completing the remaining 52 villas and/or townhouses. Included in the plans are several acres of natural forest and protected zones, making this ecological development very attractive to prospective buyers.
The acquisition cost for 80% of the project is $4,790,000. The financial summary for the project is as follows:
Total Investment: $4,790,000
Working Capital credit line: $2,300,000
90 Villas and Infrastructure construction: $18,700,000
Villas and Buildings $963.3/m2
Infrastructure $55.3/m2
90 Villas Revenues (pre-sales and sales) $32,400,000
Possible development of fourth phase not included
Each Villa has 150 m2 of construction, 75 m2 of private garden, and 2 parking spaces
Unit Sales Price $360,o00
Sales Price per square meter $2,353
Projected Earning before taxes $11,756,000
ROI (4 years) 245%
For more information about this investment opportunity, please contact Oceanica Real Estate at (786) 270-1743 or via email at info@oceanicarealestate.com.
