3 Story For Sale in Sosua

• 963 sq. m. 3 story - MLS® $550,000 USD

Sosua, Puerto Plata  -  This was once a successful and great place for tourists to stay years ago. The Hostal de Lora is located in the heart of Sosua on the Northern Coast of the Dominican Republic in the province of Puerto Plata. Sosua has gained a reputation for fun, sun and relaxation, and has been labeled by tourists as “The Acapulco” of the Dominican Republic.

Hostal de Lora is within walking distance of many facilities - a rental car is not needed. Banks restaurants, entertainment, and shops are right at the doorstep. Moreover, the beach is nearby and only a 5 minute walk away.

When the Hostal was open and operational, the following rooms and services were available.

12 – 2 bedroom unit with 1 bathroom:
Each unit with an interior space of 6.5 by 10.6 m (68.25 sq. mts.) along with a balcony of 2.6 m by 3.3 m (8.58 sq. mts.)

2- 1 bedroom penthouse with 1 bathroom and rooftop terrace:
The interior of each unit has 48 sq. mts. and a terrace of 24 sq. mts.

Lobby bar (24 sq. mts.)

Restaurant area 48 sq. mts. w/outside terrace of 48 sq. mts. (kitchen not equipped)

* The 1st building faces street and the 2nd building faces the ocean.

EXTERIOR FEATURES

Convenience store (42.25 sq. mts.) on the corner of the property.
Pool and waterfall area in the center of complex

The Hostal has not been open and trading for some considerable time. I believe this could be an appropriate time to convert the rooms of Hostal de Lora to condominiums while people are searching for condos conveniently located to amenities.

This is an investor’s dream that could yield big returns. The Central bank has possession of the property and is eager to sell at the discounted price of $550,000.00USD. Financing is available by the Central bank.

Contact the Real Estate consultant for more information on how to purchase this property today.

Property information