Coral House and Cottages Mini Resort
As many of you may know, I held a real estate sales/broker's license in Colorado and Wyoming several years ago. Although I am not practicing real estate here, a friend has asked me to include information about an established mini resort they have for sale in Belize. I know the people and the property well and am gladly including some basic information about their property on TraceyDevlin.com.
It is required that you NOT contact RE MAX and/or BelizeShoreReality in Belize since you will be inquiring about the property through this website and will be put in touch directly with the owner. All we ask is for you to provide your name and email address so we can register you with their realtors who have a non-exclusive contract to sell. If you are seriously looking to invest in Belize, this is a great opportunity.
Exquisite Up/Down Duplex w/ Rental Cottages
Please take the time to checkout the VRBO reports for this beautiful property, ALL 5 STARS!!!! http://www.vrbo.com/367959#comments
The rentals are 100% rented until March 2014.
Set in its own secure gated property the business consists of 2 large luxury condos plus 2 independent cottages totaling 4 income producing units, the business regularly runs at 100% occupancy and is Belize Tourist Board approved and licensed to trade. Guests book here to enjoy the proximity to town and the bay front within 5 minutes walk.
Unit 1 – Garden Condo
3 bed Ground floor condo with its own 2 car automatic garage, gated street access, and private patio lounge area to the rear. Approx. 1,900sq.ft.
Unit 2 – Penthouse Condo
2 bed Top floor condo with its own independent gated street access, 1,500sq.ft. roof terrace with sea views and outdoor entertaining areas front and back. Approx. 1900 sq.ft.
Unit 3 – Orchid Cottage
A fully furnished independent and air-conditioned unit comprising full Kitchen, Bathroom, Lounge and Bedroom area in a uniquely designed open layout with vaulted ceilings. Large well stocked private gardens and lounging areas are included for the private use of the 2 cottages.
Unit 4 – Hummingbird Cottage
Identical to Orchid Cottage above.
All units are constructed to the highest standards available, full concrete material to all walls and roofs provides solid hurricane proofing. The entire property is fenced with a colonial style concrete wall including security gates and night lights.
Top quality finishing and decorating is a hallmark of all the units, the large condos are fully furnished to a fine and high quality standard. The cottages also benefit from designer layouts and furnishings. All units have extra high ceilings, full air conditioning and heat repellent tinted glass windows.
The property is set on 2 lots totaling 1/4 acre, the gardens are planted in lush tropical style and maintained daily to a high standard to provide a peaceful oasis for guests.
The units are presently being rented at rates that will return a CAP RATE of over 10% when rented long term and even HIGHER when rented as vacation units.
Income on both the penthouse and the casitas could be doubled by switching to vacation rental while you enjoy the comfort and style of the downstairs home, or rent it also for additional income.
- Cerros Mayan Ruin
- Shipstern Butterfly Farm
- Mennonite Communities
- World Class fishing Tarpon and Jack on the Four Mile Lagoon
- Access to Rio Hondo and Chetumal/Corozal Bay
- Access by boat to the New river and Lamanai Mayan Ruin
- Municipal Boat Docking
- Palapas and recreational areas along the Corozal Bay
- 25 minutes to huge shopping malls and medical facilities across the border in Chetumal, Mexico
- 15 minutes to Las Vegas Casino and Princess Casino
- 15 minutes to Corozal Free Zone for shopping
- Centrally located from tropical excursions, island adventures, scuba diving, eco-tourism, Mayan ruins and much more.
- 20 minutes by plane to Ambergris Caye