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Property ID: 675 |
| Location: |
125 Front Street, Punta Gorda Town. |
| District: |
Toledo |
| Rent/Sale: |
Sale |
| Price: |
US$379,000.00/BZD$758,000.00 |
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| Description |
JUST R E D U C E D to $379,000.
O W N E R F I N A N C I N G now available!!
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.
This property is indeed priced to sell!
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| Property Agent |
Anthony Monsanto |
Tony has returned to his native Belize and has taken up residency in Punta Gorda.
| Address: |
108 Jose Maria Nunez Street, Punta Gorda |
| Telephone: |
011-501-624-3734 |
| Cell: |
011-501-624-3734 |
| Fax: |
011-501-722-0303 |
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