Industrial in Playa Junquillal, Guanacaste[CR]

40001047214 - Cabinas Loulou ~ Versatile 7-Suite Property with Owner’s Residence - Located just 650 meters from the beach in the heart of Playa Junquillal, this unique property offers a pleasant and lush setting where the sound of the waves is part of everyday life. Adjacent to the well-known Mundo Milo hotel and restaurant, which attracts a loyal clientele year-round, the location is ideal for a commercial project.The property features approximately 865m² of total construction (including terraces) and is built with a solid concrete structure in good overall condition. Set on a 2,000m² lot (half acre), it includes 7 fully equipped suites as well as a versatile main house.Suites 1 to 5 (35m² each) feature two queen beds, a private terrace, a kitchenette, and individual air conditioning, accommodating up to 4 adults. Suite 6 (40m²) offers more spacious interiors with large built-in wardrobes, while Suite 7 (50m²) stands out with enhanced comfort, including a King bed, a full-size refrigerator, and a large terrace. Additional spaces include a laundry room (13.5m²), a garage (24m²), and a pool equipment room (4m²).Outdoor areas are particularly appealing, featuring a 3.5m x 9m swimming pool, an expansive 242m² terrace, as well as multiple common areas and walkways. A parking area of approximately 120m² accommodates up to 10 vehicles.The main house offers 132m² on the ground floor and is currently configured as a one-bedroom home, but can easily be converted back into a two-bedroom layout by reopening a previously closed partition wall. An independent upstairs bedroom with exterior access completes the property and is ideal for on-site staff accommodation.The property was acquired in 2022 by the current owner and has not been rented since, having been used exclusively as a private residence. The main house and Suites 6-7 were already existing at the time of purchase and were originally built in 1999. Suites 1 to 5 we added in 2022-2023, along with the remodeling of the pool and the extension of the large terrace. Equipped with a reliable high-speed fiber optic wired internet network, as well as electricity service from Coop Guanacaste and municipal water through ASADA Paraiso. A concrete water reservoir with pump is also present (not used by the current owner, operational status unknown).The property is being sold as-is. All systems are in good working condition, with no known issues such as roof leaks or structural concerns. However, renovations are recommended to bring the property up to modern standards. The estimated budget for these improvements ranges from $75,000 to $150,000, depending on the scope and level of finishes desired.In an optimal setup, owners can reside in the main house (2 bedrooms), accommodate staff on-site in the independent upstairs unit, and operate the 7 Suites as rentals. In this scenario, the estimated gross annual income potential ranges between $150,000 and $200,000, offering an excellent opportunity to combine lifestyle and investment returns.Rebuilding a property of this size and construction quality on a lot so close to the beach would be extremely difficult today at a cost comparable to the current asking price. This makes it an outstanding opportunity for an investor willing to invest time and effort into revitalizing the property, with strong potential for a boutique hotel or income-generating rental project.