Belize Business DirectoryListing Details
| Title: | Bel-isle Development Llc - http://bel-islecondos.com |
| Description: | Condo/Hotel Project half completed, needs partner/investor, silent or active, to complete. Ideally I would like to keep it as a Hotel, since I own it outright, and with a like-minded partner the project could be finished for the 2008 January season Kick-off. The smallest of these housekeeping suites would command at least $125 a day, and prices go up with more bedrooms, baths, higher floor views, etc. Caye Caulker is in the beginning of a real estate boom, there are currently 8-10 large projects underway or finished, with a Mega-project going in soon. 130 condo units with Marina, resteraunts, etc. Real estate is already rising fast, and with all this activity, I would like to hold it for a while, the revenue would pay for it in a short time, and it will be worth much more down the road. Getting cost projection now to finish, the hardest part is already done. Project was appraised by bank for equity loan at $955,000 BZ, and more work has been done, so it is at $560,000 US. can be documented. Project completed appraised at 1.8 million. The project could be completed for less than what I have in it, and I am willing to live here and manage it as a hotel. The prevailing wisdom around here is that you can count on at least 180 day occupancy, these units would be sought after since there are not many comps, most places are small rooms, no kitchen, private bedroom, etc. You do the math! |
| Category: | Real Estate: Houses and Condos for Sale |
| Link Owner: | Belize Business Directory |
| Address: | Calle La Poza |
| City: | Caye Caulker |
| District/Caye: | Caye Caulker |
| Country: | Belize | Phone Number: | 501-667-4628 |
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| Date Added: | November 19, 2009 08:23:03 PM |
| Number Hits: | 0 |