Panama Real Estate and Relocation for Green Investors
CocoHill, Old Bank, Isla Bastimentos, Bocas Del Toro
Bastimentos Highlight : Vegan Restaurant/Bar and Rental Cabanas, steps from beaches
3 Cabanas and a central building, 502.87 m2
150,000 $ USD
Coco Hill is located on Isla Bastimentos, set above the iconic Rasta town, Old Bank, A seven minute walk takes you through the vibrant community, up a magical path of illuminated stepping stones to a relaxing nest in the shade of the jungle. Numerous bananas, papaya, Katuk and lots of other edible fruits and vegetables grow in the garden, intertwined with the beauty of nature, CocoHill is a paradise.
Old Bank in only a 5 minute water taxi from the center of Bocas Town, the hub of tourism and where the airport is located. Isla Bastimentos is known for its exquisite beaches , turtle habitats and surf.
CocoHill is located on one of the only two pathways to the golden Beaches of the 'Open Ocean' side of Bastimentos. A 20 minute walk out the back door of CocoHill brings you to one of the most beautiful and lesser frequented beaches in the Bocas Del Toro Archipelago- Wizard Beach.
An extra 750 m2 of R.O.P land adjacent to CocoHill is available for the low price of 40,000$ USD, this includes a rustic 2 story home.
CocoHill is an income producing property, with a great reputation and 2 businesses currently operating : the 3 Cabin Rentals and the Vegan Bar/Restaurant. The location, directly on one of the few pathways to the beaches, invites a constant flow of surfers and beach goers for food and drinks daily. Other creatures frequenting the establishment include Monkeys, Sloths, Toucans.
The businesses have all their current licenses and Permits, a Full liquor license is hard to come by these days, and will be transferred with the sale of the titled land and the business corporations. The current concept could be further evolved into a yoga/surf retreat or an Eco/Permaculture Lodge.
At Cocohill, business owners benefit from 3 streams of clientele, those who stay at the BNB, those who have heard of the excellently rated Vegan Food, and those who pass by. Cash flow analysis available upon request
CocoHill Boasts one of the best hill top views of the Caribbean sea from the Loft/Bar/Restaurant. The loft currently has a double bed for management, but building permits have been approved to raise the roof and enclose the loft to create a more structured third floor apartment.
Buildings on the site also include a water catchment system, a separate thatched roof rancho / yoga area and three 16X16 ft cabanas, each with their own bathroom. Surprisingly the property is on the grid with city electricity.
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