Sold
$395,000
7 beds 7.0 baths 0.1 Acres

UNDER CONTRACT

Panama properties for sale & Costa Rica, Mexico, Honduras real estate near Bocas del Toro, Bocas del Toro

Airport Road, Isla Colon, Bocas del Toro, Panama, Bocas del Toro, Bocas del Toro 001010

United Country Bocas Del Toro



DETAILS

This very special European Boutique style Bed and breakfast serves a special niche in Bocas del Toro. It boasts 6 private rooms with ensuite bathrooms and air conditioning plus an owner's bedroom. The rooms are done simply, with quality and comfort in mind. There is a small kitchen with a pass through to the courtyard and a large reception area. The courtyard outside feels like a lovely, private garden. Breakfast was served buffet style with tables outside courtyard prior to COVID-19. The whole property is securely fenced to ensure privacy. 

This Bocas Town property has city water with 4 large storage tanks holding a total of 4250 liters. The connection to City power and breakers have been upgraded to be used commercially. There are 3 electric water heaters for instant hot water. The water pressure tank and pumps were all purchased in 2016. The 7 air conditioners were purchased in 2016-17. The commercial washer and dryer are from 2013. 

This Bocas del Toro bed and breakfast is turnkey and has everything someone looking for income would want. Everything works well and all the linens are in great shape.  All the beds have orthopedic mattresses purchased in late 2015 with newer linens. This property lends itself to travelers who want to spend a cozy, secure, air-conditioned night when they first get here that you can walk to from the airport and perhaps another night on the way back when they are waiting to catch their plane. Some travelers stay an entire week or more, the place is comfortable and convenient. The property next door was a restaurant with delicious food before COVID-19 and will resume service soon. The neighborhood has seen significant improvement over the last 6 years. 

The owners ran it themselves for the first 3 years with great success and low overhead,  then leased it out successfully for the next 3 years to an entrepreneur who paid them a fixed rent and kept the rest of the proceeds for himself. The property rents well on Airbnb and Booking.com. It is ready for you to take over either as an owner-operator or manager.

The Sellers are open to owner financing. This property may one of the few to qualify for bank financing although you would have to have your Panama Bank account in place first and meet their strict approval guidelines. 

 

PROPERTY FEATURES
  • Titled land

  • Upscale remodel

  • Pride of ownership

  • 7 bedrooms, 7 bathrooms

  • Walk to the airport

  • Comfortable and Secure

  • Newer furnishings and linens

  • Low maintenance

  • Bed & Breakfast / Lodges
  • Coastal Property
  • Commercial Property
  • Owner Financing
  • Home in Town
PROPERTY DETAILS
  • Street Address: Airport Road, Isla Colon, Bocas del Toro, Panama
  • City: Bocas del Toro
  • State: Bocas del Toro
  • Postal Code: 001010
  • County: Panama
  • MLS#: 60002-20032
  • Courtesy of : United Country Panama Paradise Bocas del Toro
VIDEOS