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Commercial For Sale In Corentyne-berbice Region,guyana
£796,000
Property features
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  • 2 bedrooms
  • A completed model home plus 7 more lots for a buyer to develop
  • Second option of 8 completed model homes for price $1,410,000
  • Option 3 a completed new model home for $125,000 plus taxes
  • Situated in the Tropics and located on the Atlantic / Coretyne coast
  • The stilt home design maintains its classic British Colonial elements
  • Two verandas/balconies
  • one part of entrance
  • Hardwood floors & doors
  • tiled floors in kitchen
  • Open plan and concrete structure ensure cool temperature throughout
  • Easy reach of the town of Rose Hall
  • beaches & 3 horse racing courses
Property description
The correct price of the property as it stands is in US dollars at $796,000, including taxes. A price appearing in Guyanese dollars or any other currency is to be disregarded. In case Summary Details do not appear in this feature, scroll down to the end for full details of the different purchase options.

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.

The sale of this property offers several different options for prospective buyers.

The quoted price of $796,000, including title, transport, taxes and closing costs, is for the owner/developers business as it stands, to include one completed model stilt home and the other seven lots for development by the buyer, 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, including title, transport, taxes and closing costs, which is estimated to be just under half its current value.

Finally, the owner will consider developing and selling each of the seven additional model stilt homes for $125,000 plus taxes, to be completed as the illustrated home will be at the end of the sale process.

This is a middle class community comprising of Officers and Teachers. However, this property will be considered more upper class when completed. Prices are very competitive and the property values will easily appreciate.

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.
25a, Corentyne-Berbice Region, Corentyne-Berbice, Guyana
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