If you are looking for an attractive investment opportunity in Dominica, then this beautiful beachfront property in a Prime location near Portsmouth might be just right for you!
Located at Picard Estate, in the center of Prince Rupert Bay, lies this commercial beachfront property of 3.812acres. The land is flat and rectangular in shape with a 270 ft beach frontage.
The buildings on the property include:
- An established beach bar & restaurant with 1,732 sq ft floor space.
- 3 cottages (each consisting of 2 self-contained apartments with private entrance and patio) each with about 1,300 sq ft floor space
- The owner’s residence with 2,478 sq ft consisting of 2 apartments – one 1 BR and one 2 BR apartment. The flat concrete roof of this building allows for the construction of a second floor.
- The owner’s old/previous home which is in need of renovation (about 1,000 sq ft).
The fully operational restaurant and beach bar comes fully equipped and is a busy and popular location enjoyed by locals and tourists alike.
The cottages are furnished with a kitchenette, 2 Queen size beds, a dining and a seating area. Excellent ratings on Trip Advisor and booking.com.
Stone pathways lead to the cottage through the grounds which are landscaped with beautiful flowers, plants, hedges, fruit and ornamental trees. About one third of the land, towards the east/back of the property, contains a well cultivated fruit orchard with a healthy variety of banana, plantain, breadfruit, cacao, mango, guava, papaya, citrus, cashew nut, sugar apple, avocado and coconut trees providing fresh local ingredients for the tempting menu offered at the delightful open air restaurant.
The location of this property is particularly prized for its enormous investment potential. Picard has developed an international reputation as an increasingly prosperous community on the north-west coast of Dominica. This is partly due to the expanding population created by the Ross University School of Medicine and the need for a wide variety of goods and services.
With Portsmouth being the yachting/boating capital of Dominica, a great many opportunities exist for business within this sector. Additionally, there are several new luxury hotels currently being built within the area encouraging even more commerce.
The Douglas Charles International Airport is a 45 minute drive. Roseau is about 50 minutes away.
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