CAYE CAULKER, BELIZE
SEAFRONT HOTEL/DANCE CLUB/POOL ROOM
Units: 25
Net Annual Income: US$80,000
Cap Rate: 14%
As an investment property on Caye Caulker, it doesn't get much better than this. This property is a money machine! Based on current net rental income and conservative occupancy rates, the numbers work out to a 14% CAP Rate!
Income derived from:
- monthly rent from the only Dance Club on the island with a liquor licence that allows you to stay open until 4 am, one of only two such licences on the island
- monthly income from the largest Pool Room/Bar on the island
- long term rentals to working locals and expats
- short term room rentals in the hotel
The building is looked after by an on-site manager. The property is almost half an acre in size with 90 feet of seafront.
There is SO much potential for this property. Buy it and run it 'as is'... The properties income is more than enough to cover ALL operating costs AND a loan payment (if you need to arrange financing, depending on amounts & terms of course).
Sometime down the road, convert the property and build condos or a resort. This property is located right in downtown Caye Caulker!
Contact me for full property information and detailed financials. Need financing? Let me know, I'll point you in the right direction.