Bel-Isle Condos – US$175,000
At a Glance:
| Location: | Caye Caulker, BELIZE | ||
| Type: | Resort/Hotel | Bedrooms: | 14 Proposed |
| Plot Size: | 0.5 acre | Bathrooms: | 15 Proposed |
| Beachfront: | 106 ft | Floorspace: | 8400 ft2 Proposed |
Description
This partially completed development is located on the popular island of Caye Caulker. To take this project to completion, the developer is seeking a partner or an outright buyer. With the waterfront land and permits already secured, this project represents an opportunity with substantial investment potential
The original idea behind this project was to take advantage of the increasing popularity of Caye Caulker as a new destination/alternative to San Pedro, which is both more expensive and further from the mainland. However, the effects of the recent global financial crisis required one of the development partners to withdraw, creating the need to find additional capital to see the project to completion.
With the original idea regarding the increasing popularity of Caye Caulker remaining sound, confirmed by 3 sizable projects currently under construction and more planned, this opportunity represents an attractive entry point into a project already well underway.
Investment and partnership options based upon varying degrees of involvement and costs are open to negotiation.
The proposed third floor can be jointly owned and financed by revenue from the first two.
All infrastructure for the proposed 3 floors is already in place with the existing building being constructed from eco-friendly, insulated concrete material.
These high efficiency apartments have the potential to be rented for US$100+ per night, once completed with the option to sell into the market when this fast growing destination matures.
Offered at:
For more information:
| Contact: | Dennis Gelinas |
| Website: | www.bel-islecondos.com |
| eMail: | belle-isledevelopment@hotmail.com |
| Telephone: | Belize (501) 667-4628 |
Photographs:
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