22 Room Commercial Building in Belize City

Description

22 Room Commercial Building

A 22 Room Commercial Building for sale in one of the main commercial arteries along the Philip Goldson Highway opposite the largest Department Store in Belize City, Mirab.  Furthermore, the property is across and near various commercial business at around mile 2 ½ on the Philip Goldson Highway.

The building

There are two buildings on the lot which compromise the 22-room building that once operated as a motel all with private baths.  The first building is a ferro-concrete 3-story building, and the Second building a is a 2-story building.  Additionally, the total area of the buildings combines is approximately 4,200 square feet plus the roof space. 

The building may require some investment to bring it back to its former glory but due to its location and the existing buildings on the lot, this would make an ideal investment property for anyone looking for a motel or even convert the hotel into a Call Center (BPO) or private offices).

Size of lot & Parking

The size of the lot is approximately 45 feet by 90 feet and has frontage on both the Philip Goldson Highway and Dolphin Drive. Additionally, there is a 7 car-parking under the hotel which provides some private parking for guests/clients.

Utilities and Services

There are all utilities on the property.

Location                               2 ½ Mile Philip Goldson Highway, Belize District

Description                        Commercial/Rental

Area of Lot                          +-45×90 ft.

Asking Price                       $750,000.00US or $1,500,000.00BZ Plus Transfer Fees

Reduced to $675,000.00US or $1,350,000.00BZ Plus Transfer Fees

Closing Fees and Permits

Closing Fees:

Includes but not limited to Stamp Duties, Registration fees payable to the

Government of Belize and legal fees are assumed by the purchaser

Central Bank Permits

If applicable sale will require permit from Central Bank of Belize under the Section 40 of the Exchange Control Regulations 2003

Notices

Price Deemed to change without notice; Property sold as is, where is; transferrable title

Photos showing boundaries are for demonstration purposes only and purchaser must conduct due diligence.

Any information presented are for illustration purposes only with approximate location or sizes.