22 more images below...

Commercial Condominiums/Income Property Development For Sale

Asking Price: $1,500,000 - $2,250,000 USD  (Negotiable)

• Placencia Village Square is a new commercial and proffesional complex on Main street in the center of Placencia Village. Phase 1 is complete with 4 new buildings and 9 new spaces plus 2 exisiting houses and 100% occupancy. Long term leases are in place. Phase 2 is projected to house an additional 10 units comprising 5,000 square feet.

• This British Colonial Period theme project has been very well received and is both unique and striking. Fountains, pond, walkways and well developed grounds make this a "must see" for Placencia visitors.

• This space is in demand. Lease rates in this project have gone from USD $12 per square foot to USD$40 per square foot in one year! Commercial lease income is year round with standard annual increases compared to vacation rentals which are largely seasonal.

• At completion, 10,000 square feet with 100% occupancy, the annual rental income would be USD$400,000. If converted into condominium units (this is in progress) at current, fair market value the spaces would sell for USD$250 per square foot = USD$2,500,000.

• This is undoubtedly the best commercial location on the Placencia peninsula, almost a full city block! This project was built to sell. Developer intends to pull equity out of this project to fund other developments.

• Seller will consider cash plus creative trade for real estate, condominium, or ?

About This Property

Category: Investing/Development Address: Main Street Placencia Village Stann Creek Belize For Sale By: Agent Construction Year: 2007 Area: 5,000 Sq. Ft

Bedrooms: n/a Bathrooms: 10 Sleeps: n/a Stories: 2 Parking Spaces: 20

Features - Amenities

New Construction 6 Buildings 11 Separate Units

Can Be Condominiumised Room For 10 More Units (5,000 Sq. FT.) Great Tenant Mix

Year Round Income 100% Occupancy Long Term Leases In Place

Pictures  (click to view a larger image)

Contact - More Information

Frank Gagliano - property pro belize   Phones:   011 501 623 5122  (cell) 011 501 523 3291  (office phone / fax) 011 501 523 3251  (office phone) 011 501 660 1911  (cell) Site:   www.propertyprobelize.com Your Name: Your Email: (will not be stored, we will never send you unwanted emails) Your Phone: Your Comments:

Search More Listings

Investing/Development For Sale in Belize Investing/Development For Sale in Central America Investing/Development For Sale in America Belize Real Estate America Real Estate All International Real Estate

Investing/Development Rentals in Belize Investing/Development Rentals in Central America Investing/Development Rentals in America Belize Rentals America Rentals All International Rentals