Investing/Development in Main Street, Placencia Village, Stann Creek, Belize

Commercial Condominiums/Income Property Development for Sale

* 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 ?