Cotacachi Real Estate: Lueva is a Hidden Gem
Lueva, a premier health spa on the outskirts of Cotacachi, is one of those rare retreats that is looking for an ownership solution. It is a business waiting for a business plan.
Cotacachi is rapidly becoming one of the “go-to” destinations in Ecuador. The secret of Cotacachi couldn’t be kept for long. With a beautiful climate, an abundance of inexpensive food, low cost living, and wonderful people, it had to be come popular.
In this moment, more than 150 condos, houses and townhouses are in various stages of development in Cotacachi, being offered primarily to the expat market.
In this climate, Lueva is just waiting for the right people to make it happen.
Lueva has matured into a wonderful facility, with 13 large guest rooms, a yoga room, meditation room, three massage rooms, a large conference room, library, two offices, dining room for 45 people and a totally-equipped kitchen. A separate facility houses the heated indoor swimming pool, 10-person Jacuzzi, Turkish baths and a mud bath. For more information about Lueva and Phyllis Cooper, click here.
Situated on 12 acres with more than 400 fruit trees, organic gardens, honey bees, and a guina pig organic fertilizer production shed, Lueva could become a health retreat, a yoga center, a meditation retreat, a spa, a longevity and well being center, a chiropractic center, a retirement home, a foreign language center, or—–ALL OF THE ABOVE.
How? Because Phyllis Cooper, current owner of Lueva, is offering 12 shares in the facility to any kind of health or wholistic practicioner who cares to participate. Already, up to five share have been spoken for by a Swiss woman who wants to create something wonderful, but wants others to particpate.
A share includes the following rights:
Occupancy rights to one of the guest rooms, which includes large living/sleeping area, large walk-in closet and tiled bathroom with and shower. The room can be lived in and/or rented out during facility programs or for spa/retreat functions.
*1/12th common ownership of the entire facility, and a 1/12th share of facility profits. The facility is to be operated as a cooperative with profits and expenses divided among the cooperative owners. Each share can be bought or sold, upon approval of the cooperative members. Cooperative regulations are being written and can be amended by a majority vote of the owners.
*Right to sponsor or facilitate programs for 1/12th part of each year. In addition, the right to facilitate or sponsor programs during times when other owners deposit their unused time into a pool.
*Right to build a small house of maximum 1,300 sq. ft. plus 500 sq. ft. of outdoor living space on the property. This house can be occupied when the owners are present or rented out during programs for additional profit. Cost of the house will be approximately $50/sq. ft.
*Access to community grounds for personal use while in residence. The fully organic gardens have hundreds of fruit (apple, peach, lemons, limes, grapefruit, mandarin oranges, avocado trees, blackberries, eucalyptus forest and bee hives. The property is organic, with fertilizer provided by a team of guinea pigs.
$10,000 of each investor’s initial share will go towards establishing an operating fund to hire staff, manage and promote the facility and programs.
Share cost is $115,000. Please contact gary@ecuadoredg.com for more information. Shares can be split between partners, or multiple shares can be purchased. Individual investors who may want to purchase the entire facility are still encouraged to contact us. In addition to the above use suggestions, it would also make an wonderful assisted living facilitiy.
For more information about Lueva and Phyllis Cooper, click here.
Filed under: Cotacachi, Cotacachi Real Estate, Ecuador Real Estate
