The Caribbean island of Dominica (pronounced Dom-in-eek-a) is located between the two French islands of Martinique to the south and Guadeloupe to the north. The island is a rugged mass of towering mountains running through it's center like a backbone. At least 60% of this nature paradise is still covered by lush tropical oceanic rainforest. Water is one of the island's most abundant natural resources, creating countless spectacular waterfalls and gorges. Dominica boasts 3 national parks, one of which has been designated as a World Heritage site.
This lush tropical paradise is only 29 miles long by 16 miles wide (and 4,747 feet high) and is home to approximately 70,000 permanent residents. Its capital, Roseau is located on the southwestern shore and to the north is Portsmouth where the Picard Marine Resort is situated.
Location
Unique opportunity to acquire an investment ready residential tourism/marina project in Portsmouth, Dominica. Nestled in the beautiful lagoon with over 600 ft of beachfront, bounded by the river, this property is unique not only to Dominica but also to the Caribbean, as well. There is a natural sulfur spring located on the property which will have beneficial health effects for clients who use the natural SPA that is planned.
Located just 30 minutes from Melville Hall international airport and 45 minutes from Roseau and Canfield private aircraft airport. The resort is conveniently located close to a major medical school which has a superb facilities and a reputation for wealthy clients to seek medical treatment there.
The whole developments is covered by lush tropical trees and plants. This project is ready for investment as it took nearly 1.5 years to develop it to the stage at which it is now.
The Diving
The diving in Dominica rivals the topside beauty of the island. The reef is covered with encrusting sponges, barrel and tube sponges, healthy corals, sea fans, and huge schools of fish. This marine paradise is home to turtles, eagle rays, reef sharks, barracuda, and many other large pelagic animals, Dominica is fortunate to have an abundance of both resident and visiting cetaceans. Spinner dolphins, pilot whales, sperm whales, and false orcas all pass through Dominica's water regularly. Dominica is considered one of the best places in the Caribbean to see these amazing animals. There are opportunities for whale watching tours for those who are interested.
Marina/resort Investment
Opportunity In Dominica
26% discount on current valuation
Price only $2.6 million
Picard Marine Resort
2 & 3 bedroom Villas
Apartments from studio to Penthouses
40 + marina berths
Concept Drawing
The Investment
This is a unique investment opportunity for a developer with the ability and flair to take this project on and move it forward. There is a lot of scope and profit on this development and the potential to make this resort one of the most sought after in the Caribbean. The location is stunning and rare opportunity to acquire both frontline beach and a marina that has plans for 40 berths. The new owner can take this resort as a complete package and start to builds immediately or can turn it in to a design of his or her choice. It is currently being sold at a 26% discount on its current valuation.
Currently there are 5 two bedroom villas, 6 three bedroom villas and 45 apartments ranging from studio to penthouse planned. plus the 40 slips marina is planned.
Dominica, it has been reported, is in a position to dominate the regions eco-tourism industry. Known as “The Nature Island” the opportunity to construct a truly exquisite boutique resort, complete with the islands first and only marina, is an opportunity which will be truly exciting to be part of.
Main Features of Picard Marine Resort
Clear Titled Land of 5.4 acres
Property recently valued at $3.5 million
Frontline beach resort
Surveys and studies completed with documents available
40+ Marina Berths planned
Detailed designs of Yacht Facility building completed.
Financing available
Just 30 minutes from the International Airport
Only 45 minutes from a private airfield
Outline planning approved by the Dominica government
Other benefits
Options to expand on neighboring land ( 3.5 acres + 5.7 acres
Full paved access road to the resort already in place
No taxes related to the acquisition
Full utilities available next to the site
Full business plan and financial model available
Local corporation, which owns the land, established and audited.
Project is approved by the government and received tax incentives program.
Detail design of the marina building is done.
Hydrographic and bathymetric surveys are accomplished.
Wave and marina studies undertaken by region leading Canadian firm.
Marine preliminary design study is accomplished.
Summary
This is a complete package, ready for the serious investor to take it in on in the current form or adjust it to his needs. Acquisition of the project does not require any licenses or permissions as well as none of the taxes related to the real estate acquisition have to be paid, as property is owned by the company. Full set of documentation, drawings, titles, audits, valuation, etc is available upon request. Full hydrographic and bathymetric surveys are completed and a full wave and marine studies have been completed by a Canadian Company, so there is no extra financial out lay there.
Property recently valued at $3.5 mil USD by qualified surveyor. You have a great opportunity to acquire not just land, but the entire project for just $2.6 mil USD.
