Cap Estate, St Lucia
- PROPERTY TYPE
Commercial Development
- BEDROOMS
15
- SIZE
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Key features
- Income Generating
- condo
- commercial property
- town house
- rodney bay
- sea view
- marina view
- hotel & guesthouses for sale
- income generating
- near pigeon island
Description
Excellent Tourist based development set into the hillside overlooking Pigeon Island and the Caribbean Sea. Peaceful location but only a short, easy drive to all Restaurants, Beaches, and Nightlife.
This development is only partly constructed but has full DCA approval to complete the project.
The total land area is 4.8 acres (i.e. $212,000 square feet) of land (the normal price of residential land in this location is $10 USD a square foot)
Fully constructed seven-unit block, comprised of two X one bedroom and two X two-bedroom condos and 3 X two-bedroom townhouses with plunge pools.
There is development control approval for two additional seven-unit blocks with a communal pool. These are not yet constructed but will make use of the 2.5 acres not yet developed.
In addition, there are 2 X Three bedroom Villas to be completed.
One Villa is approximately 75% complete and one is 40% completed. Both need kitchen and bathroom fittings installing.
Rental on a nightly basis as a tourism vacation rental.
One bedroom condo $100 USD to $195 USD a night
Two bedroom condo $150 USD to $250 USD per night
Three-bedroom condo $195 to $295 USD per night
Villa rentals $295 to $395 USD per night
Projected annual income when the full development is completed, based on 60% occupancy $1,750,000usd.
The asking price $5,800,000 USD.
Estimations from local builders can be obtained for the completion of the full project.
Cap Estate, St Lucia
NEAREST AIRPORTS
Distances are straight line measurements- Hewanorra(International)21.6 miles
Notes
This is a property advertisement provided and maintained by St. Lucia Homes Real Estate, Saint Lucia (reference CAP118) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.