Mangro Place — Investment Opportunity.
Placencia, Stann Creek District, Belize
Listing ID: 10007154193
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 10x20 foot salt water pool, a 30x13 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
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.
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.
For 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 .