Hello Pezz, Report from the Front:
I viewed apartments yesterday, and decided to buy one from an airline pilot and his very artistic wife. The unit is on the high floor in the third building from the left images.google.com , fully renovated, tastefully furnished (bought all appliance, fixtures, and furniture – just drop luggage and hook up computer), and the view is absolutely geewhizbangohwhoaweegollygeeyikes.
For holidays I like islands, and for real estate, I like shore lines.
The place looks out beyond a small bay, surrounded by a gentrifying fishing village en.wikipedia.org with many antique buildings and structures expensively relocated at tax payer cost from central business district to the living room and study view, face-on, unobstructed, 24/7.
Along the street are a bunch of funky eateries (Italian, German, Thai, Vietnamese, Chinese, Continental, Indian, fusion, Spanish and a bar specializing in oysters from all over the world) and a few pubs. Around the corner is a supermarket, a McDonald’s, and Starbucks and Pacific Coffee. Three monastery / temple are featured within an easy 3 minute walk, one at a particularly secluded view point at end of a tropical path.
The capitalization rate (rent/purchase cost) is 5.45%, a gift.
The acquisition is meant as a LTBH, until such time when somebody offers a ridiculous price that I cannot refuse.
Chugs, TJ |
