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Viviun -> AD-110017 :  Commercial Condominiums/Income Property Development For Sale - Investing/Development Opportunity in Placencia Village, Stann Creek Belize
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From Main Street..
22 more images below...
Investing/Development Opportunity in Placencia Village, Stann Creek Belize

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)

From Main Street..New Building Site..Developed Walkways..Tiled Verandas..House # 2..Bar & Restaurant..


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
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