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Estancia Catalina, Estancia Catalina
Property reference
459-554-791
Property particulars
| Prices from USD 148,150 |
|
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Property description
Key Features
* Site is unique and unparalleled in natural beauty
* Extremely low density with only 120 land plots of at least 2.5 acres on a 5,500 acre site!
* Undervalued land – only $15 per sqm
* Existing boutique hotel on-site with 78% annual occupancy and charging a nightly rate of $500
* Argentina 2nd most popular tourist destination in South America behind Brazil
* FDI was $4 billion in 2007
* Affluent country with wealthy Argentines now owning their own houses and wanting to purchase 2nd homes
* Tourism revenue increased 21% in 2006
Description
Estancia Catalina offers an unique opportunity to purchase below market value land plots in one of South America’s most beautiful regions on an estate already home to a successful boutique hotel, fantastic polo facilities and nearby horse riding stables.
Argentina is a large and very diverse country and for this reason it’s popularity as a tourist destination is ever increasing, making it now the 2nd most popular tourist destination in South Amercia. From the vibrant buzz of its capital city and the breathtaking Patagonian lake-district to the much talked about wine producing regions and the awe-inspiring glaciers - there is something for everyone.
What is encouraging in Argentina though is that although it appeals to foreigners, its biggest fans are its own population and many more Argentines are choosing to holiday in their own country. This has led to a demand for 2nd homes from many wealthy Argentines to use as holiday or weekend retreats.
Location
The Cordoba province is well located just 1 ‘hours’ flight time from Buenos Aires and for this reason is becoming a weekend hotspot for many Argentines.
The Estancia is very easy to reach as it is just one hour and 20 mins drive (40 miles) from the city of Cordoba.
Properties
For the last eight years, guests have been staying at the renowned Dos Lunas boutique hotel, many of whom return time and again and have also enquired as to whether there are any plans to build extra property on the spacious grounds of the estate. The hotel can charge nightly room rate of $500 per night and yearround occupancy is averaging at 78%.
It is for this reason that the developer is purchasing both the hotel and the surrounding 5,500 acres of land with the aim to create an exclusive residential development of 120 houses to compliment the hotel and meet the local demand for property ownership in the area.
Should investors choose to develop on the land plot, the developers will offer a full design and build service using world-renowned architects BMA.
Property Frontiers are pleased to market land plots of 10,000 sqm in size for £75,000.
Payment Schedule
* A reservation deposit of £3,000 is required
* 50% of the purchase price (less deposit) upon signing PPC
* 50% of the purchase price upon signing Formal Contract of Sale and Purchase
* The final payment of 50% of the purchase price can be paid using developer financing
What's on Offer?
* 2.5 acre land plots available from £75,000
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