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Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,976 sqft
Price per Sqft $313
Sold Date 03/14/23
Bedrooms 27
Full Baths 26
Lot Size 4,011 Sqft
Property Description
Sun & Reef Hotel is strategically located in the heart of San Pedro Town, just ONE lot away from the Central Park. It sits on parcel 1049, Pescador Drive in front of St. Francis Xavier Credit Union, close to Elvi's Kitchen, the San Pedro Post Office, near three banks, supermarkets and many other wonderful amenities to make your stay a very smooth one. On the ground floor there is a commercial space which is currently being used as a hardware but can be turned into a restaurant or any other type of business the new owners sees fit and there is also the reception area for the hotel.
This newly built hotel opened its doors mid-2022 and boasts 25 fully equipped units of which 13 are Deluxe Double Rooms consisting of 2 single beds and 12 Deluxe King Rooms.
At Sun & Reef Hotel, each of the rooms is fitted with a wardrobe, a desk, flat-screen TV and its own private bathroom. These units have access to Wi-Fi, hot and cold showers, coffee maker, telephone service and each rents for $75 USD per night. This hotel has an additional apartment on the 4th floor that consists of 2 rooms, 1 kitchen and bathroom. The hotel's 5th floor houses two storage areas (these can be turn into home or two apartments for the new owner), a laundry room, and the most gorgeous view of San Pedro Town!
The hotel equipped with fire extinguishers, surveillance cameras and automatic emergency lights in case of a power outage. The potential rental income per day is $1,875 USD per night, approximately $56,250 USD per month considering the hotel is fully booked and boasts of excellent online customer reviews.
Overall, Sun & Reef Hotel is one of the nicest hotels in San Pedro providing accommodation and comfort centrally located in San Pedro Town, Ambergris Caye, Belize. The perfect choice for an investor interested in living the Belizean dream and making a sweet return on investment at a top tourist destination in Belize!
Google Pin Drop: https://goo.gl/maps/oSosAXvbdpJHHvnP6
Kindly contact the listing agent to schedule a viewing or make an offer.
Edwardo “eds” Garcia
RE/MAX DORADO
Belize: +501 610 5016
USA: +1 305 909 9272
eds@remax-dorado.com
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Bought with Edwardo Garcia • Remax Dorado