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- Development Opportunity In Choiseul For Sale
- USD$1,115,242.00
About this Property
Development Opportunity In Choiseul For Sale:- Approved 9.2-Acre Subdivision
This offering presents a high-yield investment opportunity in the heart of Saint Lucia's growth corridor. Located on a scenic 9.2-acre parcel, this development-approved property has been subdivided into 42 residential lots. Infrastructure work has commenced, with roads cut and drainage partially installed.
Investment Highlights:
- Land Size: 9.2 acres (fully subdivided into 42 lots)
- Infrastructure: Roads cut, drains partially completed
- Approvals: Full DCA & WASCO approvals obtained
- Escrow Agreement: Approved with DCA – allows lot sales before full development
- Cost to Complete Development: Estimated at $1M XCD
- Minimum Lot Sales Revenue: $6,011,280 (at $15 XCD/sqft)
- Asking Price: $3,000,000 XCD
- Projected Profit: $2,011,280+ XCD (conservative estimate)
Premium Upside: Several lots offer ocean and Piton mountain views, which can command significantly higher pricing than the base rate of $15/sqft. These premium lots provide substantial margin upside.
Strategic Advantage: The escrow arrangement with DCA eliminates the need for upfront capital for infrastructure. Investors may start selling lots immediately, with proceeds directed toward completing the development. This de-risks the investment and accelerates cash flow.
Location Advantage: Situated near Saint Lucia's southern investment zone, including the Hewanorra International Airport, St. Jude Hospital, and tourism growth hubs, this development is well-placed to benefit from ongoing infrastructure improvements and increased buyer demand.
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Related Documents
Property Details
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Price USD$1,115,242.00
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Land Area 9.2 Acres
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Property Status Properties For Sale
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Property Type Development Land, Land For Sale In St Lucia
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