Details
Address:#7021 - Seafront Hotel & Bar on Caye Caulker, Belize, Ref-BType:CommercialStyle:CommercialLot Size:0.45 acres
Description
As an investment property on Caye Caulker, it doesn't get much better than this. This property is a money machine! Based on current net rental income and conservative occupancy rates, the numbers work out to a 7.7% CAP Rate. This does not include income from the disco.
Income derived from:
- monthly income from the largest Pool Room/Bar on the island
- long term rentals to working locals and expats
- short term room rentals in the hotel
- the dance club is currently closed but additional income can be generated by renting out this space
The building is looked after by an on-site manager. The property is almost half an acre in size with 90 feet of waterfront.
There is SO much potential for this property. Buy it and run it 'as is'... The properties income is more than enough to cover ALL operating costs AND a loan payment (if you need to arrange financing, depending on amounts & terms of course). Sometime down the road, convert the property and build condos or a resort. This property is located right in downtown Caye Caulker!
Contact us for full property information and detailed financial information. Need financing? Let us know, we'll point you in the right direction.
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| ▪Income summary:
- Hotel ,nightly income, US$ 300
- Guest House,monthly income, US$ 860
- Lounge ,monthly income, US$1,000
| ▪This property, totaling nearly half an acre, with ninety feet of sea frontage, offers great value on this very popular Caribbean island. |
| ▪Caye Caulker has been a popular tourist destination for decades and tourism levels are always rising. Property values have consistently risen year after year on the island with no end in sight. | ▪Now is the time to buy a piece of paradise in Belize. |
"'Hot Deal - Best Buy'"
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