REAL ESTATE FOR SALE (OFF-PLAN) ($ USD 65,000)
Apartment for sale in Escuela de Las Americas Espinar Colon Espinar Colon Panama

Reasons to Invest
Only 30% deposit required
70% mortgages available
Fully furnished turn key property
Expected yields of 15%*
No property tax for 20 years
$1000 price increase every month until completion

Development Features
Located only 5 miles from the Gatún Locks on the Atlantic side
1 bed apart/hotel units available
Prices start from $65,000 (£33,180 approx.**)for a studio with a kitchenette (only 16 available) and $102,500 (£52,340 approx.**) for a one bedroom apartment.
Summary
Panama Gatun is located in the area of Espinar Colon, only 5 miles from the Gatún Locks on the Atlantic side. The hotel/condo is a brand new building within a prime location in the Old Fort Gullick or Escuela de Las Americas, an American Military Base.

The Project
It is 10 minutes from Zona Libre Colon, the 2nd largest free zone area in the World, which has estimated sales of 11 billion dollars a year and attracts over 275,000 visitor/buyers. The hotel/condo is also only 10 minutes from the Port of Cristobal and Colon 2000 which received more than 340,000 tourists last year which is expected to increase even more when the final approval to make Panama a home port for major cruise lines goes through.

The potential of this property investment is huge as the expansion of the Panama Canal was approved at the end of October 2006. Panama Gatun is only 5 miles from the Gatún Locks on the Atlantic side and when the 3rd set of locks begins construction, the Panamanian Government is expecting more than 8,000 off-shore personnel to arrive in this area for a period of seven to eight years. This will benefit investors with assured monthly and yearly rentals to engineers and supervisors that need accommodations from the trans-national companies.

Please contact us for payment details