Property ID : 3140
The Properties Coconuts
Citrus Farm House
Sittee River FPL Plant

Agent :
Location : Stann Creek
Type : Acreage (over 100 acres), Commercial, Investment Property, Businesses for sale
Price : USD $15,000,000
BZD $30,000,000
Construction :
Featured : yes

Description :

We are pleased to present this unique opportunity to buy two Belize Chapter 250 limited liability companies, including the most extensive landholding that has been on the market for many years. They present nearly unlimited potential for agricultural, tourism and high-end residential development and combinations thereof. A creative and aggressive owner/developer is sought to develop these properties into 21st century Belizean landmarks. While the owners would prefer to sell the two properties together, formal offers for either of them will be considered. The asking price for the two is US$15.0 million; for Citrus & Cattle Ltd. US$10.0 million; for Fruit Processors Ltd. US$5.0 million.

Citrus & Cattle Ltd., located a mile west of the Southern Highway near Mile 8 south of Silk Grass Village, encompasses approximately 21,933 acres, including three British colonial Mahogany Works land grants from 1839 and six miles of frontage on the scenic Sittee River. The Citrus & Cattle Ltd. company may be purchased or only the titles to the several blocks of land.

The property consists of 600 acres of coconut palms, 900 acres of citrus (Oranges), 300 acres of former citrus and ackee groves, and perhaps more than 3,000 acres of undeveloped land suitable for agriculture. The balance of the land is in hills generally unsuitable for agriculture, but fully forested and containing a large quantity of hardwood and softwood trees with considerable value on both the local and export market.

Infrastructure includes 18-20 miles of all-weather roads and several bridges; a two-storey, colonial style, view home; farmworker housing; machine shop & storage facilities; elevated water storage tanks; farm vehicles and equipment.

Fruit Processors Ltd. consists of 21 acres of land near Mile 7 on the Southern Highway in Silk Grass Village and a two-storey concrete factory with 10,000 square feet of enclosed space on two levels and an additional 7,200 square feet of covered, but open, work space on the ground level. The factory is located in a 10 acre fenced property that has EPZ (Export Processing Zone) status with a unique, open-ended waiver from Government that also allows the company to market its products on the local market rather than being limited to exports as is typical. The factory currently produces coconut water for the Belize market and coconut oil sold in Belize and exported to the United States and Caribbean countries. Citrus is sold to CPBL (Citrus Products of Belize Ltd.) as is the case with most citrus in Belize. The product is sold and exported as concentrate and is also converted to various value-added juice drinks for the domestic and export market. Of note is the fact that Fruit Processors Ltd. is able to export fresh fruit (citrus) and has the equipment in place to renew that line of business which has not been pursued for some years.

In addition to complete coconut water and oil production lines and equipment, the facility includes two diesel-fueled boilers, two 10’ x 40’ cooler and freezer boxes, as well as loading/unloading and equipment storage areas. The water source is an on-site well and power is from the national grid.

These properties are centrally located: 15 miles from the citrus factory and from Dangriga—the largest town in southern Belize—and its regional airstrip; 35 miles from Big Creek Port; 55 miles from Belmopan, the national capital; and 100 miles from Belize City, the country’s metropolitan area and site of the Port of Belize.

Qualified buyers may benefit from a comprehensive Due Diligence report assembled over time by this agent. Serious inquiries are invited.

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