BZ87: OFF THE MARKET! 4-Storey Income Generating Commercial property downtown Belize City

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  • Lot Size: +/- 2,800

OFF THE MARKET!

Location Downtown, Belize City

Description Commercial/Residential

Floor Area 6,500 square feet

Lot Size +-2,800 square feet

Year Built 1993

Year Improved 2009

Price in US $0.00US Negotiable

Price in BZE $0.00BZ Negotiable

Confidentiality Anyone requesting viewing or further information must sign a Confidentiality agreement.

Sale Sold as is, where is transferrable title

Closing Fees Purchase assume to all closing fees

Notice Price deem to change without any notifications, any or all offer may be rejected

Prime commercial corner property situated in the heart of the commercial capital, Belize City. Undoubtedly this commercial property is not your daily commercial listing as property like this are not offered for sale often in the real estate market.

The property capitalizes its location and offers commercial ground space and additional residential rental spaces on the First and Second Floor. It is a great opportunity for one that is seeking to invest in income generating properties. The property during these times can generate approximately a minimum of $3,000.00US per month and has potential of making around $5,000.00US per month.

The Ground Floor

The ground floor consists of four (4) commercial units. The units can be redesigned to add three (3) additional units to exploit it commercial application and monthly revenue. The commercial units are open spaces with tiled floor and each has its own rolling metal shutter for great security.

The First Floor

The First Floor consists of Apartment A and Apartment B. They are both undergoing renovations.

Apartment A consists of a spacious living/dining area, kitchen, one (1) shared full size bathroom, and two bedrooms.

Apartment B consists of one (1) master bedroom with master bathroom, one (1) bedroom with a shared full size bathroom.

Both apartments share a utility room that is situated in a closet between both apartment entrances. The apartments are fully tiled and fully secured French windows with burglar bars and screens.

The Second Floor

The second floor is the master quarters with the best view of the building. Tastefully designed and designed to make this home area into another two (2) apartments for further rental income. Currently the second floor is being occupied as master quarters boasting of a (1) Master Bedroom with its Master bathroom, a full size bedroom with climate control split Air Condition unit, one (1) guest bedroom with its full size bathroom. (1) one bedroom being used as “the kids” room and have full access to the over wrapping verandah with access to the stairs. (1) Room used as a den/office can easily be converted to another bedroom. (1) Full shared size bathroom for the rooms and a half guest bathroom.

Terrace

The property boast of a spacious Terrace fully enclosed for family enjoyment. There is (1) completed (1) bedroom with (1) bathroom room on the East section of the Terrace which was to be used and referred to as the “guys” room, and there is an incomplete section on the West part of the Terrace to be used as the “girls” room which is currently used as storage. The panoramic views of Belize City and the Caribbean Sea from the Terrace vantage point are phenomenal.

Indeed the property boast of great monthly revenue stream, but also provides living comfort, great views and great security as the property is fully fenced and the stairs leading to the apartments are well secured. This is one of the first buildings that built and implemented its fire escape.

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