Located in one of the most attractive coastal areas of Las Galeras, this 21,470 m² beachfront property, with direct access to a beautiful white-sand beach and crystal-clear waters.
The property represents a particularly interesting opportunity for investors and developers, with the possibility of acquiring the land together with a partially developed real estate project designed to create a residential complex of 36 apartments, arranged in two buildings of 18 units each.
The project was conceived by an architect around a clear business concept and is designed for the sale of individual units, taking advantage of a privileged beachfront location in one of the most beautiful natural settings in the Dominican Republic.
Infrastructure Already in Place
The property benefits from existing infrastructure. The access road has recently been improved and paved, and water and electricity are available, facilitating the development of the project.
According to the current planning, the estimated timeframe for completing the overall project is approximately 2.5 years, including approximately six months for permits and approvals and around two years for construction.
Once construction is completed, the apartments will be ready for immediate use. A furniture package can also be considered for the units, providing buyers with a turnkey solution.
Feasibility Study
An economic and financial feasibility study has been prepared based on two different investment scenarios.
The first scenario takes into account revenues generated by selling units during the construction phase, resulting in an indicated ROI of 42.26%.
The second scenario does not take into account revenues from sales during construction and indicates an ROI of 26.42%.
The figures and projections contained in the feasibility study are indicative and should be independently verified by the investor based on the final project, updated costs and applicable approvals.
Key Features
- Land area: 21,470 m²
- Location: Las Galeras
- Beachfront: direct access to the beach
- Project: 36-unit residential complex
- Configuration: 2 buildings with 18 apartments each
- Access: paved road
- Utilities: water and electricity available
- Estimated development period: approximately 2.5 years
- Land price: US$120/m²
- Total price: US$2,576,400
A rare opportunity to acquire a substantial beachfront property in one of the most attractive areas of Las Galeras, with the possibility of developing a pre-conceived real estate project supported by a feasibility study.