|  Property
Location
12 miles off the coast of Belize west of Placencia Village.
Two hour flight from Miami, Dallas or Houston.
Price
2,900,000.00 U.S. Dollars - Approximately $966.00 per beach
front foot
Terms
Owner financing available with up to 9 years to pay.
No credit check required. The island will be used as security.
Legal Description & Size -
ALL THAT Caye situated in the Stann Creek District known
as Southern Moho Water Caye or Quashie Trap Caye. There are
no building or erections thereon.
The Vendor is by a Deed of Conveyance made on the 15th day
of December 1972.
Estate in fee simple, free of encumbrances.
Clear title is assured.
Title insurance for Moho Caye may be purchased at cost from:
Stewart Title Guaranty Company of Houston, TX http://www.stewart.com/
Moho Caye is 12 acres more or less. Not surveyed. The shoreline
around Moho Caye is 2,980 + / - .
Closing Costs - Government Taxes - Attorneys Fees
(Closing costs & transfer taxes paid by Buyer. Seller
pays property taxes up to date of sale. Property taxes in
2004 were $450.00)
There are two options to purchase shares of Caye Villa Development
Limited
Option 1 Cash
(1) Purchase price of the island
(2) Government tax - (5% of purchase price)
(3) Attorneys fees for closing costs and title opinion (1%
of purchase price plus recording & misc. fees)
Option 2 Down payment and assume the existing
note
Monthly payments are US$ 17, 797.95 (includes 9% Interest.)
(110 payments remaining beginning August 1, 2005. Proceeds
will be calculated according to the closing date and adustments
made at closing. The balance owing as of July 1, 2005 was
$1,329,895.58
(1) The down payment will be the purchase price less the
balance of the note.
(2) Government tax - (5% of purchase price)
(3) Attorneys fees for closing costs and title opinion (1%
of purchase price plus recording & misc. fees)
Island Use
Commercial or Residential.
An environmental impact assessment may be required for large
projects but not for small projects or residential purposes.
Building permits are not required.
|
