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Mangro Place — Investment Opportunity

Placencia, Stann Creek District, Stann Creek, Belize
US$499,000/For all 3 apts.

Description

Our team is delighted to present this wonderful apartment located approx 2miles from the centre of Placencia Village on the Placencia peninsula.

Situated just north of the local airstrip, this apartment is a couple of minutes away from HOBBS micro brewery, with the Flying Pig to the North — Mariposa and la Dolce Vita and Turtle Inn to south.

Wake up each morning to hummingbirds and blooming gardenias, relax each afternoon by taking a dip in the salt-water pool or simply relaxing on your veranda and gazing out into the lagoon and mountain views. Mangro Place is a tropical oasis in a fenced garden lot 100 feet x 80feet and an ideal property for holiday getaways, tranquil escapes and immediate rental income at an incredible value.

Currently the building has two long term tenants one upper and one lower , both flexible to stay on or leave with change of ownership, and one upper unit which is Air BNB rentals newly , btb licence in place.

The Caribbean sea is in foreground, the lagoon is at the rear. The road shows the way around the airstrip and is the only main road along the 22 mile peninsula.

Mangro Place is a well designed building, strongly built to withstand hurricane type weather with minimal damage. It is also fully insured for such
The property has common areas which are landscaped and fenced offering off road parking spaces, one for each unit, gravel paths, blooming shrubs, a 10×20 foot salt water pool, a 30×13 foot sundeck pool area, outdoor dining with shade and other seating and 2 sun beds ,exterior power and water access and a communal utility/laundry room.

Each upper unit has a bedroom ,bathroom and porch with open plan living dining
The lower level is a loft style studio space which has a good sized private bathroom,
And has produced income both as tourist overnight , long term rental , residential and as a studio and office .
Perfect to conversion to a two bedroom unit or large one bedroom as it has over 1400sqft space

This is also a fully stratified building. ( just like condominiums) It has 3 individual property titles giving total freedom to owners to buy or sell individually anytime and all processed correctly as per Belize law ,titles available. Free of mortgage or lien and all taxes are paid up to date

This property would be great for joint-friends and/or investors who wanted to invest together but retain legal ownership of their own property land titles. For just an income or as a vacation home and income potential Or a professional wanting to use say the lower unit as a business live above or rent both above unit and rent out the others, or to sell any unit in the future if liquidation or capital was needed quickly.
Air bnb links below to see more info on upper west , my dads space

https://www.airbnb.com/rooms/26067679?s=51.
The upper east is on long term rental but renters aware it is for sale and the lower rental is being used as a professional design studio space with occasional use of airbnb

Square footage is approx. 700 each upper floor unit and 1450 sqft for the lower unit
All fixtures and furnishings and decor except a couple of personal pieces are included in the sale which is a great benefit as sourcing nice decor in Belize can be costly and difficult

Each unit also has it’s own electric meter and butane supply, the communal service provides cable television, and internet. grounds maintenance and exterior building
maintenance , gardening, professional weekly pool cleaning, general exterior maintenance, and it is insured for hurricane fire earthquakes etc. Utility costs are very reasonable so costs are low.

All land taxes and insurance are current and fully paid, as is all maintenance. This property is move in ready. Just bring a suitcase, or start sending guests and making rental income. Don’t wait two years of stress to build your own home. The management company are attracting rates from $129 US per night plus hotel taxes. It adds up to a great income.
https://www.airbnb.com/rooms/25669115?s=51

https://www.airbnb.com/rooms/26067679?s=51

Links above are current rental adds and have some photos etc , the long term rental is almost identical just some different decor.

Hoping for complete sell of the triplex all 3 titles so price reduced to sellFor those with more ambitious plans , there may be an opportunity to buy the last remaining lot on the road which is westside next door , and open up more grounds adding some cute cabanas rooms or even another bigger building , using the same pool and existing Mangro Place services etc and just increase the revenue further , whilst this is not beachside location it is very desirable and moves across from tourists, executive rentals and snow birds or retirees .

Retirement place , investment returns, snow birds , possible white collar office , studio ,retails , professional or vacation ground floor

  • City: Placencia
  • State/county: Stann Creek
  • Country: Belize

Detail

Updated on June 23, 2019 at 10:41 am

  • Property ID: 10192
  • Price: US$499,000/For all 3 apts.
  • Property Type: Business, Condo, Oceanview
  • Property Status: For Sale

Contact info

Chris Appelbe
Chris Appelbe
+501 615 7981cappelbe
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