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Partially completed 3 storey Apartment complex with sea frontage in Punta Gorda Town     Toledo District      $US 285,000 / BZ$ 570,000      House Area: 5,000 Sq. Ft.      Lot Area: 2


Property ID: 1590
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  • SOLD

For Sale by: Tony Monsanto

Partially completed 3 storey Apartment complex with sea frontage in Punta Gorda Town

Tony has returned to his native Belize and has taken up residency in Punta Gorda. Having spent most of his adult life abroad working for an international organization. Cell: 011-501-624-3734



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S    O   L   D   !!

 

Due to a personal crisis, the Owners have decided that the property HAS to go now! Accordingly, they have drastically cut the price  by US$98,000.00!   They are now seeking  a mere US$285,000.00 instead of the previous $379,000.00    At this price ,   payment would have to be based  on the buyer’s ability to pay cash on completion of  sale  as owner can no longer consider financing.

The owners are desirous of a quick sale and have discontinued letting the property as it could prejudice the possible sale to a prospective buyer.  The owners, instead, have left caretakers in place, and only until a sale.

An incredible investment opportunity has just presented itself. The Owner/builder of this charming hotel/condo complex overlooking the sea in Punta Gorda Town, finds himself compelled to discontinue his dream project and sell his property as soon as possible.

The hotel is a partially completed 3 story reinforced concrete structure situated on a lot consisting of 2,052 square yards of relatively high land.

The structure encompasses over 5,000 square feet of space, and is sufficiently large to accommodate 8-10 rooms. Each of the three floors of this exquisitely designed hotel is approximately 90% completed. It is estimated that the entire project can be completed for $100,000.

An important asset of the property is its over-sized lot which offers a number of possibilities, such as space for subsequent expansion of the hotel, adding cabanas, installing a swimming pool, tennis court, etc. The backyard is interspersed with mature trees such as cacao, cashew, and banana and coconuts.

The second and third floor terraces provide commanding, panoramic views of the ocean. On a clear day one can actually see the mountain ranges of Guatemala and Honduras, and at night time lights from the Guatemalan cities of Puerto Barrios and Livingston illuminate the sky.

What makes this an outstanding opportunity is its incredibly low price tag. The Owner was previously seeking $435,000. In today’s market such a large, elevated seafront lot would alone command this price.

Permission to erect a private pier for the hotel guests can be obtained from the Government.

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