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property investment
Panama Gatun
panama
Reasons to Invest
Only 30% deposit required
70% mortgages available
Fully furnished turn key property
Expected yields of 15%*
No property tax for 20 years
$1000 price increase every month until completion
Development Features
Located only 5 miles from the Gatún Locks on the Atlantic side
1 bed apart/hotel units available
Prices start from $65,000 (£33,180 approx.**)for a studio with a kitchenette
(only 16 available) and $102,500 (£52,340 approx.**) for a one bedroom
apartment.
Summary
Panama Gatun is located in the area of Espinar Colon, only 5 miles from the
Gatún Locks on the Atlantic side. The hotel/condo is a brand new building within
a prime location in the Old Fort Gullick or Escuela de Las Americas, an American
Military Base.
The Project
It is 10 minutes from Zona Libre Colon, the 2nd largest free zone area in the
World, which has estimated sales of 11 billion dollars a year and attracts over
275,000 visitor/buyers. The hotel/condo is also only 10 minutes from the Port of
Cristobal and Colon 2000 which received more than 340,000 tourists last year
which is expected to increase even more when the final approval to make Panama a
home port for major cruise lines goes through.
The potential of this property investment is huge as the expansion of the Panama
Canal was approved at the end of October 2006. Panama Gatun is only 5 miles from
the Gatún Locks on the Atlantic side and when the 3rd set of locks begins
construction, the Panamanian Government is expecting more than 8,000 off-shore
personnel to arrive in this area for a period of seven to eight years. This will
benefit investors with assured monthly and yearly rentals to engineers and
supervisors that need accommodations from the trans-national companies.
Prices & Payment Details
Prices start from $375,000 (£193,299 approx*)) for a hotel/condo room. Due to
popular demand, units in this development sell on a daily basis. Please use our
enquiry form to request a full colour brochure, current availability and price
list.
Reservation Fee
$1000 (30 day money back guarantee)
Within 30 days
30%
On completion
Balance
Completion Date
please ask for details
* Terms and conditions apply. **Currency equivalents are based on approximate
conversion at time of writing and are subject to fluctuation. To save money on
currency exchange use Staymove FX.
Other costs
The maintenance fee will be $2 per sqm each month and this will be used to
replace furniture, fixtures and equipment in your unit as and when needed. This
will also take care of your cleaning fee. The Hotel will charge a 30% fee for
managing your property.
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