For Sale · Hopkins, Stann Creek District
Jaguar Villas, Hopkins Village
USD 310,000
- Bedrooms
- 0
- Bathrooms
- 0
- Floor area
- 0 SQ FT
- Lot size
- 0 SQ FT
About this property
Floorplans, Availability & Pricing: In the first phase of Jaguar Villas Hopkins Village, There are still some 1 and 3 bedroom villa options available. The information on available villas is below along with an updated "sold" image. Three Bedroom Beach Villa Three Bedroom Courtyard Villa One Bedroom Villa (Type 1) One Bedroom Villa (Type 2) Beachfront / Pool Front Unit Rental of these villas will be available through the management company, The Belize Collection. The onsite management is provided by Jaguar Reef Village. It is not possible to rent the homes independently from The Belize Collection operation as the company wants to maintain consistency of the product offering in terms of product quality, packages offered, and pricing. Owners have the right to enter their units into the rental program or use the units for themselves, their friends, and family. There are no restrictions as to how many days an owner can use your own unit and you can participate in the rental pool as much as you wish. Entering and leaving the rental pool is as easy as blocking off room nights with the reservation’s office. One stipulation is that any unblocked room nights that are booked need to be honored by the owners. The management company cannot kick booked guests or cancel existing reservations for the owner's use. The management agreement has a split of room net room revenue 50% to the owner and 50% to the resort. The net revenue is net of sales commissions. The Belize Collection hotels have a long history of well-run resorts achieving high occupancy rates at good average daily rental rates. The projections for the rental of the homes are based on historical rental performance of comparable units types at our existing beach resort, Jaguar Reef Lodge. From that historical data, it is expected there will be an ROI of 6-8% at stabilization (when the room rates and occupancies of new rooms stabilize). Proformas for each villa category can be provided upon request. Seller financing is available for this development up to 40% of the purchase price at 7% annual interest on a 15 year amortization and a 3 year term. Balloon payment due at the end of the 3 year term. HOA dues will be set at US$200.00 per month for villas participating in the rental pool and US$400.00 per month for villas not participating in the rental pool. The dues will be US$100.00 per month for studio units and hotel rooms participating in the rental pool and US$200.00 per month for studio units and hotel rooms not participating in the rental pool. HOA fees at Jaguar Villas Hopkins Village are to cover all common expenses such as security, concierge service, the maintenance of the common areas within Jaguar Reef Village such as the road right of way and gardens, the swimming pool and surrounds and the dock, but not any costs associated with the operation, maintenance or repair of the individual Units. Reach out for a tour, either virtual or physical. It all starts with a conversation. Let's Chat!