Residential / Commercial Investment Opportunity
Cotacachi, Cotacachi, Imbabura, Ecuador
Overview
In the heart of Cotacachi this prime location is a golden ticket to a solid income ready investment opportunity.
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Two sets of double doors open out to the street to welcome guests directly into the sprawling two story restaurant with exotic decorations.
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The entire establishment is tastefully decorated with bamboo, natural wood, and hanging plants providing a relaxed indoor - outdoor atmosphere.
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Many an event has been held at this establishment with capacity for 150 +. It has been a popular live music events venue complete with an elevated center stage set up to accommodate the band.
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Along with the purchase would come some already pre existing regular clients that host an array of events. Both expats and locals are familiar with this go-to location for their preferred choice to hire out.
The restaurant is open most days and over the 35 years in business will be handed over to the new owner - now that's a gift !!
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Behind the music stage, restaurant, and bar we discover the commercial size food prep kitchen - NOTE - All utensils, appliances , and restaurant furniture are to be included in the sale.
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Beyond the kitchen a little set back is the 2-story residential living space consisting of 5 bedrooms and 4 bathrooms, sauna, and exercise room. This could definitely serve as a hostel or air BnB rental opportunity.
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As we wrap around the side of the event center's restaurant we come to the parking space that extends the full length of the property and permits parking for 4 vehicles, street parking is also permitted.
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On the opposite side of the restaurant a decorative arch way leads the way out to a pleasantly romantic garden area. So perfect and popular with the regulars to take lunch out here and enjoy the sunshine and humming bird visitors. Also the preferred place to take photos to cherish the event with the memory.
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So there you have it! Multipurpose investment opportunity in the heart of Cotacachi we sell you the property and hand over the keys to 35 years of pre established clientele.
- Price
- $375,000
- Listing ID
- RS2400299
- Property Type
- Multiplex
- Listing Type
- Residential Sale
- Status
- Active
- Images
- 26
- Beds/Baths
- 5/4
- Location Type
- Mountain
- View Type
- City View, Garden View, Mountain View
- Total Lot Size
- 790.23 m² (8,505.93 sq ft)
Description
Details
- Number of Bedrooms
- 5
- Number of Full Bathrooms
- 4
- Number of 1/2 Bathrooms
- 4
- Total Living Area
- 380.82 m² (4,099.10 sq ft)
- Total Lot Size
- 790.23 m² (8,505.93 sq ft)
- Unit Floor
- 2
- Number of Stories
- 2
- Roof Type
- Clay Tile
- Floor Covering
- Tile
- Construction Type
- Brick
- Construction Type Comment
- Anti - seismic structure
- Construction Status
- Completed
- Year Built
- 2004
- Appliances Included
- Freezer, Oven, Refrigerator, Stove
- Air Condition & Heating
- No
- Furnished Type
- Fully
- Pool
- No
- Jacuzzi
- No
- Parking Type
- Carport, Street
- Number of Parking Spaces
- 4
- Location
- Cotacachi, Cotacachi, Imbabura, Ecuador
- Country
- Ecuador
- State
- Imbabura
- County
- Cotacachi
- City/Town
- Cotacachi
- Location Type
- Mountain
- Geographic Type
- Highlands
- View Type
- City View, Garden View, Mountain View
- Interior Features Included
- Gourmet Kitchen, Great Room, High Ceilings, Natural Wood Finishing, Storage Room
- Exterior Features Included
- Balcony, Covered Patio, Detached Guest House, Garden, Outside Seating-Area, Paved Driveway, Storage Closet, Washer/Dryer Hookup, Water Faucets, Workshop
- Security Features
- Perimeter Fencing, Security Lighting
- Street Access Type
- Paved Road
- Type of Water
- City Water
- Type of Electricity
- Public
- Type of Sewer
- Public
- Type of Internet
- Other
- Type of Television
- Cable Television
- Price per Air-Conditionable Living Area
- $984.72/m2 ($91.48/sqft)
- Price per Square Meter
- $474.55/m2 ($44.09/sqft)
- List Price
- $375,000
- Ownership Type
- Escritura Public
Map
Disclaimer
Information regarding this property has been provided by its owner and/or the owner's agent. Neither Propertyshelf nor MLS Ecuador will be held responsible for the information contained herein. For more information on ownership risk, please see the legal section. When purchasing property, clients are advised to consult with their own attorney.