For Sale $1,550,000 USD - Villas
Boris Mannsfeld & Associates is excited to offer for sale this exceptional commercial income property in the very desirable Placencia Village. Placencia Villas is a very well established hotel with nightly and monthly rentals located in an ideal location in the center of town. The property was recently renovated and is flawless. The property offers a long history of solid occupancy and solid income and very detailed accounting books. The ROI is 10+%!
Holding a total of 6 buildings with 13 units, this income generating property offers studio units, a cabana, one-bedroom units and two-bedroom units. All units are fully furnished and include Internet and cable TV. Plenty of on-site parking is included as well as critical main road access. It is a mere 5-minute walk to all the amenities that the tourism village of Placencia has to offer: restaurants, grocery stores, banks, gift shops, beaches and more. The property has ample space to construct additional units. The property consists of 3 separate lots for a total of 1/3 acre which is a lot of space being in the center of a booming tourism town. The property includes an active BTB license. This very successful hotel has achieved a Trip Advisor rating of 4.8 and a Booking.com rating of 9.0.
Another exciting revenue source would be to add golf carts for rent. A covered area was recently added to house golf carts. There is a big demand and a low supply of golf carts here.
This is an ideal investment for an investor living abroad who can hire a local manager to run the property and generate a solid return. This is also an ideal scenario for the young couple looking to get out of the rat race and earn a steady income while residing in Belize or for the retired person or couple seeking to move to the tropics to retire yet have something to do. The downtown location will continue to appreciate in value.