Income-Generating Condominium Complex for Sale, South Frigate Bay, St Kitts

  • US $5,899,000
Frigates Bay, ST. Kitts and Nevis
For Sale

Income-Generating Condominium Complex for Sale, South Frigate Bay, St Kitts

Frigates Bay, ST. Kitts and Nevis
  • US $5,899,000

Overview

  • Condo, Hotel, Oceanview
  • Property Type
  • 26
  • Bedrooms
  • 24
  • Bathrooms

Description

Exceptional Income-Generating Condo Complex in St Kitts – Your Ideal Hospitality Investment

Condominium Complex For Sale in St Kitts – A Rare Opportunity!

This presents a unique chance to acquire a recently constructed, income-generating 26-key condominium complex in St Kitts—an ideal investment for operating as a boutique hotel, condo hotel, guest house, or other vacation rental businesses.

Prime Location with Stunning Views: Nestled into a hillside overlooking the one-mile sandy beach at South Frigate Bay, the Caribbean Sea, and the Royal St Kitts Golf Club, this complex offers unparalleled views that make it a standout in the hospitality market.

Diverse Accommodation Options: Established as a condominium association, the offering includes a main house with a guest apartment, five directly owned condos, and shared common areas sprawled over half an acre of grounds. Additionally, ownership of a management company that oversees and leases 15 additional condos within the complex, owned by private investors, is included.

Recent Construction and Government Approval: Most structures were built within the last decade, with some condos completed in the last 1-2 years. Remarkably, none of the structures sustained damage during recent storms. The property is a government-approved project for the St Kitts & Nevis Citizenship by Investment Program, presenting an added layer of appeal.

Main House Splendor: The main house spans 4,000 square feet with 2,000 square feet of terraces, offering a comfortable living area, two bedrooms, two bathrooms, and a 500 square foot private roof garden. The house also features an attached 800 square foot guest apartment and a 500 square foot 2-car garage.

Diverse Condo Units: The offering includes five owned condos, ranging from 1,000 to 1,400 square feet each, comprising a two-bedroom/two-bathroom condo and four one-bedroom/one-bathroom condos. These units qualify for the St Kitts & Nevis Citizenship by Investment Program.

Managed Condos – A Revenue Opportunity: The complex features 15 additional privately owned condos under exclusive rental management. This offers a lucrative ROI opportunity for a new buyer, with rental revenue shared between condo owners and the management company. Condos range from 800 to 1,500 square feet, with private covered terraces.

Common Areas and Additional Amenities: The offering includes common areas with shared amenities, such as a large pool, an area for a potential bar/restaurant, and a spacious basement ideal for a spa, gym, or treatment rooms—potentially enhancing the complex and creating an additional revenue stream.

Prime Location and Proximity: Situated just a short stroll from South Frigate Bay beach and adjacent to the Royal St Kitts Golf Club, the property is a haven for those seeking relaxation or engaging in water sports. With Basseterre and Robert L. Bradshaw International Airport just 5 minutes away, convenience meets luxury in this prime location.

Unlock the Potential of St Kitts Hospitality Investment! With very few hotels available for sale in St Kitts & Nevis, this complex stands as a rare gem. Seize the opportunity to transform these units into a boutique hotel, condo hotel, guest house, or a flourishing vacation rental business. For those seeking a thriving investment in the Caribbean, this is your key to unlocking unparalleled success

Details

Updated on December 21, 2023 at 2:06 pm
  • Price: US $5,899,000
  • Land Area: 30,000 Sq ft
  • Bedrooms: 26
  • Bathrooms: 24
  • Property Type: Condo, Hotel, Oceanview
  • Property Status: For Sale
  • City Frigates Bay
  • State/county St. Kitts and Nevis
  • Country ST. Kitts and Nevis

Contact Information

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