SOLD |
B10 Famous Toad Hall back on market in bad condition at low price - $250,000 |
The present |
| We have been tracking Toad Hall's condition for the last three years. While it was a "turn-key" business to start with, we found in January, 2010, that everything had been stripped from the two houses on the property as well as the gift shop and restaurant. We kept trying to locate the former owner, who was reported to have severe health problems, finally talked to the man foreclosing on it, and dropped it from our website this past summer. Immediately below are 2 recent photos of its current condition. Below those is our original listing. Other real estate websites at Lake Arenal still display photos of the place in its prime and tout it as a turn-key business opportunity, but it will take considerable work to restore this famous tourist stop to its previous funky glory. The lake and volcano-view acreage is valuable as is the location beside the lake highway on the busy tourist route between La Fortuna, Arenal Volcano, Monteverde, the Pacific beaches, and the international airport at Liberia. It is between the dam and Nuevo Arenal at the village of La Union. The terrain below the shy half acre falls off steeply to tropical forest bordering the lake. A person of enterprise might do well to restore the historic business and buildings or to make something entirely new. |
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| The front of previously vital Toad Hall, formerly a magnet for tourists. |
The gallery used to have excellent art and souvenirs. |
The past |
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B10 Famous art gallery/restaurant 1/2 hour from dam, $625,000 |
Serious illness forces price reduction to $400,000 |
Illness forces a drastic price reduction, including the owner's home and a rental house previously priced separately. No resaonable offer will be refused, he says. The views are idyllic at this gallery/souvenir shop/restaurant centrally located near Arenal Volcano between La Fortuna and Tilarán on the north shore of beautiful Lake Arenal. It is recognized as a top tourist attraction and one of the top four art galleries in Costa Rica. The restaurant serves a light, organic-when-possible menu and is popular with tourists and locals alike. it is a great place to live while running a well known successful business.
- Over 15,000 visitors per year
- Highly rated in all Costa Rica guide books - Lonely Planet, Frommer's, Fodor's, Footprint, etc.
- Restaurant seats 50+
- Gallery represents 100+ Costa Rican artists
- Repeat tour bus, tourist, and local business
- Family-owned for 8 years
Competent, well trained staff will remain and owner will train for up to 90 days. Owner will also consider a longer term management contract. Owner will also consider investment rather than outright purchase.
Discounted pricing is based on generally accepted multiples of Gross and Net Revenue and is negotiable. Detailed legals and financials available with refundable deposit. Inventory priced separately at closing.
Owner residence/office plus rental house generating an additional $6000/year income is also included. |
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Funky and charming favorite of tourists. |
Restaurant from Lake Arenal side. |
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The Arenal Volcano from the property. |
A small part of the gallery display - Boruca Indian masks. |
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A few of the ceramic vases in the gallery. |
Happy tourists gather in front. |
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Organic gardens near the restaurant. |
The well equipped kitchen. |
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B.B. Zuniga and his trio, Traveling Light, perform at the restaurant. |
Point #9 on the map, about a third of the way up the lake on the north side. |
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The second-story deck on the owner's home is a great place from which to enjoy the views of the lake, forest, birds and occasional monkeys. |
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Master bedroom of owner's home. |
The open plan of owner's home. |
