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Mangro Place

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Price $550,000.00 ( )
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This item is available for direct purchase from the seller. No bidding is required.
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Purchasing this item will incur a Buyer Fee of 1.50%
BelizeAuctions View Seller's Other Listings Belize City, Belize BZ
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Details
  • Item # 162153
  • Qty Available 1
Description

Mangro Place comes in an easy access location within close range of the Placencia airstrip, walking distance to public beach access and a quick drive or bike ride to Placencia Village; which features many shopping facilities, restaurants and beach bars. 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 magnificent views. Mangro Place is a tropical oasis and an ideal property for holiday getaways, tranquil escapes and immediate rental income at an incredible value. Must be viewed to be appreciated.

Mangro Place is a well-designed building, strongly built to withstand hurricane type weather with minimal damage. The property has common areas which are fully landscaped and fenced offerin3 off road parking spaces, one for each unit, gravel paths, blooming shrubs, a 10×20 foot saltwater pool, a 30×13 foot sundeck pool area, shaded thatch with power access and utility/laundry room.

This is also a fully stratified building. It has 3 individual titles available. This property would be great for joint-friends and/or investors who wanted to invest together but retain legal ownership of their own land titles. Or a professional wanting to use one unit and rent out the others, or to sell any unit in the future if liquidation or capital was needed quickly.

Each unit also has its own electric meter and butane supply, cable television, and internet. Currently, each unit has its own independent billing, but Mangro Place community fees pay for general maintenance, gardening, professional weekly pool cleaning, general exterior maintenance, and building insurance (does not include contents). Utility costs are very reasonable so costs are low.

All land taxes and insurance are current and fully paid, as is all maintenance. A hotel license is in place and a property management and Rental Company is currently managing the rentals. There are gardeners, house cleaners, and caretakers in place. 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 $160US per night plus hotel taxes. It adds up to a great income.

Priced at $199,000 USD for each upper unit and $279,000 USD for the lower unit, the total for all three units purchased would be separate would be $677,000 USD. It is discounted for the whole building.  All three units combined at $550,000 USD including contents, stamp duties, and legal closing costs paid by the purchaser. See photos of each unit or contact for a viewing or for more information.