Address: San Pablo Lagoon Area
City: San Pedro Town
Neighborhood: San Pablo
Area: South of Town
Square Feet: 3,000
Full Description: Great Rental Income and Owner-Financing! An "income-producing" AND "inflation-proof" investment, with the added security of owning the land, the building (leased to a world-class restaurant rated #1 on Trip Advisor for Ambergris Caye), and a 2-Bed/2-Bath house upstairs completely furnished, right down to the kitchenware, electronics and artwork!The upstairs is beautifully accented with Belizean hardwoods while the downstairs and outdoor areas offer multi-purpose possibilities. This 3,000 square foot building includes a 3rd floor loft above the 2nd floor living area adding space for an office or playroom. The screened in porch on the second floor has magnificent sun- set views over the lagoon.
Currently, both the lower (restaurant space) and upper (residence described above) are leased to the professional owner/operators of the famous Fodor's Award-Winning "Casa Picasso Restaurant". (See their web- site at www.casapicassobelize.com as well as their Facebook page to view more pictures, and be sure to enjoy dining at one of Belize's finest restaurants when you visit Ambergris Caye to view the property.)
The rental income from these first-class tenants produces a "cash-on-cash" return to the new property owner in addition to covering the payments on the 50% owner-financing offered.
Casa Picasso has always been a beloved, well-known staple of the Ambergris Caye dining scene. The property is a very unique building located just 1/2 mile south of San Pedro Town center. With its interesting lines that are reminiscent of Pablo Picasso's work and having just completed an extensive renovation last year, both inside and out, the tradition of quality within the building's captivating ambiance continues. Fabulous style and comfort were considered when modern air conditioning and French-door style windows, along with a new bar and expanded kitchen were installed in 2014. The restaurant can accommodate 56 diners for regular service and 70 patrons for events (including bar and outdoor lounge). Beautiful landscaping and outdoor lighting offers much more outdoor dining, entertaining and lounging options. The possibilities and business potential are endless as the upstairs could become a short term vacation rental and/or another business at some point. A fully-powered stage exists for entertaining possibilities. Don't miss this rare opportunity...priced to sell! All brokers protected.