09/12/2024
SOLD
Mixed-Use Beachfront Property, 2.2-acres
Northside Beach Club is a unique, income generating opportunity in one of the fastest growing Caribbean destinations. There are numerous possibilities for this 2.2-acre property as a beach club, bar and restaurant, music/event venue, and nightly or long-term accommodations with room to expand. This beachfront property with 350 feet of white sand shoreline and a 155-foot dock is a well-known destination to travelers and locals alike. It is situated on the north side of Caye Caulker, just past the famous “Split”.
The property consists of an overwater beach bar with food prep area and rooftop deck, a food and beverage storage building, a three-story residential apartment building comprised of three units; a 1 bedroom/1 bath and a 2 bedroom/2 bath unit on the first floor, a 3 bedroom/2 bath with a bonus room on the second floor, a rooftop terrace with incredible views, and room to go higher for a 360-degree view of the island! Additionally, there is a two-story building with an office and public restroom facilities, laundry room, generator house, water well house, storeroom, reinforced concrete infinity swimming pool and whirlpool bath with a two-tier pool deck, solar panel system, and two piers with docking for private and transport vessels.
Built in 2015, all buildings are constructed of reinforced concrete with excellent craftsmanship and structural integrity. Each building has its own septic system with sediment filtration and thoughtfully placed leach fields that do not subtract from future building space. The property features 220-amp power with room to load, hardwired landscape lighting and security cameras, and a sophisticated solar panel system. The living quarters and office building showcase beautiful Mahogany cabinetry and finishes built locally on the island, and the overwater bar/restaurant sits on reinforced concrete pilings with two-inch thick tongue and groove hardwood decking. All of the structures were built to last with care and quality and the interiors are timeless, in perfect harmony with the region.
This property has a proven income history for nightly rentals, large events, and its famous monthly “Full Moon Parties”. Compass Rose Caribe does our own due diligence - vetting properties, building relationships, and shaking hands with owners on site. We have extensive, hands-on knowledge of this property and its current condition, with a wealth of knowledge to bring it back to full operation. We come with a dedicated team of local contractors, project and property managers, seasoned food and beverage
consultant, and event planner ready to assist you on this journey.
The possibilities are endless for this property with good bones and great vibes. We would be thrilled to help get Northside up and running for all to enjoy once again!
Investment Highlights:
• Adjacent parcel containing a 10-room boutique hotel is also for sale and owner will consider package pricing.
• Proven income history for nightly rentals, large events, and monthly “Full Moon Parties”.
• Possibility for “hands-off” investment with a dedicated team of local contractors, project and property manager, as well as F&B consultant.
Contact me today to learn more about this exciting, one-of-a-kind opportunity.
https://www.compassrosecaribe.com/commercial-sales-listings/northside
https://www.crexi.com/properties/1727630/northside-beach-club
