Riverwalk, Cayo 0.94 acres of Land for sale: (Listed 2009-04-18)

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Overview

Floral Park, Riverwalk, Cayo District

MLS#:
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  • Property ValueBZE$44,000
  • Property AddressFloral Park, Riverwalk, Cayo District, Belize
  • TypeLand
  • StyleResidential
  • Garagenone
  • Lot Size Area0.94 acres

Riverwalk Address

Floral Park, Riverwalk, Cayo District, Belize

Description

Beautiul ready to build 0.94 acres parcel of land located at the end of the Unitedville Village and near Georgeville. It offers many property features and is located in a well developed area. This is a little jewel of property just off the western highway in a good and safe neighborhood. Has good road access and electricity. Water could be private or obtain from the community. Currently next door neighbors are building a beautiful and stylish home

Features

The property also has a little citrus, mahogany, teak, mango and some other fruit trees

Listing Provided By

Arabella Chambers Limited

Real Estate Listing provided by
  • Arabella Chambers Real Estate
  • Mile 59 Western Hwy
  • Unitedville Village, Cayo District

Our properties are ALL TITLE FREE

As a truly professional real estate company Arabella Chambers does not accept listings until we have seen proper proof of ownership such as a TRANSFER CERTIFICATE OF TITLE, DEED or REGISTERED LAND CERTIFICATE. There have been cases where buyers have found out, the hard way that they were not the only owners of their piece of paradise.

At Arabella Chambers that will NEVER be the case. We work not only to find and provide our clients with that dream house, property, or perfect investment. We make sure that our great clients find trough our professionalism a “stress free” real estate experience in Belize.

Investing in Belize

Buying property in Belize is not a difficult process, but it does take time and commitment. Thanks to revised legislation, and on the proviso you have all your documentation in place, procuring your place in paradise could now take up to three-to-six months.

Foreign Ownership...

 

 

Foreigners can purchase to own land in Belize, Freehold.


There is no required permits by GOB for any foreigner to invest in real estate in Belize.

 

A Speculation Tax was implemented in 2002, which is a 5% of the undeveloped value of the land set by the Department of Natural Resources, and applies to property 300 acres and more. This Speculation Land Tax was passed to encourage large land holders to developed their property and not to sit on it to speculate. The property tax and Speculation Tax is due 1st of April of each year.

 

Property Taxes:

Property tax generally consists of between 1-1.5% of the value set by the Department of Natural Resources.

 

Property Exchange or Transfer:
Any form of transfer of property; whether sold, exchanged or given by way of a gift, there are closing costs related to these transactions. The charges are certain percentage per transaction.

 

Purchase of Land by Non-Belizean:

 

Non-Belizean pays 10% of the selling Consideration as a Stamp Duty or Transfer Tax to the GOB -Government of Belize.


Registration and fees are very minimal.


Lawyer's Fee for Legal Services for Conveying property is approximately 1-3% of selling consideration. Each individual is entitled to seek own personal Legal Council.


Approximative closing cost: 11-13% of the selling consideration.

 

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