Income Producing Property – Lodge in Placencia
$499,900
- 8 Rooms
- 8 Bathrooms
- ~350 m² Living area
Description
Centrally located in Placencia Village, Garden Lodge is a recently remodeled income property offering 9 apartment units, with 8 fully completed and income-producing residences, situated on an 85 ft x 54 ft lot. The property also includes a spacious 4-bedroom owner's residence, making it an excellent opportunity for an owner operator seeking to live on site while managing the business, or for investors looking to place the property under professional management. Additional storage space and inviting communal areas further enhance the property's functionality. For added peace of mind, the owner's residence is equipped with hurricane shutters on every window, providing enhanced protection during storm season.
One of the property's most appealing value add opportunities is the unfinished ninth unit, with the structural shell and windows already in place. Positioned on the second floor to capture refreshing Caribbean breezes, this versatile space can be completed as an additional income-generating apartment or thoughtfully transformed into an expansive shared lounge, guest entertainment area, or community gathering space allowing a future owner to tailor the property to their vision.
Just a 5-minute walk to Placencia's sandy beaches, and only steps from restaurants, beach bars, cafés, supermarkets, and banks. Including popular destinations such as Barefoot Bar and Tipsy Tuna this highly walkable location is a major draw for both guests and long term renters.
BTB licensed, the property is ready to continue operating as a hospitality business and offers exceptional flexibility as a boutique lodge, small hotel, hostel, vacation rental, or long term rental investment. With strong rental demand, an established operational foundation, and a prime village location, Garden Lodge presents an outstanding investment opportunity in one of Belize's most sought after coastal communities.
Air-conditioning
Property details
- Property type
Hotel
- Rooms
8
- Bathrooms
8
- Number of Floors
2
- Living area
~350 m²
Your shop
Engel & Völkers
Provider:
Ame Realty Ltd.
Privacy policy of content provider
License partner of Engel & Völkers Americas, Inc.