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Location
Country: Panama
Area: Panama City
Development: Las Brisas
City: Panama City
Property Info
Cost: US$ 1,221,000
Reference: LB-st
Property type: Apartment Suite
Built size: 222 m2
Bedrooms: 2
Bathrooms: 2
Features
* View to sea
Description:
About Las Brisas de Amador.
Las Brisas, Amador a mixed use real estate development located in Panama City, Republic of Panama. The project is centered around the island of Perico. Perico is situated at the mouth of the Panama Canal. Perico is approximately 825,000 square ft. in area. In addition, plans call for reclamation of land and a marina which combined total an additional 825,000 square ft in area. The Developer has secured a 60 year ground lease (with options) for the property directly from the Government of Panama.
Feasibility Study · Causeway Towers
Grupo Capital Panama presents Causeway Towers, a development located in the most privileged location of the Republic of Panama.
Causeway Towers Apart-Hotel 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 and with its settings in the 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 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.
Investors shall also enjoy the incentives & benefits obtained by “Law 8” of the republic, by which tourist activities are promoted in Panama. These benefits include, but are not limited to income tax exemption for a period of 15 years, real estate tax exemption for a period of 20 years, among others. For a complete view of the benefits offered by Law 8 please referred to the Law 8.
Other benefits for investors include the use of the facilities to be built as part of the Las Brisas de Amador Development, such as the private common areas of the hotel, the heliport, the water taxi area, as well as discounts in the 400 slips of the new marina, special invitations to arena events, etc.
Distribution:
• Spectacular Master Suite Bedroom with bathroom en suite, Walk-in dressing room and Balcony with Jacuzzi having panoramic views over the bay and Panama City.
• Additional Bedroom with bathroom en suite and panoramic views.
• Spacious open fully fitted Kitchen with Dining area.
• Living room with additional entertaining room which can be changed into a third Bedroom and having a closed Balcony with tinted windows.
• Spacious Balcony and terraces with panoramic views.
Qualities:
• Luxury Finishing, fully furnished and equipped for Hotel operator.
• Tinted windows, Bathroom in Marble, Central Air Conditioning.
• TV connections, Intercom, Telephone connections with double speed ISDN.
• Parking. And Deposit Room
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