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2 bed Flat/Apartment for sale in Panama
Price: £175,000
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Description:
Causeway Towers is a development located in the most privileged location of the Republic of Panama. Causeway Towers Apart-Hotel (Condo) consists of 10 buildings that surround the roadway that rises to the top of Perico Island at the Amador Causeway. To date, Causeway Towers is the only development of its kind in Amador. Its panoramic views towards Panama City are spectacular .
The development also comprises of a new marina development with a wide range of restaurants and shops.
Each building consists of 2 Penthouses, 4 Suite Apartments, and 16 two Bedroom Apartments to be managed independently by the proprietors under the umbrella of the Apart-Hotel (Condo) if the investor so wishes.
There shall be a total of 220 units in the investment pool and each building has 7 floors. Profit sharing shall be distributed in proportion of each investor after annual expenses. The calculations are based on an annual occupancy levels on 100% and 60% rental for 48 weeks, which leaves 4 weeks use for the investor. If the investor chooses not to enter into the umbrella of the Apart-Hotel a management fee will be charged as set out in the Budget of the Feasibility Study.
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