Nikki Beach Resort & Residences - apartments, lofts & hotel condos
Nikki Beach Resort & Residences, a luxurious master planned and gated residential community, is located in one of the most beautiful beaches of the Republic of Panama. Nikki Beach will be a spectacular five star Panama real estate project with an exclusive beach club, a Polynesian-style spa, fully equipped gym, restaurants with the finest cuisine, and bars for socializing with friends and family.
10 Reasons to Invest in Nikki Beach Resort & Residences
- Beachfront location
- Playa Blanca is one of the most beautiful beaches in Panama
- The design of the residences is spectacular
- Residences are exempt from real estate taxes. Condo hotel units are exempt for 20 years, residences and loft are exempted for 5 years.
- Up to 4 weeks FREE annual vacation (only applicable on condo hotel units)
- Rental programme offered for the condo hotel units
- Only 80 mins from Panama City
- Second free trade zone in the world
- Panama has the fastest growing economy in Latin America
- Panama has shown a 15% to 20% appreciation p.a.
Location
The Playa Blanca district is located on the Pacific coast of Panama, a 75-minute drive southwest from Panama City, This colourful, cosmopolitan city offers Spanish colonial ruins, sensational museums, beautiful parks, a breathtaking skyline and a fantastic array of restaurant, convention and banking facilities. Playa Blanca also has a regional airport 5 minutes away from the main town - centre called Rio Hato.
Panama is rated amongst the fastest growing and most desirable investments, business and real estate markets in Latin America. Besides tax breaks and a warm welcome, international investors say they also like Panama’s expanding operations at the Canal, political stability, sophisticated financial centre, low crime, plus one of best retirement programmes in the world.
Residences
Nikki Beach's sophisticated and glamorous beach style gives Panama real estate development an exotic touch along with elegance. You will find your uniquely designed residence to be outstanding with large open ocean view terraces and all the comforts.
Condo Hotel Apartments
There will be 140 condo hotel units, all beachfront with ocean views
|
Unit Type |
Size |
Prices From |
|
2 bedroom |
120m² |
US$354,000 |
|
Penthouse 3 bedroom |
231m² |
US$675,000 |
The units boast features such as:
- Balcony or terrace
- Floor-to-ceiling glass windows to allow unobstructed views of the surrounding areas to enjoy the beauty of the Pacific Ocean.
- Luxurious kitchenette with granite counter tops equipped with a stainless steel double door refrigerator, microwave, dishwasher and stove
- Air conditioning
- Floor tiles in the living room and dining room, while exotic bamboo floors in the bedrooms
- Furniture package will be available, starting from US$15,000.
Condo hotel owners will have the opportunity to place their units in a rental program. The rent revenue generated by the holiday homes when not in residence will help defray the costs of ownership.
There are two rental programmes, depending on condo type
- Type A & C: The second bedroom goes into the hotel rental program for 11 months out of a year. Available in Condo.
- Type B: The whole unit goes into the hotel rental program.
Rental income is calculated as follows
Published rate minus 22% Operational Costs=Net Rate. Owner gets 40% of the Net
Rate. With a 70% estimated annual occupancy, the ROI is approx. 8%.
Lofts
There will be 34 luxury duplex lofts in each tower.
|
Unit Type |
Size |
Prices From |
|
1 bedroom |
97m² |
US$247,835 |
|
2 bedroom |
130m² |
US$331,825 |
The bi-level lofts boast features such as:
- Balcony or terrace
- Double height windows (5.4 m), boasting panoramic view of the ocean
- High-quality Bamboo floors
- Marble floors
- Details made with special Murano glass
- Bar-Kitchen with special design Italian Furniture
- Master Bedroom with w/closet with view to the “Zen Bathroom” with Italian shower and tub
There will be a management program available for owners.
Furniture package will be available.
Apartments
Nikki Beach luxury Residences will consist of truly luxurious and elegantly designed ocean view apartments set into five story level towers featuring two apartments per floor.
Owners will have access to a Private Social Area; Pools and BBQ Area.
|
Unit Type |
Size |
Prices From |
|
3 bedroom |
191m² |
US$496,600 |
|
3 bedroom |
206m² |
US$516,640 |
The apartments boast features such as:
- Balconies
- High Quality Bamboo floors
- Marble floors
- Murano glass details
- Central Air Conditioning
- Glass windows from floor to ceiling
- Elevators
- Underground parking
There will be a management program available for owners
Furniture package will be available.
Maintenance approx. US$1.50 per sqm.
Facilities & Services
The development will boast a 5 star, 100 room Nikki Beach hotel. The hotel will offers facilities and services such as
- 11,000 m² (100,000 ft²) Beach Club
- Polynesian-style Spa
- Fully equipped gym
- Sushi Bar
- restaurants
- Wet bar
- Infinity Pool
- Valet Parking
- Concierge Services
- Private Butlers
Purchase Details
To reserve a residence, there is a US$5,000 deposit, followed by 10% minus the deposit 15 days after the reservations. This is followed by stage payments until completion
Condo hotel construction started on June 2007, construction should be completed on December 2008. Residences construction started on December 2007 and should be completed on June 2009. Lofts construction will start June 2008 and completed on December 2009.
Buyers will hold full title to your property with a publicly recorded deed of sale.
Closing costs are estimated to be less than US$2,000. A resale program will also go into effect when 85% of the building has been sold.
The preferred lender on the project will be HSBC and Scotiabank.
Hot Properties Worldwide is an authorised sales representative of The Legend International Waterhomes
Hot Properties Worldwide is an authorised sales representative of Nikki Beach Playa Blanca
