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MDD_001 - Exceptional 45.2 Acres of Land for Residential Development Near Castries

Price per sq ft: 2.00 XCD

Sales Price: 
3,937,824.00 XCD
Sales Price: 
1,449,381.28 USD

Property Description

Outstanding land for housing/land development with partial views of the Caribbean Sea and great country views. This property lends itself to some incredible development potential because of its accessibility and position next to an existing housing development.


Location/Accessibility

There lies a parcel totaling 45.20 acres of gently sloping hillside land in the area of Morne Du Don, quarter of the capitol Castries.

The property is served/borders directly with a secondary two lane traffic road.

This area is highly accessible as its roadways lead to the town of Castries or Rodney Bay in 5-10 minutes respectively. It is also served by roads which avoid the Castries commute altogether to reach either Rodney Bay or Vieux Fort.

Outlook

Most of the lots achieve a breathtaking view of the surrounding mountains and vistas. The lots closer to the highest point of the land achieve views of the Caribbean sea and Coastline up to Pigeon island.

Target Market

This as an excellent location for local affordable residential lots as there is still a great demand for local property.

Land Values

The westerly neighboring Hillcrest Development is well established with more than 50% of homes built along concrete roads for two-way traffic. These lots were sold between 2009 and 2010 for approximately 8-10 EC/sq.ft. The maximum attainable at this site would be 15 EC/sq.ft. for lots with a view of the Caribbean Sea. Other lots with regular views can be priced at 10 – 12 EC/sq.ft.

Property Details

Amenities:

  • Near Town/City
  • Near Fitness Centre
  • Gentle Slope
  • Concrete Road
  • Caribbean Sea View

Other Amenities:
  • Prime location.
  • Exceptional value for money.
  • Fantastic development and investment opportunities.
  • Income generating.
  • Easily accessible.

 

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