18-Hole Championship Masterpiece Designed by Award Winning Greg Norman
(Un-Finished Luxury Resort)
REF#: CPS 014
Location: Praslin, Praslin
INVESTMENT OPPORTUNITY
This Beach, Golf & Marina Resort is a 608 acre multi-phased five star master-planned luxury destination resort on St. Lucia which is un-finished. The project envisaged development in four phases but was unfortunately stalled in 2008, went in receivership in 2009 and Phase 1 was 52% complete.
The development is located in Praslin which is on the south-eastern sea board of the island, about 20 minutes away from Hewanorra International Airport.
Key Original Features of The Resort:
Location: Praslin, Praslin
INVESTMENT OPPORTUNITY
This Beach, Golf & Marina Resort is a 608 acre multi-phased five star master-planned luxury destination resort on St. Lucia which is un-finished. The project envisaged development in four phases but was unfortunately stalled in 2008, went in receivership in 2009 and Phase 1 was 52% complete.
The development is located in Praslin which is on the south-eastern sea board of the island, about 20 minutes away from Hewanorra International Airport.
Key Original Features of The Resort:
- The elevations are from sea-level to 620-feet above sea-level. Every residence is guaranteed to have phenomenal vistas of the bay, marina or ocean.
- An 18-Hole Championship Masterpiece designed by the Legandary Greg Norman.
- The Award Winning, Upper-Upscale Starwood-Westin Hotel and Resorts would be the Hotel-Operator for the Ocean Point and Ocean Reef Collection.
- The Ocean Point and Ocean Reef Collection of Residences are Fully Furnished with Luxurious and Designer Furniture, Fixtures and Equipment.
- 608 lush and pristine acres of 5-Star luxury residences, amenities and services.
- Troon Golf managed signature course designed by Greg Norman. 18 Ocean View Holes on what is expect to be among the most photographed courses in golf.
- The golf clubhouse site 275-feet above sea-level and boasts breathtaking views of the bay, the marina, the residences, ocean and horizon.
- A 42-berth Marina accommodating yachts up to 200-feet in length and a Luxury Marina Village will be part of The Resort second phase.
- Nature trails and eco-tourism activities on the property and the surrounding areas.
- Also in phase 2 (the “Sophisticated Phase”) will be a along with a 5-star Boutique Hotel, an Accredited Wellness Medical Spa & a Commercial center with upscale shopping boutique.
Rodney Bay Village Resort
REF#: CPS 013
Location: Rodney Bay, Gros-Islet
Price: US$20 MIL (EC$53,400,000)
INVESTMENT OPPORTUNITIES Properties For Sale:
Rodney Bay Village Resort overlooking the Caribbean Sea and the Queens Chain and visible vegetation around.Consented masterplan for the 320,000 sq ft for a 7-star resort hotel, with 600 beachfront and hillside villas. Site has about 4 to 5 buildings on site. 58.3acres of land.
Location: Rodney Bay, Gros-Islet
Price: US$20 MIL (EC$53,400,000)
INVESTMENT OPPORTUNITIES Properties For Sale:
Rodney Bay Village Resort overlooking the Caribbean Sea and the Queens Chain and visible vegetation around.Consented masterplan for the 320,000 sq ft for a 7-star resort hotel, with 600 beachfront and hillside villas. Site has about 4 to 5 buildings on site. 58.3acres of land.
HILL-TOP CONDOMINIUM
REF#: CPS 012
Location: Belle Vue, Cap Estate, Gros-Islet,
Price: US$5.8 MIL
LAND DESCRIPTION
The shape of the land is roughly rectangular and measures 62,953.59 square feet.
BUILDING DESCRIPTION
The residential complex consists of eight (8) apartments shared evenly between two buildings. The buildings are partially completed, each comprising of a two-storey reinforced concrete structure. The ground floor of each structure measures 3,462 square feet, while the first floors measure 3,059 sq. ft.
The total area of each building is 6,521 square feet, making the total area of the buildings 13,042 square feet. Upon completion each apartment will accommodate two bedrooms, two and a half bathrooms, kitchen, living room, dining room, laundry and a balcony
Location: Belle Vue, Cap Estate, Gros-Islet,
Price: US$5.8 MIL
LAND DESCRIPTION
The shape of the land is roughly rectangular and measures 62,953.59 square feet.
BUILDING DESCRIPTION
The residential complex consists of eight (8) apartments shared evenly between two buildings. The buildings are partially completed, each comprising of a two-storey reinforced concrete structure. The ground floor of each structure measures 3,462 square feet, while the first floors measure 3,059 sq. ft.
The total area of each building is 6,521 square feet, making the total area of the buildings 13,042 square feet. Upon completion each apartment will accommodate two bedrooms, two and a half bathrooms, kitchen, living room, dining room, laundry and a balcony
West Coast Beach Front Investment
REF#: CPS 011
Location: Anse La Verde, Anse La Raye
Price: US$3.75 MIL (EC$10,012,500)
INVESTMENT OPPORTUNITIES Properties For Sale:
13.77 acres of Beach Front Property overlooking the Caribbean Sea.
This Property 13.77 acres comes with unobstructed views and Located in the area of Anse La Verde, Anse La Raye.
Price:US$3,75.70,000
13.77 Acres= 599,821 sq. ft.
Pathways: Yes
Road Access: Yes
Location: Anse La Verde, Anse La Raye
Price: US$3.75 MIL (EC$10,012,500)
INVESTMENT OPPORTUNITIES Properties For Sale:
13.77 acres of Beach Front Property overlooking the Caribbean Sea.
This Property 13.77 acres comes with unobstructed views and Located in the area of Anse La Verde, Anse La Raye.
Price:US$3,75.70,000
13.77 Acres= 599,821 sq. ft.
Pathways: Yes
Road Access: Yes
Beach Front Investment
For a Premiere Eco- resort development project
NEW
REF#: CPS 010
Location: Grand Anse Estate
CALL FOR PRICE
Description
Grande Anse comprises approximately 1600 stunning, undeveloped acres ideally suited for a premiere nature reserve and sustainable Eco Resort development community.
The approximate one and a quarter-mile long sandy beach is one of the most picturesque and dramatic in St. Lucia, perhaps in the entire Caribbean. The cool Trade Winds of the Atlantic and the extensive reef creates a continuous mesmerizing surf. Even in its natural state, the extraordinary beauty of this coastal landscape is truly breath-taking.
This exceptional, remote property is contoured as a natural amphitheater, with mountain ridges on three sides which all focus on the expansive ocean activity. Significant mitigating engineering will be required for SAFE swimming. From every angle, one can enjoy a panoramic view of the beach. The highest elevation is about 1200 ft above sea level. The main valley offers hundreds of acres of flat land, including about 60 acres of beachfront property, known as the "Queen's Chain".
Three small "streams" run through the property. Two form lagoons on the Grande Anse Beach; an addition to the
landscape and an area of potential architectural interest. Most of the property is forested with coconut palms, other
exotic fruit trees and secondary tropical growth, though there has been some deforestation and clearing of land. A diversity of lush plant and wildlife can be found on the estate. The beach is an important nesting ground for the giant Leatherback turtle, which lays its eggs during the period from March to August. This is an exciting attraction for guests. The turtles are protected by law, and the "Desbarras Turtle Watch" is organized by the community of Desbarras. The property also contains one of the island's significant archeological sites dating back to the period of the Amerindian. The pre-Columbian theme could be optimized in a project design concept.
Location: Grand Anse Estate
CALL FOR PRICE
Description
Grande Anse comprises approximately 1600 stunning, undeveloped acres ideally suited for a premiere nature reserve and sustainable Eco Resort development community.
The approximate one and a quarter-mile long sandy beach is one of the most picturesque and dramatic in St. Lucia, perhaps in the entire Caribbean. The cool Trade Winds of the Atlantic and the extensive reef creates a continuous mesmerizing surf. Even in its natural state, the extraordinary beauty of this coastal landscape is truly breath-taking.
This exceptional, remote property is contoured as a natural amphitheater, with mountain ridges on three sides which all focus on the expansive ocean activity. Significant mitigating engineering will be required for SAFE swimming. From every angle, one can enjoy a panoramic view of the beach. The highest elevation is about 1200 ft above sea level. The main valley offers hundreds of acres of flat land, including about 60 acres of beachfront property, known as the "Queen's Chain".
Three small "streams" run through the property. Two form lagoons on the Grande Anse Beach; an addition to the
landscape and an area of potential architectural interest. Most of the property is forested with coconut palms, other
exotic fruit trees and secondary tropical growth, though there has been some deforestation and clearing of land. A diversity of lush plant and wildlife can be found on the estate. The beach is an important nesting ground for the giant Leatherback turtle, which lays its eggs during the period from March to August. This is an exciting attraction for guests. The turtles are protected by law, and the "Desbarras Turtle Watch" is organized by the community of Desbarras. The property also contains one of the island's significant archeological sites dating back to the period of the Amerindian. The pre-Columbian theme could be optimized in a project design concept.
Greenfields Commercial Investment
REF#: CPS 009
Location: Dennery Highway, Dennery
Price: US$674,157 MIL (EC$1,800,00) (Negotiable)
This property is located on the East Coast Road, midway between the Hewanorra International Airport, Vieux Fort and the George F.L. Charles Airport situated in Castries, the capital of St Lucia.
The Building is a three storey construction. It has space for a supermarket and additional office spaces with washrooms on the main floor. There is a basement floor which can accommodate storage rooms which also have male and female bathrooms. The Top Floor has space for a restaurant which includes a kitchen, storage, stage, dance floor, general dining and bar area. Also on this floor has male and female washrooms with two toilets each and a staff changing room with shower. The balcony leads to a fire exit staircase. This Property is enclosed by concrete block-work fence and concrete slab for public parking and driveway.
Are you looking for property that is strategically located to serve the north and south of the Island? Well look no further! Greenfields Property is the ideal location.
FEATURES
Location: Dennery Highway, Dennery
Price: US$674,157 MIL (EC$1,800,00) (Negotiable)
This property is located on the East Coast Road, midway between the Hewanorra International Airport, Vieux Fort and the George F.L. Charles Airport situated in Castries, the capital of St Lucia.
The Building is a three storey construction. It has space for a supermarket and additional office spaces with washrooms on the main floor. There is a basement floor which can accommodate storage rooms which also have male and female bathrooms. The Top Floor has space for a restaurant which includes a kitchen, storage, stage, dance floor, general dining and bar area. Also on this floor has male and female washrooms with two toilets each and a staff changing room with shower. The balcony leads to a fire exit staircase. This Property is enclosed by concrete block-work fence and concrete slab for public parking and driveway.
Are you looking for property that is strategically located to serve the north and south of the Island? Well look no further! Greenfields Property is the ideal location.
FEATURES
- Lot Size: 7,447 sq ft
- Main Floor-Supermarket space and office spaces-3,298 sq ft
- Bottom Floor-Basement/Storage are - 1,669 sq ft
- Top Floor- Restaurant Space - 3,554 sq ft
- Ideal location on the East Coast Highway
- Easy road access
Excellent Commercial Investment
REF#: CPS 008
Location: St Jude's Highway, Vieux-Fort
Price: US$749,064 MIL (EC$2,000,00) (Negotiable)
Three Storey Residential and Commercial Building available for sale, conveniently located just off the St Jude's Highway in Vieux-Fort. The property consist of storage space on the ground floor, commercial office space on the second flood and has a three bedroom, two bathroom, fully furnished apartment on the Top floor. The land size is estimated at 7000 sq ft where there is ample parking space to the front of the building. The location is ideal with easy road access and only 10 minutes drive from the town of Vieux- Fort.
FEATURES
Location: St Jude's Highway, Vieux-Fort
Price: US$749,064 MIL (EC$2,000,00) (Negotiable)
Three Storey Residential and Commercial Building available for sale, conveniently located just off the St Jude's Highway in Vieux-Fort. The property consist of storage space on the ground floor, commercial office space on the second flood and has a three bedroom, two bathroom, fully furnished apartment on the Top floor. The land size is estimated at 7000 sq ft where there is ample parking space to the front of the building. The location is ideal with easy road access and only 10 minutes drive from the town of Vieux- Fort.
FEATURES
- Space includes offices, storage area, bathrooms.
- Ideal location in St Judes Highway, Vieux-Fort.
- Easy road access.
Hidden West Coast Cove
REF#: CPS 007
Location: Anse La Raye
Price: US$3.95 MIL (EC$10,546,500)
This 13.77 Acres of seaside property in Anse la Raye is the Caribbean dream come true.
The property contains a pristine beach within a calm cove which is wonderful for swimming. They are within a protected marine management area due to the abundance of fish and coral reefs. The underwater fauna is breathtaking and ideal for snorkeling or diving.
The property can be accessed by land as well as boat. Castries harbor in the island's capital is a 15 minute boat ride to the north. The majestic Pitons in the town of Soufriere are 10-15 minutes to the south. This central location not only makes it easily accessible but also a convenient starting point for tours and excursions. The property also has a wide road frontage along the main road.
The land is gently sloping and is ideal for a low density tourism development such as a dive resort or vacation cottages. A developer can take advantage of excellent views looking out to the sea.
Location: Anse La Raye
Price: US$3.95 MIL (EC$10,546,500)
This 13.77 Acres of seaside property in Anse la Raye is the Caribbean dream come true.
The property contains a pristine beach within a calm cove which is wonderful for swimming. They are within a protected marine management area due to the abundance of fish and coral reefs. The underwater fauna is breathtaking and ideal for snorkeling or diving.
The property can be accessed by land as well as boat. Castries harbor in the island's capital is a 15 minute boat ride to the north. The majestic Pitons in the town of Soufriere are 10-15 minutes to the south. This central location not only makes it easily accessible but also a convenient starting point for tours and excursions. The property also has a wide road frontage along the main road.
The land is gently sloping and is ideal for a low density tourism development such as a dive resort or vacation cottages. A developer can take advantage of excellent views looking out to the sea.
Fantastic Beachfront Investment
REF#: CPS 006
Location: Fond Dor & Louverette, Dennery
Price: US$25,000/Acre (EC$65,000/Acre)
1000 Acres of beach front property near Fond Dor. This land offers the perfect scenery for touristic development with the beach being a major attraction for potential investors. LAND IS BEING SOLD ALL AT ONCE.
Location: Fond Dor & Louverette, Dennery
Price: US$25,000/Acre (EC$65,000/Acre)
1000 Acres of beach front property near Fond Dor. This land offers the perfect scenery for touristic development with the beach being a major attraction for potential investors. LAND IS BEING SOLD ALL AT ONCE.
BOUTIQUE STYLE HOTEL
(HABITAT TERRACE)
REF#: CPS 005
Location: Bonne Terre, Gros-Islet
Price: US$2.5 MIL (EC$6,675,000)
HABITAT TERRACE is a Small Hotel in St.Lucia with a captivating mix of ambiance and modern day comfort. Personalized and intimate service with international and local cuisine, with a twist of St Lucia flavor.
The Hotel Located in the north of St.Lucia in Bonne Terre overlooking the Rodney Bay Area and beyond, as far as the Pigeon Island.
HABITAT TERRACE has the enviable distinction of being one of St. Lucia's hidden gems. The property was designed to capture the unique cultural and tropical flavors of St. Lucia. Fresh vibrant Caribbean hues, Rattan furniture and colorful landscape instantly sets the scene for a unique St. Lucian holiday – be it a weekend get-a-way or long term stay!
HABITAT TERRACE is a 20 minute drive from the Capital Castries and the G.F. L. Charles Airport at Vigie; 3 - 5 minute drive from the Rodney Bay Marina and the Rodney Bay Village which offers a complete shopping experience. A variety of local & international cuisine, banking services and stretches of sand, sea & sun at our ever popular Reduit Beach, a must to experience.
FEATURES:
Location: Bonne Terre, Gros-Islet
Price: US$2.5 MIL (EC$6,675,000)
HABITAT TERRACE is a Small Hotel in St.Lucia with a captivating mix of ambiance and modern day comfort. Personalized and intimate service with international and local cuisine, with a twist of St Lucia flavor.
The Hotel Located in the north of St.Lucia in Bonne Terre overlooking the Rodney Bay Area and beyond, as far as the Pigeon Island.
HABITAT TERRACE has the enviable distinction of being one of St. Lucia's hidden gems. The property was designed to capture the unique cultural and tropical flavors of St. Lucia. Fresh vibrant Caribbean hues, Rattan furniture and colorful landscape instantly sets the scene for a unique St. Lucian holiday – be it a weekend get-a-way or long term stay!
HABITAT TERRACE is a 20 minute drive from the Capital Castries and the G.F. L. Charles Airport at Vigie; 3 - 5 minute drive from the Rodney Bay Marina and the Rodney Bay Village which offers a complete shopping experience. A variety of local & international cuisine, banking services and stretches of sand, sea & sun at our ever popular Reduit Beach, a must to experience.
FEATURES:
- 12 bedrooms
- 12 bathrooms
- Swimming Pool
- Close Proximity to Rodney Bay and all amenities
- Breathtaking Views
- Close to the Beach
- Garden
- Furnished
- 2 story building
- Parking Available
Flat One Acre Commercial Land
REF#: CPS 004
Location: Massade Estate, Gros-Islet
Price: US$659,000 (EC$1,759,530)
One acre of nice flat commercial land in Massade. Easy main road access. All utilities in place. The best location in the North to build a warehouse or factory unit.
Location: Massade Estate, Gros-Islet
Price: US$659,000 (EC$1,759,530)
One acre of nice flat commercial land in Massade. Easy main road access. All utilities in place. The best location in the North to build a warehouse or factory unit.
Flat Commercial Land
REF#: CPS 003
Location: Massade Estate, Gros-Islet
Price: US$462,000 (EC$1,225,000)
This 35,000 sq ft of flat land is in an area north of Rodney Bay in a well industrial estate. The lot has easy access from the main road, and all utilities are in place. Good location to build a warehouse or industrial unit.
Location: Massade Estate, Gros-Islet
Price: US$462,000 (EC$1,225,000)
This 35,000 sq ft of flat land is in an area north of Rodney Bay in a well industrial estate. The lot has easy access from the main road, and all utilities are in place. Good location to build a warehouse or industrial unit.
The Great House
EF#: CPS 002
Location: Cap Estate, Gros-Islet
Price: US$3,600,000 (EC$9,612,000)
This very interesting property and land on Cap Estate has excellent commercial development potential Cap Estate has become the premiere residential location on St Lucia. The Great House is just off the main entrance road into Cap Estate, close to the golf course and with easy access to the beaches The Great House is one of the original homes in Cap Estate , built in the grand plantation style in the 1960's The house has a beautiful entrance hall and was in recent years an excellent restaurant The main house has five bedrooms and five bathrooms and is approximately 4300 sq ft.
Additional buildings adjacent to the house include a former nightclub and an outdoor theatre with excellent acoustics. In additional to the 2.01 acres on which the buildings sit there is as additional 8.52 acres of superb land. This whole enclave could be developed as a very exclusive villa style resort. Individual building plots on Cap Estate sell for between $10 usd and $15 usd per sq ft.
This makes this house of great character and the additional land a very good investment for an imaginative developer or a very interesting personal home project.
Location: Cap Estate, Gros-Islet
Price: US$3,600,000 (EC$9,612,000)
This very interesting property and land on Cap Estate has excellent commercial development potential Cap Estate has become the premiere residential location on St Lucia. The Great House is just off the main entrance road into Cap Estate, close to the golf course and with easy access to the beaches The Great House is one of the original homes in Cap Estate , built in the grand plantation style in the 1960's The house has a beautiful entrance hall and was in recent years an excellent restaurant The main house has five bedrooms and five bathrooms and is approximately 4300 sq ft.
Additional buildings adjacent to the house include a former nightclub and an outdoor theatre with excellent acoustics. In additional to the 2.01 acres on which the buildings sit there is as additional 8.52 acres of superb land. This whole enclave could be developed as a very exclusive villa style resort. Individual building plots on Cap Estate sell for between $10 usd and $15 usd per sq ft.
This makes this house of great character and the additional land a very good investment for an imaginative developer or a very interesting personal home project.
Great Hotel Investment
REF#: CPS 001
Location: Massade, Gros-Islet
Price:US$2,000,000 (EC$5,340,000)
This Hotel consists of 30 bedrooms very near to Gros Islet with stunning views of the Caribbean sea and the marina.
This thirty bedrooms hotel is situated in the Massade area, very near to the small Northern town of Gros-Islet. The Hotel is in a very convenient location for Rodney Bay Marina, the Cricket Ground, Pigeon Island and all the facilities of the Rodney Bay area. The Glen castle Resort offers a mid range price on rooms and could benefit from some upgrades, but has a great deal of potential to offer a quality hotel product at more affordable prices than the center of Rodney Bay, whilst still having easy access to all tourist facilities and local beaches.
Perhaps changes to the name and external appearance could make it a more "Caribbean " style hotel. A heavy marketing promotion could help develop the occupancy substantially, particularly for visitors from other Caribbean islands.
The hotel has two swimming pools, one of these is on the rooftop, where the views especially at Sunset over the whole of Rodney Bay have a great deal of appeal. There are two conference rooms in the hotel, and several smaller meeting rooms with the potential for additional income the hotel has a fully equipped restaurant.
This is a good commercial purchase, with a great deal of potential for a buyer able to give it some TLC and Caribbean appeal , and with the ability to sell the rooms and facilities and restaurant to the right market.
Location: Massade, Gros-Islet
Price:US$2,000,000 (EC$5,340,000)
This Hotel consists of 30 bedrooms very near to Gros Islet with stunning views of the Caribbean sea and the marina.
This thirty bedrooms hotel is situated in the Massade area, very near to the small Northern town of Gros-Islet. The Hotel is in a very convenient location for Rodney Bay Marina, the Cricket Ground, Pigeon Island and all the facilities of the Rodney Bay area. The Glen castle Resort offers a mid range price on rooms and could benefit from some upgrades, but has a great deal of potential to offer a quality hotel product at more affordable prices than the center of Rodney Bay, whilst still having easy access to all tourist facilities and local beaches.
Perhaps changes to the name and external appearance could make it a more "Caribbean " style hotel. A heavy marketing promotion could help develop the occupancy substantially, particularly for visitors from other Caribbean islands.
The hotel has two swimming pools, one of these is on the rooftop, where the views especially at Sunset over the whole of Rodney Bay have a great deal of appeal. There are two conference rooms in the hotel, and several smaller meeting rooms with the potential for additional income the hotel has a fully equipped restaurant.
This is a good commercial purchase, with a great deal of potential for a buyer able to give it some TLC and Caribbean appeal , and with the ability to sell the rooms and facilities and restaurant to the right market.
Apartment Guest House- Good Investment
REF#: CPS 000
Location: Choc Bay, Gros-Islet
Price:US$674,157 (EC$1,800,000)
This large property which is currently being run as a guesthouse has a great commercial location minutes drive from Castries to its south and Rodney Bay to its North. In its elevated position it has fantastic sea views and overlooks the highway to Castries.
This property is currently operating as a guest house for foreign travellers and business men and women.
This apartment building and guest house is just a short drive north of Castries, just off the main highway towards Rodney Bay, making it ideal for travellers and students staying in St.Lucia.
This building measures 5076 sq. ft and sits on 17,526 sq. ft. of land. This lot is nestled high on a hill with excellent views of the sea. The main building has a 2 bedroom lower apartment and the main level has a 4 bedroom apartment. Meanwhile, the top floor has 3 double bed suites-each with their own bathrooms, and 2 single bed suites which share a communal bathroom. The top floor has a communal living area for guests to relax.
There is a detached building on the property which has 3 studio apartments and some other small storage buildings along with a parking shelter. In total, there are 14 bedrooms and 10 bathrooms.
The property is approached via an established asphalt road. It has ample parking to the front and the rear. The property can immediately generate income or can be further redeveloped and extended into a larger guesthouse or office building.
Location: Choc Bay, Gros-Islet
Price:US$674,157 (EC$1,800,000)
This large property which is currently being run as a guesthouse has a great commercial location minutes drive from Castries to its south and Rodney Bay to its North. In its elevated position it has fantastic sea views and overlooks the highway to Castries.
This property is currently operating as a guest house for foreign travellers and business men and women.
This apartment building and guest house is just a short drive north of Castries, just off the main highway towards Rodney Bay, making it ideal for travellers and students staying in St.Lucia.
This building measures 5076 sq. ft and sits on 17,526 sq. ft. of land. This lot is nestled high on a hill with excellent views of the sea. The main building has a 2 bedroom lower apartment and the main level has a 4 bedroom apartment. Meanwhile, the top floor has 3 double bed suites-each with their own bathrooms, and 2 single bed suites which share a communal bathroom. The top floor has a communal living area for guests to relax.
There is a detached building on the property which has 3 studio apartments and some other small storage buildings along with a parking shelter. In total, there are 14 bedrooms and 10 bathrooms.
The property is approached via an established asphalt road. It has ample parking to the front and the rear. The property can immediately generate income or can be further redeveloped and extended into a larger guesthouse or office building.