Investment Number: 10088

Placencia Village Square is a new commerical and professional complex on Main street in the center of Placencia Village. Phase 1 is complete with 4 new buildings and 9 new spaces plus 2 existing houses and 100% occupancy. Long term leases are in place. Phase 2 is projected to house and additional 10 units comprising 5,000 sq. feet.

This Bristish Colonial period theme project has been very well received and is both unique and striking. Fountains, pond, walkways and well developed grounds make this a "must see" for Placencia vistors.

At completion, 10,000 sq. ft. with 100% occupancy, the annual rental income would be US$400,000.  When converted into condominium units at, fair market value the spaces would sell for US$250 per square foot.

This is undoubtedly the best commercial location on the Placencia peninsula, almost a full city block! This project was built to sell. Developer intends to pull equity out of this project to fund other developments.