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Nikki Beach 1 bedroom apartment

 Region: Panama City

 Price: EUR € 195 871

 Bedrooms: 1

 Property Type: Apartment

 Development State: Off Plan


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Features: Pool, Parking, Terrace / Deck
Amenities: Shops, Bars & Restaurants, Gymnasium
Description:
Nikki Beach Resort & Residences - residences, lofts & hotel condos
Nikki Beach Resort & Residences, a luxurious master planned and gated residential community, is located in one of the most beautiful beaches of the Republic of Panama. The development will be a spectacular five star project with an exclusive beach club, a Polynesian-style spa, fully equipped gym, restaurants with the finest cuisine, and bars for socializing with friends and family.

10 Reasons to Invest in Nikki Beach Resort & Residences


  1. Beachfront location

  2. Playa Blanca is one of the most beautiful beach in Panama

  3. The design of the residences is spectacular

  4. Residences are exempt from real estate taxes. Condo hotel units are exempt for 20 years, residences and loft are exempted for 5 years.

  5. Up to 4 weeks FREE annual vacation (only applicable on condo hotel units)

  6. Rental programme offered for the condo hotel units

  7. Only 80 mins from Panama City

  8. Second free trade zone in the world

  9. Panama has the fastest growing economy in Latin America

  10. Panama has shown a 15% to 20% appreciation p.a.


Location

The Playa Blanca district is located on the Pacific coast of Panama, a 75-minute drive southwest from Panama City.

Panama is rated amongst the fastest growing and most desirable investments, business and real estate markets in Latin America. Besides tax breaks and a warm welcome, international investors say they also like Panama’s expanding operations at the Canal, political stability, sophisticated financial centre, low crime, plus one of best retirement programmes in the world.

Residences

Its sophisticated and glamorous beach style gives this development an exotic touch along with elegance beyond your imagination. You will find your uniquely designed residence to be outstanding, with large open ocean view terraces and all the comforts.

Condo Hotel Apartments

There will be 140 condo hotel units, all beachfront with ocean views.

Studio, 88m², from US$262,225

2 bedroom, 120m², from US$354,000

Penthouse 3 bedroom, 231m², from US$675,000

Furniture package will be available, starting from US$15,000.

Condo hotel owners will have the opportunity to place their units in a rental program. The rent revenue generated by the holiday homes when not in residence will help defray the costs of ownership.

Residences: Lofts

There will be 34 luxury duplex lofts in each tower.

1 bedroom, 97m², from US$247,835

2 bedroom, 130m²,from US$331,825

There will be a management program available for owners.

Furniture package will be available.

Residences: Apartments

Nikki Beach luxury Residences will consist of truly luxurious and elegantly designed ocean view apartments set into five story level towers featuring two apartments per floor.

Owners will have access to a Private Social Area; Pools and BBQ Area.

3 bedroom, 187m², from US$420,750

3 bedroom, 206m², from US$464,400

There will be a management program available for owners.

Furniture package will be available.

Facilities & Services

The development will boast a 5 star, 100 room Nikki Beach hotel. The hotel will offers facilities and services such as


  • 11,000 m² (100,000 ft²) Beach Club

  • Polynesian-style Spa

  • Fully equipped gym

  • Sushi Bar

  • restaurants

  • Wet bar

  • Infinity Pool

  • Valet Parking

  • Concierge Services

  • Private Butlers


The Development Team

Nikki Beach Hotels & Resorts is a luxury hotel brand with venues in highly desirable resort and urban locations such as Turks & Caicos, Panama City and Cap Verde

The developers are RG Inmobiliaria, a family-owned Panamanian company.

Purchase Details

To reserve a residence, there is a US$5,000 deposit, followed by 10% minus the deposit 15 days after the reservations. This is followed by stage payments until completion

Condo hotel construction started on June 2007, construction should be completed on December 2008. Residences construction started on December 2007 and should be completed on June 2009. Lofts construction will start June 2008 and completed on December 2009.



Every effort has been made to offer information that is current, correct and clearly expressed but there can be no guarantee of immediate availability or absolute accuracy and the information do not constitute advice or recommendation. Neither the author nor publishers are responsible for the results of actions taken on the basis of information contained in this summary, nor for any errors or omissions. We would always recommend that you seek appropriate independent advice. Prices may change and are subject to currency fluctuations.

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