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Property Details:

Property ID: 19982358

Price: £4,603,399

Property Location: Trinidad and Tobago, Ward of Tobago, King Peter's Bay

Investment Type: Property Investment

Type of Property:

  • Development Land
  • Development Land

Spectacular 100 acre site offered for sale or JV on the Caribbean side of Tobago. This land offers an excellent opportunity to develop a self-contained resort. An adjoining parcel is also available for purchase, which would allow for development of a large

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Cotton Bay Estate

Description

OPPORTUNITY
Stunning 100 acre site available to purchase on its own, or by negotiating the purchase of two adjoining pieces of land to create a 500 acre site.

LAND DESCRIPTION
Located on the sheltered Caribbean coast, this is a stunning piece of land, rich in vegetation and with some fantastic coastline. There is good road access to the site, but infrastructure work will be required. The land is in an area earmarked for development by the government.

PLANNING STATUS
The owners have put together a marina, resort and residence proposal in conjunction with a neighbouring plot. This plan has not been submitted, but indications are that it would be treated favourably. It includes 3 resorts with a total of 110 guest rooms, 100 x 3 to 4 bed villas, a 20 berth yacht marina, dive centre, golf course, 5 restaurants, 2 large beaches and much more. This would become a major destination for the island.

OWNERSHIP BACKGROUND
The land is co-owned by two brothers, who would prefer a straight sale, but who are open to a JV.

DEAL INFORMATION
The transfer of shares in the land-owning company would be the most efficient way to acquire the land.

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