La Meridiana Condominiums- Project with amazing location-room for expansion

Price
$12,500,000 Reduced 7%
Price/M²
$5,208
M² of construction
2400
Bedrooms
10
Bathrooms
20
Parking
More

La Meridiana Condominiums- Project with amazing location-room for expansion

Category

Sale

Published

17/06/2022

Location

Tamarindo

Price

$12,500,000 Reduced 7%

Price/M²

$5,208

Lot Size

26000

Maintenance Costs

120

Room Height

Techos altos

Year of construction

2004

Balcony/Terrance

terrace

Swimming pool

yes

Type of Floor

Porcelain

Benefits

Refrigerator
Microwave
Stove
Near a School
Pet Friendly
Mountain View
Maids Quarters
Storage
Garden or Park
Kids Park
A/C
Patio
BBQ Area

Property

Excellent location close to all schools, amenities and beaches
Producing +10% ROI (long term rentals), room for expansion, can be purchased in different scenarios.
Beautiful architectural design and layout, very spacious and comfortable.
La Meridiana is situated in a tranquil environment dotted with palm trees, with swimming pools and green mountainous views spread out along the horizon, lawns and leisure areas are impeccably groomed, providing the ultimate luxury and comfort.

The Guanacaste district in which La Meridiana is located is an evolving tourist destination that draws a crowd of residents from around the world, especially the United States and Canada. The atmosphere in the area is young and vibrant.

A short distance from the compound:

3 successful schools, shopping centers, restaurants and super-Markets, beaches and entertainment venues for the benefit of residents and tourists.

Construction plans are approved for a total of:

- 84 luxury apartments and one level units
- 120 parking spaces
- Tennis Court & playground
- 2 big pools
Total land of 25,000 Square meters.

Already Built and Rented:

- 24 luxury apartments finished and furnished fully rented, distributed as follows;
- 4 units – 1 bedroom apartments
- 10 units – 2 bedroom apartments
- 10 units - 3 bedroom apartments.
- 8 Condo buildings in architectural design
- Main pool
- Tenants with annual contracts

Currently under construction (concrete stage) - will be delivered finished brand new, 32 luxury apartments distribured as follows;
- 4 units – 2 bedroom 80m2 apartments
- 12 units – 3 bedroom 100m2 apartments
- 8 units – 4 bedroom 140m2 apartments
- 8 units – 1 bedroom 50m2 apartments
- Tennis court + Fitness Studio
- small commercial center with a restaurant, offices and kinder garden, all to provide greater amenities and comfort for the complex residents.

* Buyer can decide if to rent long/ short term or to sell individually in a hot market with low inventory.

Bonus development parcel:
- Land for additional 40 or more units – developed with infrastructure, only need to renew the municipal permits already obtained few years ago.

Summary:
- 24 fully rented condos
- 32 brand new condos
- 1.3 Hectare land for development

Current investment group owns 100% of the property. The project is for sale as one, however investors are open for selling whole blocks offering attractive ROI with existing long term rentals, and additionally open for a scenario of a 50/50 partner or joint ventures to continue developing the project.

ID: 011655

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