The objective of this business proposal is to build an upscale condo hotel in one of the last beach front lots in the trendiest town of the DR, Cabarete, with at least a 50% return on investment in a period of two years. The project, called The Mystique, is conceived with its architectural and governmental authorization process in near completion and is up to last modification possibilities to be implemented by investors saving more than three years of work. The land with the project is offered at US$ 3.5 million. Apart from the US$ 3.5 million to buy the land, the investor would need an additional US$ 3.5 million to develop the project. The remaining capital for the project will be earned through the sales of the condos. Co-development with the land owner is also a possibility.
The Mystique blends in its design the elegance and bohemian life style of Cabarete. It is located on the East Side of Cabarete with more than 80 m (256 feet) of beach. In this prime location, it is located within short walking distance to the center of town, but off the populated main beach. The project consists of 98 rooms, which can be divided up to 69 units or apartments; 20 studios with 63 m2 (677.88 sq. ft.), 20 one bedroom condos with 93 m2 (1,000.68 sq. ft.), 16 two bedroom condos with 156 m2 (1,678.56 sq. ft.) and 13 two bedrooms penthouses with 217 m2 (2,334.94 sq. ft.), for a total of 8,434 m2 (90,783 sq. ft.) space to be sold. Since the condos design is flexible, studios, two and three bedroom condos can be adjusted depending on market preference.
- Lot size of 15,500. m2 (3.75 acres) - Beach front extension of 80 m wide (256 feet wide) - Gated community - 24 hour active and passive security system - Back up electricity generator - Condo-Hotel Operation with Lock Off Units - 79+ Parking spaces - Gym, Beach Club & Restaurant, Beach deck - Lobby & Administrative Office - Tropical landscaping - Water canal leading to large Pool - Housekeeping, Laundry & Maintenance Room