Basti Town Bungalows

Old Bank, Isla Bastimentos, Bocas del Toro, Panama
$ 395,000.00

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Quick Info

Date added: 07/03/20 Bedrooms: 2 Bathrooms: 3 Lot size: 1543.27 m²
Status: Type:

Description

OVER THE WATER BUNGALOWS, VACATION RENTAL AND RESTAURANT

Located in, the one and only Old Bank on Isla Bastimentos, a lively, colorful community with a Rasta vibe, there’s never a bad day.

 

THE LAND

​With 1,543.27 m2 of virtually no-maintenance land, a big water concession with over the water vacation rental and Restaurant, this successful little operation is a great investment you can grow. A permit is in place to expand the operation with 4 more Bungalows.

THE BUSINESS

​This little hotel has made its mark in Bocas Del Toro tourism, with its two cabins sitting proud over the turquoise sea, and a powerful online presence on most rental platforms.

  • ‘Very Good’ reputation on Booking.com
  • 51 Google reviews earned them a 4.6 / 5
  • 85 Trip Advisor reviews averaged at 4.5 / 5
  • 112 reviews on Airbnb scored a 4.8 / 5

A neat and steady increase in net profit over the last 3 years can leave buyers confident in this hotel investment.

THE BUILDINGS

​Two bright one bedroom cabanas stand on stilts over the sea, and are connected by a 2 meter wide dock. Each bungalow features a spacious luxury bathroom with hot water shower, a romantic king-size four-poster bed with mosquito net and unobstructed sea views via a collapsible 12 foot window wall, and a open-air deck with 180 degree views of the Caribbean and neighboring islands.

The restaurant and bar are accessible to the public by land and sea. They feature international cuisine and tropical drinks with an emphasis on fresh, local, and organic ingredients. The restaurant is open for lunch and known for the TACOS!

 

If you are searching for the right BnB to make your own, take a look at Roots Real Estate Panama’s Commercial page!

View on map / Neighborhood

Amenities

  • building permits
  • cabana
  • city electricity
  • city water
  • dock
  • professional kitchen

Features

  • proximity to beach
  • proximity to national park
  • proximity to town
  • rental income
  • waterfront
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