House For Sale In Corentyne-berbice Region,guyana
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- 2 bedrooms
- A model home on a private boutique mini estate of just eight lots
- Siuated in the Tropics and located on the Atlantic / Coretyne coast
- This stretch of coast is also considered to be part of the Caribbean
- 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 & horse racing course
- Due to its oil
- Guyana has worlds fastest growing economy - Nasdaq
Property descriptionThe sale of this most interesting property provides an opportunity to invest in the worlds fastest growing economy, according to a Nasdaq compilation of the countries with the ten fastest growing economies, with Guyana coming out as number one. This is largely due to the continuing discoveries of oil in commercial quantities. Nasdaqs article, of which a copy will be supplied on request, also predicts that Guyana will be amongst the world's largest per-capita oil producers by 2025.
Property prices are already increasing in Guyana due to the oil discoveries and it seems inevitable that this will continue at an ever increasing rate. One of the latest major discoveries is at the Orinduik Block, which is offshore of the Corentyne coastline. A further discovery by Exxon Mobil in January 2020 has increased its total of recoverable oil and gas resources by 2 billion barrels to more than 8 billion barrels.
Although the discoveries are only some 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 next owner of the property will get the benefit of the development of the industry without any of its negative impact.
This individual detached stilt home, called Arch Villa, is set on one of just eight lots that form a private boutique subdivision located in the Tropics on the Atlantic/Coretyne coast of Guyana, which is also considered part of the Caribbean.
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, 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 subdivision has a private gated entrance and road, with a design that keeps the horse racing motif of the area. It comprises eight house lots extending from corner to corner and a model home.
The model home is a stilt home that maintains the classic British Colonial elements, while the interior reflects modern elements of the current period such as graphite counter tops in the kitchen. The main staircase is formal and has columns and spindles representative of the British Colonial architectural period.
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 for entertaining.
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 maintains a cool temperature throughout the home.
This is a rare opportunity for investors looking to enter the Guyanese market, where such real estate is difficult to find. With the oil discoveries referred to above, real estate values are likely to appreciate even more from 2020 when production by two major oil companies is due to start.
The correct price of the property is in US dollars at $796,000. A price appearing in Guyanese dollars or GBP is to be disregarded.
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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