Cayo, Belize 20 acres for sale: (Listed 2009-05-25)

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Overview

near Spanish Lookout Junction, Blackman Eddy , Cayo District

MLS#:
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  • Property ValueBZE$120,000
  • Property Addressnear Spanish Lookout Junction, Blackman Eddy , Cayo District, Belize
  • TypeAcreage
  • StyleLand with Cave
  • Garagenone
  • Lot Size Area20 acres
  • School DistrictCayo

Village Address

near Spanish Lookout Junction, Blackman Eddy , Cayo District, Belize

Description

20 acres of land with a cave located in the Blackman Eddy village within the country sides of Cayo. This property offers Electricity and Water access from the mains which are located approx 1/4 mile away from the property. This is a great unspoiled natural canvas for you to develop and which offers so much potential for any type of ventures.

To find out more about this property or to schedule a visit please contact us.

If you would like to purchase this property immediately, simply email us to make arrangements and sign a purchase contract, thereafter a 10% earnest money deposit is required to secure the transaction. Within days the title will be ready for transfer into the new ownership, at this time the balance of the purchase price will be due and upon receipt of the funds, it will take the Government Lands Department 3 to 4 weeks to complete registration of your title.


Features

-Mountain View
-Flat land available for easy building
-There is a Cave part of the property
-Safe and quiet neighbourhood
-Close to all daily necessities and infrastructures
- Only a few miles from Spanish Lookout
- Half way between San Ignacio Town and Belmopan Capital City
- A 5 minute drive from the village of Unitedvile - Where you can refill on Gas and Groceries

Listing Provided By

Arabella Chambers Limited

  • Arabella Chambers LTD.
  • 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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