Property is Sold $990,000 USD - Land
This citrus farm containing a total 224 acres is comprised of 2 side-by-side parcels (104 acres & 119 acres). Located just off the hummingbird Highway in the Belize district, near the boarders of Stann Creek and Cayo districts.
This property has direct road access, a major highlight of the property is that stunning limestone hills and several creeks that outline the property. The farm currently has 24,820 producing orange trees over 185 acres. Gross revenue this season was $185,000 US with costs at $74,000 US. This represents a net profit of approximately $111, 000 US from 40, 000 bushels and is expected to top off at 65,000 when trees are fully mature in the next 2 to 3 years. The new owner can expect his purchase price to be returned in 5 to 6 years. Base on the investments this is an outstanding opportunity to take over a successful turnkey business producing a generous %29 annual ROI.
For further details please contact Boris Mannsfeld & Associates at (303-495-5536 or 501-523-3063) or email: [email protected]. Boris Mannsfeld & Associates is the premier Real Estate firm in the Placencia area. We provide the highest level of service, professionalism and experience and we only focus on properties in the Placencia area – our specialty.
