CAP 118 – Belle Vue Development – Gated Community

DEVELOPMENT POTENTIAL. DO YOU HAVE THE VISION?

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 .

Total land area is 4.8 acres (i.e. $212,000 square feet) of land  ( 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 tourism vacation rental .

One bedroom condo $100usd to $195 usd a night 

Two bedrrom 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.

Asking price $5,800,000 usd .

Estimations from local builders can be obtained for completion of the full project . 

Features and Details

  • Property ID: CAP 118 
  • Region - Country: Caribbean 
  • Island: St Lucia 
  • Community: Cap Estate 
  • Address: Cap Estate, St. Lucia  
  • Listing: For Sale 
  • Property: Commercial 
  • Class: Commercial 
  • Bedrooms: 12 
  • Floors:
  • Lot Size: 177724 
  • Price: 5,800,000 
  • Currency: USD 
  • Agency Name:: St Lucia Homes 
  • Agent Name:: Property Agent 
  • Telephone: 1-758-450-0877 
  • List Order: 6927