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Key selling points
- Turnkey opportunity with no extra costs
- Monies fully bank bonded in Escrow
- Fully managed and fully furnished - all with ocean views
- Tax breaks for foreigners law 306
- Mortgage finance available
- Personal usage at any time
Peaceful San Juan del Sur is Nicaragua's leading beach resort destination for both tourists and locals. An 1.75 hour drive from Managua or under an hour from Liberia, Cost Rica on paved roads, the town has restaurants, hotels, medical facilities, internet service, sport fishing boats, and many nearby pristine beaches to visit. Bahia del Sol Villas are in the exclusively residential area on the north side of the bay within walking distance of the beach and town.
Nicaragua's best real estate investment features include:
- Having the largest condominium units in Nicaragua means rental income from Latin families as well as North Americans. This can only increase your return on investment in Nicaragua real estate.
- Every unit is an ocean view unit Walking distance to the beach and town of San Juan del Sur
- Located in the best residential neighborhood in San Juan del Sur close to million dollar homes Qualified for tax benefits under Law 306
- All owners not in residence share in all income from the property True bank mortgage financing for foreigners available Title insurance Operating company to rent condo units Short drive to many of the best beaches in Nicaragua. Surfing, fishing, hiking, sailing, and other tourist attractions are all minutes away.
- Two swimming pools, restaurant, and bar on property Gated entrace with 24 hour security Small, peaceful, friendly, and safe San Juan del Sur's excellent harbor is the only one on Nicaragua's Pacific that can host a cruise ship today.
On completion of the new dock under construction there is no question that that the number of ship arrivals will increase substantially over the eighteen in 2005. There is already a good choice of restaurants, shops, and banks with ATM services. Substantial funds have been committed to upgrade the town's medical facilities with a modern clinic. Two factors are especially important to the buyer seeking investment potential. First, San Juan del Sur is already a leading destination for tourists visiting Nicaragua and for more affluent people in Managau and within Central America.
The Calvet study indicates that there is a significant shortage of quality hotel rooms in the market. This means the probability of strong occupancy and higher rates is greater in San Juan del Sur than other locations. The political climate in San Juan del Sur is also favorable for long term growth and capital appreciation. The local government realizes that uncontrolled growth will destroy the character of San Juan and the opportunities for increased prosperity in the future.
They want planned growth with no high rises, not any growth. This in combination with the limited supply of developable land close to town and beach is favorable to capital appreciation for those who buy now. Tax Benefits and Law 306 Bahia del Sol will be structured and operated along the lines of a condo-hotel project in the U.S. It is planned specifically - and has already been approved - to take advantage of
Nicaragua's Law 306, this law provides: 80 to 100 percent income tax exemption, depending on the type of activity provided Total property tax exemption for a period of 10 years Sales tax exemption on building design and supervision contracts Import and sales tax exemption for 10 years on design and construction materials and equipment Import and sales tax exemption for 10 years on furniture, equipment, vehicles and accessories.
You can sell your unit at Bahia del Sol at any time during the ten years and still pay no capital gains tax in Nicaragua! In order to qualify for this special incentive for tourist development, the developer is required to make the accommodations available for rent approximately nine months (or 225 days) a year. Request more details on this amazing project now.
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