Calling all developers-Investment Opportunity $US1,450,000

Developer required to take on this opportunity in the hills of Sosua. Due to a change of circumstance, the founder of the community is keen on pursuing other interests outside of the area.

On-site already exists 4 houses, 3 of which are sold and 1 of which is included in the asking price. The house retail value alone is in the region of $US900,000. Remaining within the development are 20 building lots with an average retail price of $US64,000. In addition, further returns are provided my managing the house construction to the specification of the client. Average mid-end construction costs in the area are running at $US 800 per m2, with a retail finished price of approx $US 1,400 per m2

The development is located about 30 minutes from the international airport at Puerto Plata, 15 minute drive to Sosua, with it's choice of supermarkets, banks, shopping facilities and off course the beach and approx. a 20 minute drive away from Cabarete and access to it's surfing facilities and vibrant nightlife.

The existing developer has already laid out the internal infrastructure including roads, water lines, electricity and back-up generator. Each land plot already has the dislinde and individual titles in place. Building plans for the remaining villa designs and construction are also available. The hard work has already been done! Contact us for me details on this exciting opportunity.

General Amenities
Interior Amenities
Exterior Amenities

Lot Size : 18090 m2
HOA : Yes
Address Hidden
Sosua, Puerto Plata
Dominican Republic
Sale Type: For Sale or Lease
Ref #: CM1008
Sandy Parekh
Remax Coral Bay Realty

P: 1-809-571-9990
Contact Agent