2 Bed Apartment for sale

Corozal, Corozal District, Belize



Property Details

  • Bedrooms: 2
  • Bathrooms: 0

Full Description

Offering only eight luxury condos, with ocean views from your own private balcony - this brand new Condo development offers a great investment potential, rental returns or a great spot to reside.
The building is located right at Mile marker 4 on the Northern highway, right between the International airport and Downtown, which makes the location ideal - and you will also have easy access to Mexico (just over two hours away) as well as the rest of the northern districts.

Units are available on the second and third (top) floors, with 4 units per floor. The prices start from US$170,000 (with the buyer undertaking their own finishes) or from US$200,000 for a finished unit.

The development will have an on-site property / rental manager, and rental income is expected in the range of US$2500-US$3000 per month. Thus, creating a net yield (after management and taxes + HOA) in the region of 10%.

Financing for qualified buyers are available via one of the largest banks in Belize, and if you chose to obtain your own financing, payment plans are available and tied to different stages of completion.

Belize does not have any restrictions on foreign ownership, nor is there a need for you to apply for an "Alien Landholding license" which is common in the rest of the Caribbean. This means that your closing in Belize can happen immediately, rather than having to wait for up to a year, or sometimes even longer.

You can purchase in your personal name, that of a foreign corporation (or LLC), or we can help you form a local corporation for you to take title.

Why the Diplomat:

*Only luxury oceanfront building in Belize City

*All residences enjoy unobstructed ocean views

*All residences have a private balcony facing the ocean

*Fantastic location between the airport and Downtown

*Modern designs maximizing space in each unit

*All units are 2 bedroom/2 bathroom

*Option of finishing your own unit to your taste

*In house property- and rental management

*Only 8 units available


** PRICES FROM US$170,000 to US$250,000 **
This property listing (ref: 16814-37947987) is an advertisement supplied by Caribbean Dreams Limited and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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