Agave Landings

USD $1,650,000

Agave Landings is a highly-rated, turn-key business operation with a proven income stream consisting of short-term, self-catering holiday rental units. These units can also be offered as long-term, corporate apartments for diversification and the undeveloped acreage allows considerable potential for increased growth and profitability.

This fully fenced and gated complex was completed in March 2008 and sits on a prime acre of beach side property overlooking the pristine beaches and calm, turquoise waters of Ffreyes Bay; Valley Church Bay and the Five Islands Chain with panoramic views of St. Kitts, Nevis, and Redonda in the distance. Its premier location places it within minutes of a variety of restaurants and the golf course, marina, shopping and entertainment facilities of Jolly Harbour and Sugar Ridge.

With it’s proximity to the beach, the soon to be completed five-star Tamarinds Hills resort, and the infrastructure, landscaping, and facility improvements slated for Ffreyes Beach, this area will surely become one of the most highly sought after and exclusive locations in Antigua.

Flexibility:

continuation of successful short and long-term holiday rental business.

ample room for creation of a small niche resort with open central area for creation of courtyard, pool & cabana, or other shared facilities.

undeveloped hilltop, 58 acres for additional units or private residence(s)

potential to convert existing units to buy-to-let or time-shares properties.

Income Potential (limited only to the investor’s imagination):

proven and steadily increasing short-term occupancy rates

highly praised self-catering accommodations.

yearly income of US $76,000 and potential income over US$227,000(with additional capital investment)

sale of buy-to-own or buy-to-let villas priced at US$225,000-375,000 or more each(with little to no renovation)

Property Contains:

main apartment building(5,200 sq. feet) with 4-one bedroom/one bath (720 sf) & 2-two bedroom/one bath(1,140 sf) apartments

studio cottage (490 sf) with spacious basement storage (300 sf)

separate generator room with additional storage (225 sf)

fully fenced and lighted, 42 acres complex with undeveloped .58 acres of hilltop land above the cottage

full main utilities with standby generator and large cisterns under apartment building for water utility backup

consistent caribbean charm and color scheme throughout all building and structures.

roomy, fully equipped kitchens with maple cabinets and a suite of quality large and small appliance

Grounds Include:

established tropical landscaping

intercom controlled and motorized, vehicle entry gate and pedestrian gate on beach side of property,

outdoor shower with privacy landscaping, decorative front wall, fencing & retaining walls

over 450 linear feet of concrete walkways, over 3,100 sf of paved driveway & car park