USD 719,000

2.5 miles South Mosquito Coast
San Pedro, Ambergris Caye

Beds
Baths 0

Property Description

This local restaurant is a favorite of locals and tourists alike with good TripAdvisor reviews. The restaurant has a large 62 seat dining area with both indoor and screened in outdoor seating. The menu concept is Tex-Mex with some local Belizean favorites thrown in. The full bar compliments the menu with Margaritas, local rum drinks and local beer. There is a large kitchen with professional grade appliances and plenty of storage space. The restaurant has been well run over the years and has a well-trained staff and a good set of proper financials. Proximity to multiple condo complexes, and few other nearby dining options, provides a steady stream of nearby customers. Above the restaurant is a 2 bedroom/1 bath apartment, currently being used as the owner’s residence, that could be rented out for additional income of $1,200 to $1,500 per month with a long-term renter. Short term monthly rental income could possibly be higher but would not be predictable. The apartment is spacious with an open floor plan living/dining/kitchen area. Upstairs adjacent to the apartment is a rooftop deck with a large palapa. There is room to entertain 50 people on the rooftop area with ease. The owners currently reserve the deck and palapa for their private use but it could be turned into a second bar/seating area for the restaurant. There is water and drainage already in place under the palapa so installation of a second bar would be straightforward. This area, with beautiful sunset views of the lagoon, would be a lovely spot for special events such as wedding receptions and private parties. The property has a large fenced yard with a rear vehicle entrance and parking for several personal or staff vehicles. This rear entrance provides access to the apartment without needing to go through the restaurant.
The well-trained staff is aware the restaurant is for sale and all have committed to staying with the restaurant through the sale process and new ownership. ROI 10%

Listed by Belize Inland and Island Properties

Property Details

ID #
LONESTAR032020DD
Status
Sale
Type
Commercial, Restaurant
Postal Code
00000
Building Area
139m2
Lot Area
697m2
Year Built
2007
Ground Feature
Bicycle Parking, Visitors Parking
Property Occupancy
Occupied by owner
Location
City
Building Condition
Very good condition
Building Structure
Stone
Roof Material
Stone roof
Water Source
City/mains water
Septic
Septic tank
Hot Water
Electric hot water
Parking
Off street parking
Roof Condition
Good
Kitchen
Unfitted
Building Feature
Commercial kitchen, High ceilings, Internet wiring, Modernized, Outside seating area, Restaurant, Smoke alarms, Storage areas, Wireless Internet

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