ALL Belize Real Estate For Sale

Beachfront Apartments and commercial space beachside

Boca del Rio, San Pedro Town, Belize District, Belize

Financing Available!, For Sale

$1,500,000

Property ID:

23860

Bedrooms

Bathrooms

Description

The Bridgehouse is an 18-unit apartment complex with commercial space and an active restaurant and bar. Located in Boca Del Rio, each apartment is about 220 sqft, with a private bath, hardwood floors, and all furnishings.

There are three shops/offices on the first floor with a bathroom and kitchenette. One is currently leased to a local property management company, one is an office/reception/laundry room area and the third is currently vacant. Still, it would be an ideal location to lease to a tour operator business. The ground floor also houses a bar/restaurant (Wilo’s), with a furnished commercial kitchen, that does a very good business.

The building is four floors and on the 4th floor is a large open-air covered rooftop overlooking the barrier reef, town, and the beach. You have a great spot for private events with two bathrooms in the rooftop area. The building and rooms were completely renovated in 2019 and are ready for you to take over and take off.

This is a great deal for a real money-maker. The location is awesome, right on the corner of the main road and one of the most popular stretches of beach around.
It is a short walk down the beach from all of the famous beach bars, Wayo’s, Nauti Crab, Hurricanes, Sandy Toes, Sandbar, and Palapa Bar among others. Also on that stretch of beach are dive shops, parasailing outfits, and even booze cruise operators. Your guests will love the convenient location and you will love the income.

Financing terms:

-35% down
-7% interest
-30 year amortization
-final Balloon 10 years

Owner will look at all offers

The Bridgehouse Hotel $1,500,000 US

Bedrooms :18
Bathrooms :24
Area:12,000 ft ²

This is not operating as a hotel, has local renters in 18 of the units.

The bar is currently rented for $1,500 US.
18 rented rooms at $400-$500 US
Three offices, one rented at $500 US, one other at $400 US.

Owner pays apartment utilities approx $1000 combined total per month, others pay their own.
All are on contracts but know the building is for sale therefore are willing to vacate if necessary.

Only the offices has AC. All units wired for split units with 12,000 BTU each but currently none have AC. Each unit has its own panel box supplied by 6 separate street supplies ( 2nd floor & roof, 1st floor, bar, kitchen, office, office). Building has its own transformer in the street supplied by BEL.
Water could be 4 supplies but currently just 2 – bar/kitchen and everything else.