A Great Opportunity in Jamaica
A rare offering of nearly one mile of Caribbean Sea frontage on this 43-acre oasis
Jamaica Life
This property is perfectly situated at the north-western end of the island in Hanover, the least populated parish in Jamaica is where life is embodied in relaxation and beauty.
Hanover is mixed with farming amongst coastal areas which offer tourism, scenic and dramatic sea vistas, tranquil coves, and lush greenery.
About
If you are looking for a rare opportunity with substantial upside potential, we offer all of that in one property.
Location & Market Profile
Ideally located on the Caribbean Sea side of the main coastal highway between Montego Bay and Negril, Jamaica.
Valuation
Certificated appraised Market Value of the freehold interest, as defined by the RICS Valuation Global Standard, November 25th, 2021 is USD$26 million (JMD$4 billion).
Property Attributes
Irregular-shaped seafront 10 meters (30 feet) above the highwater mark provides excellent views of the sea and cove area with level to gently sloping topography throughout.
Legal
No Restrictive Covenants are endorsed on the Title.
Caveats C-919176, 1300573, 1814054, and 2008539 are endorsed on the Title.
Improvements
Five main structures of varying age and condition.
What Our Valuation Surveyor Says
We take pride in serving up an opportunity with great upside potential.
“Seafront properties proximate to major towns are at a premium and in short supply, hence there is expected to be keen interest from prospective investors. The large size of the subject parcel should also enhance demand for investors given its greater usage.”
– A. F. Peart & Associates
“These coastal locations which have been overlooked for many years are now coming into sharper focus for new development. There is heightened interest in the real estate market partly due to planned hotel development in the area and land prices are increasing.”