Location: Panama
Company: Worldwide RE Services
Price: USD $ 225,000

Grandbay Tower Panama

Grandbay Tower Unit 804 available now unfurnished condo. Why wait when you can own now.

Apartment features:

• Apartment size 1,097 Sq Ft
• Double acoustic, thermal and isolating glass
• Imported floors
• Spacious and elegantly finished bathrooms
• Kitchen furnishing with ultra modern designs from ARDECO’s Euro collection
• High end fixtures

Common area features:

• On the top floor: swimming pools, sauna, Jacuzzi, roofed-terrace and open air spaces with amazing panoramic views
• Meditation garden in the 22nd floor

GrandBay Tower Location:

• GrandBay Tower, located on Ocean Front of Banking District on Balboa

  Avenue, is in the middle of everyting and within walking distance from best

  restaurants, entertainment, malls, hotels, parks, monuments, banks and a huge

  variety of other amenities.

• Balboa Avenue is one of Panama´s most scenic and elegant areas of the Capital.

  Gorgeous views of the Bay of Panama, Casco Viejo (historic district of Panama)

  and Panama City skyline are unparalleled.

• Panama became financial and trade center of Latin America (about $40 Billion of

  foreign investment in next 5 years in country with population 3 million)

Huge potential for Rental Income:

 

Keep in mind that hotel occupancy rate in Panama City is above 90% (even

before 5.5 billion Panama canal and 2 ocean megaports reconstruction started)

and there is ONLY ONE hotel "Merrimar Continental" (about 20 floors tower)

located on ocean front in Banking District.

 

Apartments in GrandBay Tower have huge rental potential as they are located on

the Ocean Front of Banking District and fit well for high level executives -

especially this type#5 unit as it allows to have office instead of  dining room.

 

Developer Empresas Berns set up  company "Property Management Solutions"

(www pmsolutionspanama com) that will take care of ALL your needs:

• furnishing (several packages are available)

• renting your unit Short or Long term (including collecting rent)

• take care of your unit when you are away

 

As of Oct 2007 Rental Rates for Direct Ocean Front 1bd 100m apartment

(in less upscale tower next to GrandBay Tower) are around:

==================================================

-Furnished units (direct Ocean Front):

      1 week ~ $1,400

      1 month ~ $3,300

      Long-Term Furnished ~ $2,800/month

-Unfurnished (with lamps, curtains) ~ $2,200/month

-Long-Term Semi-furnished (with curtains, lamps and appliances)~$2,500/month

 

GrandBay Tower features:

• 40 floors fully covered in glass.

• On the highest level, a recreational oasis, with bars, swimming pools, sauna,

 Jacuzzi, roofed-terrace and open air spaces with amazing panoramic views for

 socializing and    entertaining is waiting for you.

  This level also includes a gym and a game room for the residents.

• Meditation Garden in 22nd level is the ideal place to relax with its unique vista.

  This space has a soothing ambiance for meditation and unwinding.

• Modern lobby

• Most recent development of Empresas Bern - the best known Panama developer.

 

Features - Amenities

 

• Laundry Room in apartment

• Pool

• Gym/Spa

• Cable TV

• Direct Ocean Waterfront and City View (corner unit)

• 40 Story Building

• 3 Levels Of Aboveground Parking Spaces

• One Parking Per Apartment              

• Luxuriously Designed Lobby

• 3 High Speed Passenger Elevators

• 1 High-Speed Service And Cargo Elevator

• Beautiful Meditation Garden On 22 Floor

• Access To The Building From Balboa Avenue

• 24 Hour Security

• Fire Alarms System And Full Power Generators.

• The Top Of The Building Features Social Area Including:

  bars, swimming pools, sauna,  Jacuzzi, roofed-terrace

Price in £: 112,500
Price in €: 150,000
Resale
Bedrooms: 1
Bathrooms: 1
Sq Ft: 1,100
Location: City