property for sale
Panama Gatun

This property for sale in Panama 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.

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.

Prices start from $375,000 (£193,299 approx*) for a hotel/condo room. Due to popular demand, units in this development sell on a daily basis. Please use our enquiry form to request a full colour brochure, current availability and price list.

* Terms and conditions apply. **Currency equivalents are based on approximate conversion at time of writing and are subject to fluctuation. To save money on currency exchange use movewithus FX.

The maintenance fee will be $2 per sqm each month and this will be used to replace furniture, fixtures and equipment in your unit as and when needed. This will also take care of your cleaning fee. The Hotel will charge a 30% fee for managing your property.