Investment Never Looked Better

 


Investment Cost: US$ 30 million
Address: Marigot Bay
District: Castries
Sector: Real Estate

 

Marigot Bay – the “Portofino of the Caribbean” as described by visiting Super-Yacht Captains - developed over the past ten years into an up-scale tourism destination with the opening of the five star “Discovery at Marigot Bay” Hotel, the Super-Yacht Marina and Marina village in 2006. Recently re-named Marigot Bay Resort and Marina (www.marigotbayresort.com.) they provide the nucleus for a wide range of services and facilities for both terrestrial and water-based tourism and attract many celebrity visitors.

Marigot Bay is a “double bay”, bisected by the La Bas beach spit extending out from the north side. Almost all the development to date has taken place on the south side of the Bay. Over 100 acres on the north side of the inner Bay are undeveloped except for a small waterfront development on Land Parcel 0443B 25.

UNIQUE SELLING POINTS INCLUDE:

  • A world class site – with stunning, south-facing views over Marigot Bay and the Caribbean – an icon of Saint Lucia tourism and the second most photographed location in Saint Lucian guide books after the World Heritage, Piton mountains.
  • A world class location – “Magical” Marigot Bay has a full range of high-end terrestrial and marine tourism   facilities.
  • Outstanding Natural Beauty - regularly used as a film location
  • A large site – Over 30 acres of the total 100 acres could be developed as a major resort – with the balance of the acreage providing protection, recreational land and longer-term development potential for private villas etc.
  • Zoned for Touristic and Residential Development - existing planning approvals exist for parts of the acreage covering resort development and a private villa – setting precedents for non-controversial, planning approvals for future development.
  • Almost certain qualification for CIP registration and access to low-cost financing for part of the development costs
  • A two-minute boardwalk through the Mangroves to La Bas, a small, safe swimming beach
  • Only accessible by boat – creating an oasis of calm and quiet for a relaxed vacation – free of traffic noise and easily secured – but only 2 minutes ferry ride away from all the south side bars, restaurants, shops, bank and other facilities.
  • Central Location - 5 miles south of Castries on the Caribbean coast – it is a one hour drive from Hewanorra International airport – much closer than most tourism areas and centrally located for exploring the entire island.

MARINA DEVELOPMENT POTENTIAL:

Camper & Nicholson Marinas (www.cnmarinas.com) have put forward proposals for a 100-slip marina focused on cruising sailboats in the 40ft. to 80ft. range – which reflects the Government’s priority for the expansion of Saint Lucia’s sailing infrastructure and facilities.

The bisection of the bay creates a very calm marine environment in the inner bay and Marigot is recognised as the safest, deep-water natural harbour in the Eastern Caribbean.

 

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