Casa Donovan – Unique Opportunity in Casco Antiguo
Overview
Corner building located in Casco Antiguo (Casco Viejo) with historic charm and high-yield potential. The property features flexible distribution and privileged sea views from the upper floors. Ideal for investors seeking growth and reconfiguration opportunities.
Key Features
- Location: Casco Antiguo, strategic corner with high tourist and commercial traffic.
- Structure and Distribution: multi-level building with elevator.
- Units and Floors:
- 11 apartments: seven one-bedroom and four two-bedroom units.
- One three-bedroom penthouse on the upper level with exceptional views.
- Commercial Spaces: 3 ground-floor commercial units; 2 currently leased.
- Views: floors 3 and 4 offer sea views, an exceptional feature in Casco Antiguo.
- Development Potential: preliminary project to convert the property into 27 rooms, significantly increasing rental income and density.
- Total Area and Finishes: (additional details available upon request).
Financial Information
- Sale Price: $3,800,000
- Current Gross Income: $14,000 monthly (approximate)
Advantages and Opportunities
- Premium location in Casco Antiguo with high demand for tourist and residential accommodation.
- Corner building with excellent visibility and accessibility.
- Expansion opportunity through preliminary project to generate 27 rooms.
- Three commercial spaces with current income and revenue expansion potential.
Recommended Sales Strategy
- Highlight development potential and opportunity to maximize profitability with the preliminary project.
- Emphasize sea views and Casco Antiguo location as primary attractions.
- Present financing options and conversion scenarios (apartments, boutique hotel, or traditional rental).
- Contact us to schedule a visit!
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