Commercial Land for sale: Corentyne-Berbice Region


Reference: 36114_PS_JC_25A

Key Features

  • A vacant lot for building in sought after location from only $80,000
  • Or a second option of seven such development lots for $550,000
  • Option 3 – a completed new model home for $150,000 plus taxes
  • Situated in the Tropics and located on the Atlantic / Coretyne coast
  • The stilt home design maintains its classic British Colonial elements
  • The study or playroom can easily be converted into a third bedroom
  • Two verandas/balconies, one off rear bedroom, one part of entrance
  • Hardwood floors & doors, tiled floors in kitchen, bathroom & balconies
  • Open plan and concrete structure ensure cool temperature throughout
  • Easy reach of the town of Rose Hall, beaches & 3 horse racing courses

Summary

A unique opportunity to buy a vacant lot in a sought after location to have your home built to an agreed specification, prices from $80,000; or own your completed model home from $150,000; or buy seven lots to develop for $550,000. All prices are in US dollars.

Description

There are various different options to select from when considering this unique opportunity in such a favoured location, where property values are forecast to increase considerably due to the recent oil discoveries off the coast of Guyana.

You can buy a vacant lot to have your home built to an agreed specification. The lots are priced at $80,000, $90,000 or $100,000. Alternatively, you can buy all seven lots for $550,000, a discount of $40,000.

Another option is to buy your completed model home for $150,000 plus taxes or, for the price of $796,000, including title, transport, taxes and closing costs, buy the owner/developer’s business as it stands, to include one completed model stilt home and the other seven lots for development. For this option, the illustrated home will be completed immediately following completion of the sale to the new owner.

Alternatively, the owner will sell the entire business comprising eight completed houses in this recreation and leisure location for the price of $1,410,000.

This is a rare opportunity to invest in the fast growing property market of Guyana, where such real estate is difficult to find. With projected growth of 16.39% in 2021, Guyana is among the fastest growing economies in the world. This is largely due to the continuing discoveries of oil in commercial quantities. Guyana is already a major oil producer and Nasdaq predicts that it will be amongst the world's largest per-capita oil producers by 2025. Real estate values are likely to appreciate considerably as a result of recent oil discoveries progressing to commercial production by major oil companies.

The property is located on the Atlantic / Coretyne coast in an area considered to be part of the Caribbean and within the Tropics. Although some recent oil discoveries are only about two hours drive from the property, the prevailing wind blows in a direction that will take the noise and smell of the drilling away from the coast, leaving the beaches that are closest to the property in pristine condition. So, the new owner or owners will get the benefit of the development of the industry without any of its negative impact.

A short drive to the West are the University of Guyana campus and the town of Rose Hall, where you can find shops, markets, banks, restaurants, schools and cricket grounds, whilst nearby are Manchester Village and the three famous horse racing courses of Alness, Kennard Memorial and Port Mourant. Also easily accessible are Manchester Beach and, to the East, the renowned 63 Beach, which stretches for ten miles and is a major tourist attraction. It connects several villages along the Corentyne River.

The detached stilt home, called ‘Arch Villa’ and illustrated in the photographs of this listing, is set on one of the eight lots that form a private boutique subdivision, with its own private road and gated entrance, where the horse racing motif of the area is clearly visible. The home maintains classic British Colonial elements, while the interior reflects modern features of the current period such as granite counter tops in the kitchen. The main staircase is formal and has columns and spindles representative of the British Colonial architectural period. There are hardwood floors and doors throughout with the exception of the kitchen, bathroom and balconies which are tiled. The open floor plan and concrete structure maintain a cool temperature throughout the home.

The floor plan consists of two bedrooms, a study / playroom which could easily be converted into a third bedroom, the bathroom, two verandas / balconies, one of which is off the rear bedroom, while the other is part of the main entrance on the second floor, covering the front of the house so as to allow space for entertaining. At the rear are a patio and garden area. The home has a floor area of 800 square feet or 74.32 square metres, measuring 40 feet by 20 feet (12.19 by 6.096 metres).

The other seven custom built homes under construction will be of similar design, size and structure but, because they are custom built, there may be some minor variations, which are allowed.

As well as its own private entrance, the boutique subdivision will have guard service and a groundsman / gardener. Maid service will also be provided for individual owners requiring this service. The annual guard service and ground maintenance fees and any maid service costs are all additional to the individual house purchase prices.

IMPORTANT NOTICE

These details are provided and intended as a general guide only and do not form a contract or any part of a contract. Intending buyers must make their own investigations and are advised to take appropriate independent legal advice. The final sale price may vary due to currency exchange fluctuations.

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Reference: 36114_PS_JC_25A

Contact Agent

Investabroad Properties Ltd
Tel: 0044 121 616 5108