Condo for Sale in Terraplen, Panama

Water Front Historic Apartment Casco Viejo Panama

Are you constantly looking where the next Greenwich Village or Soho might be?. Then you know the best investments are being made by cutting edge visionaries with a long term approach. No one has best fundamentals: Water front, historic city, protected. Welcome to Terraplen! Casa Malecón is the first project to break ground in the ocean front boulevard of Casco Antiguo. Two blocks away from planned government parking, commercial and pier restoration project. The Cinta Costera project already under construction and scheduled to be delivered in 3 years, will provide with a huge park/ green area walking distance from the project (see http:///watch?v=T7z6cK_q5b8 ) It has a beautiful wide ocean front boulevard, easy access and stunning views.




Casa Malecón Fact Sheet


LOCATION: Terraplen, Calle Pablo Arosemena, Casco Antiguo
FINCA: 4628
DEVELOPER: SALZBURG HOLDING, S.A.
ARCHITECT: Enrique Restrepo

THE BUILDING

Will consist of: Four (4) parking units and One (1) Commercial Space on the Ground Floor, Two (2) Apartments on the First Floor, and Four (4) Apartments on the Second Floor.

APARTMENT No. 2:

Price: $320,000
Area: 140 mt2
Includes: Lobby, dining/ living room, open balcony, kitchen w/pantry and laundry, visitors’ bathroom, and two (2) bedrooms with their respective bathrooms.
Not included: Furnishing, lighting or bathroom accessories (for example soap dish, towel rack and toilet roll holder, light fixtures, etc.).

APARTMENT No. 4:

Price: $420,000
Area: 183 mt2
Includes:Dining/ living room, open balcony, kitchen w/pantry and laundry, visitors’ bathroom, two (2) bedrooms with their respective bathrooms and private roof terrace.
Not included: Furnishing, lighting or bathroom accessories (for example soap dish, towel rack and toilet roll holder, light fixtures, etc.).


FINISHES:

The Apartments shall be delivered finished as follows:

? Tile floors in lobby, hallways, living/dining room, kitchen, and guest bathroom.
? Tropical Hardwood floors in the bedrooms
? Imported tiles on floors and partial walls in 2 bathrooms adjoining bedrooms.
? Imported bathroom fixtures, bathtub and faucets.
? Italian luxury kitchen with granite countertops
? Intercom security entry
? Connection for Cable TV, Satellite and Internet systems
? Kitchen Appliances (high class brands, e.g. Ariston Oven and Stove, LG double door fridge, etc.)
? Front load washer and dryer (LG, Samsung, GE, or equivalent brand).
? Recessed lighting in living and kitchen areas.


PARKING:

4 units available for individual purchase at $20,000


PAYMENT SCHEDULE:

10% at Signing
20% in 60 days after Signature of Contract
Letter of Payment 150 days after Signature of Contract


CONSTRUCTION SCHEDULE:

14 to 20 months
Start of construction: January 2008


MANAGEMENT:

A General Proprietors’ Assembly will be formed and an initial fund of $400 as seed capital will be requested along with the last payment, to be part of an initial administration fund that will be managed by the Developer with the obligation to render account to the General Proprietors’ Assembly.