La Meridiana Condominiums is offering an incredible opportunity for real estate investors looking for a project with great ROI!
The project is currently offering over 10% ROI for long term rentals, has plenty of room for expansion, and is offering a multitude of ways for investors to invest in the project. Much greater ROI potential for investors who purchase extra parcel and build units to sell.
The Condominiums are located in an excellent location, close to 3 successful schools, shopping centers, restaurants, the surfing and nightlife of Tamarindo, and the best beaches in the Guanacaste Region of Costa Rica.
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.
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