Gorgeous Riverside Hotel Property
Boquete Panama
For additional photos click on any of the above photos. Auction will held April 26th 11AM central standard time and will be held off site at 3939 N Comotara Wichita, KansasOnline Bidding and bidding by phone will be available for this property!The property will be available for inspection on certain days or by appointment. Please contact the Broker for details.
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This property situated on .45 acres bordering the Chiriqui River, consists of four (4) two-story cabana buildings. The cabanas contain 11 Units that are divided into three (3) grand suites (753.5 sq ft each) and eight (8) standard rooms (365 sq. ft. each) plus a large reception/office area offering a public restroom, kitchen/cooking area and a small dining area for guests, (1) open air cabana area with outdoor cooking facility. Due to the climate this property has no heating or air conditioning.
The property has many potential uses including Corproate Retreat, Long term or short term rentals, Condo conversion , Hotel, and Fractional ownership.
Guests enjoy views from the glass enclosed balconies of each building including the majesty of the surrounding maintains with impressive presence of the over-towering Volcan Baru, the calming sounds of the Chiriqui river waterfalls, and the beauty of tastefully designed lush gardens filled with flowers attracting tropical wildlife.
Grand suites offer- two (2) private bedrooms
- kitchen/dining area
- Private bathroom
- Grand suites can sleep up to 7 people.
View Larger Map
Boquete, Known as the "valley of the Flowers and the Eternal Spring", is panama's premier mountain destination and rated as one of the best places in the world for retirement boasting a population growth of approximately 10,200 citizens in the year 2000 to approximately 20,000 citizens in the year 2009! The Boquete area offers a variety of modern businesses a few of which are named below including
- Banks
- Clinics
- Grocery stores
- Bookstores
- Coffee shops
- Restaurants
- Churches
- Coffee shops
- White water rafting
- Canopy tours
- Hot springs
- Birding (more than 43 species of quetzals have been reported in the mountains of Boquete)
- Hiking
- Coffee farm tours attracting thousands of tourists each year
- Its all about Location!
PROPERTY INFORMATION
$50,000 cashiers check required to bid(made out to yourself and non-refundable if you are the winning bidder). Additional 20% of the purchase price is required within 24 hours for the winning bidder, see Terms below for details.| Location: | Boquete Chiriqui Panama |
| For sale by: | Auction |
| Construction year: | 2006 |
| Area: | 2,147 sq meters |
| Units: | 11 plus an office |
| Sleeps: | 37 |
| Stories: | 2 |
| parking spaces: | 12 |
| Financing: | Owner Financing Available |
| Amenities: |
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For additional information on the area and the hotel click on the links below
this will open a 2nd window or a new tab, you may need to click on the article in the 2nd window to enlarge it enough to read it.
Why Panama? A travel guide article with details on the country of Panama
www.visitpanama.com
Seller's Property Disclosure statement for both Panama hotels, one after the other.
Commercial License
Inventory
Title Report
A source of information on doing business in Panama and one with portals to the different Ministries
www.lawyers-abogados.net
www.embassyworld.com/embassy/Panama/Government_Offices_Panama/
2010 La Nina Rains.
Click HERE to view a proforma provided by the current owners. These numbers have not been verified by the broker.
Click on the photos below to see larger images
Please contact us at the number below if you would like to request a copy of the purchase agreement you will be required to sign if you are the high bidder.
Brokerage Disclosure
Sonneco Properties Ltd is acting solely as the agent for the seller
Auctioneer statement day of sale will take precedence over printed material or any other oral statements made.
Sonneco Properties, Ltd is not responsible for accidents or lost property
Conduct of Auction:
All properties are offered subject to confirmation of the seller. The Purchase contract will not be subject to financing or any inspections. Properties are selling "as is" in their current condition. This property is subject to prior sale and may be withdrawn from auction at any time.
Taxes and Title Insurance:
Taxes are paid quarterly. 2012 will be prorated to the date of closing.
Cost of title insurance and closing fee will be paid 100% by the Buyer
Financing Information:
The sale will not be contingent on financing. Properties are selling for cash. Seller may consider owner carry with 50% down. You must be approved 7 days before the auction.
Broker Participation:
Buyer's Brokers are recognized. They must register their buyer on Sonneco Properties, Ltd forms, with the Buyer's signature 72 hours before the auction. The Broker must be with the Buyer at the auction, and all inspections. A 3% fee will be offered based on the auction price, not the purchase price. Other conditions may apply. Brokers acting as principles are excluded.
Conditions of Sale:
All information and property dimensions are all approximations. Information given is from sources deemed reliable, however not guaranteed by Seller, Broker or Auctioneer. These Properties are accepted by the buyers in there present condition without any expressed or implied warranties or representations from the seller or his agents. The Buyer must exercise his or her own due-diligence prior to bidding. It's the responsibility of the purchaser to have any and all inspections completed prior to the day of the auction. Including but not limited to survey, environmental, ground water, roof, structure, termite, flood designation, presence of mold or radon, electrical, mechanical, plumbing, presence of lead paint or lead based hazards and any other desired inspections. This property has had some problems with flooding in the past and flood insurance is not available.
Terms:
A $50,000 cashiers check required to bid(made out to yourself and non-refundable if you are the winning bidder). The winning bidder will be required to post an additional 20% of the purchase price within 24 hours of the auction in addition to the $50,000 required to bid. If the 20% is not posted within 24 hours your $50,000 deposit will be non-refundable. Closing on or before 30 days following the auction. Balance due in cash or certified funds at closing.
Buyer's Premium: A 10% buyers premium will be added to the successful bid to determine the purchase price.
Sonneco Properties, LTD.
3939 N Comotara
Wichita, Kansas 67226
TEL: (316) 838-5790
steve@sonneco.com
Copyright © 2011 by Sonneco Properties, LTD. All Rights Reserved
THE INFORMATION CONTAINED HEREIN AND CONTAINED IN ANY SUPPLEMENTAL DOCUMENTS HAS BEEN FURNISHED BY THE SELLER AND/OR OTHER SOURCES WE BELIEVE RELIABLE AND EVERY EFFORT HAS BEEN MADE TO PROVIDE ACCURATE INFORMATION. HOWEVER, THE BROKERS INVOLVED ARE NOT RESPONSIBLE FOR MISSTATEMENTS OF FACTS, ERRORS, OMISSIONS, PRIOR SALE, CHANGE OF PRICE, OR WITHDRAWAL FROM THE MARKET WITHOUT NOTICE. OWNERS ARE NOT TO BE CONTACTED DIRECTLY BY REFERRAL BROKERS OR PROSPECTIVE PURCHASERS. ALL ARRANGEMENTS FOR INSPECTION OF THE PROPERTY MUST BE MADE THROUGH THE LISTING AGENT.
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