This exceptional 11 Acres property is poised for development and is located in the mid – northern location of the Placencia peninsula. The Peninsula’s main road runs through the center front of the property.
This prime property features 435 feet of Sea Frontage and includes 433 feet of lagoon frontage at rear. This is an Ideal Investment location for Condo / Marina Development /Marina Residential Subdivision.
The eleven acres consists of 2 Properties which are both vacant and development plans are included with the purchase.
This area would also lend itself to a nice development of luxury Spec Homes with Marina at rear as option.
Property has (2) separate freehold Land titles. Present Condo development plan has full approval from all Government Departments. Just needs to be updated.
PARCEL NO. 278 – 2.2 Acres (Sea to Main Road)
PARCEL NO. 276 – 8.5 Acres (Main Road To Lagoon)
Approved structures; The following building permits have been approved:
- Administration building
- Lagoon side restaurant
- Yacht club on the lagoon side
- Pier on the beachside
- And the first bridge on the peninsula over the main road
- 18 3-story condo buildings
- 22 2-story condo buildings with penthouses
This property boast an impressive 435′ of Caribbean Sea frontage giving a Developer all the necessary frontage to develop condos / luxury spec home etc.