Panama Gatun Location Panama Colon Available units    Studio 24m2 - 24m2 from $59,000 to $59,000    Studio Kitchenette 29m2 - 29m2 from $69,000 to $69,000    Studio Kitchenette Loft 29m2 - 29m2 from $79,000 to $79,000    1 Bedroom 46m2 - 46m2 from $101,500 to $101,500 Delivery date: April 2008 Mortgage calculator Add to shortlist Property ID: 264967          Description Key selling points 13.6 % net yield achieved at 60% occupancy Occupancy rate expected to be well above 75% No property tax for Twenty years Condo/Hotel with a prime location close to Panama Canal No income tax for twenty years Maintenance 2 dollars per m2 This property is currently under construction and is expected to be completed April 2008. It is a brand new Condo/Hotel with a prime location. With this unique development you can acquire a turn key operation with Franchise requirements, that are sure to accommodate the highest standards . (Great Western). This Condo/Hotel is located in the area of Espinar Colon, 500 meter from the 5-star Hotel Resort, Melia Panama Canal. It is just 10 minutes from Zona Libre Colon, the 2nd largest Free Zone Area in the world. This Free Zone area has estimated sales of 11 billion dollars a year bringing along with it, 275,000 visitor/buyers per year. Tourist Attractions are many but just to name a few: • Fuerte San Lorenzo • Fuerte Portobello • Panama Canal Gatún Locks • Isla Grande (a surfers paradise) and many Caribbean white-sand beaches. The project is located in the bird watching path for migratory birds and great Eco tourism. Units • Studio Kitchenette Lofts and large Window - 29 m2 • 1 bedroom- 46 m2 • Studio Kitchenette 1st to 4th floor large window- 29m2 • Studio reduced cooking facility 2nd and 3rd floor -24m2 All with kitchen Methods of Payment • 1st option Cash purchase: receive a 10% discount on your Condo Pre-construction. If you buy 2 or more units cash you get a 15% discount Pre-construction phase until the end of March 2007. • 2nd option 30% Down Payment and balance at closing (with a local Bank) Pre-construction receives a Voucher before Jan 31 for 5% good at Closing • 3rd option Receive Financing from the Developer with a 5% Down Payment and 24 consequent monthly installments at 0% interest rate* *If you make your monthly payments on time on the first 10 days Of the month you will receive a Voucher of 2% discount applied to your last payment.                  Make an enquiry: TheMoveChannel.com is a property listing platform for estate agents, developers and private owners. For further details of the properties listed on the site, you must register/login and make an enquiry using the form that will appear on this page. Your enquiry email will then be sent directly to the person or company responsible for listing the property. Click here to register Email: Password: (forgot your password?) Loyalty bonus: minimum £25 from TheMoveChannel.com on completion when you buy this property. Click here for details of our loyalty scheme                 Get emails featuring more properties like this! Properties like this regularly feature in email newsletters that you are not signed up to. Opt in to receive newsletters by checking any relevant boxes below: Enter your Email:  Panama News Global Investment Overseas Showcase