Property Details

This 228-acre site in Mahaut, Soufriere, St. Lucia presents an unparalleled investment opportunity. This expansive property, once granted planning permission for a 5-star luxury resort, spans a total of 228.3 acres and includes a 6.92-acre portion of the King’s Chain that goes down to the nearby beach.

Nestled in the picturesque district of Soufriere, St. Lucia, Belvedere Plantation is situated 3.8 km north of Soufriere town. This area is renowned for its natural beauty, including the famous drive-in volcano, hot springs, and the iconic Gros Piton and Petit Piton volcanic plugs, a UNESCO World Heritage Site since 2004. The property's elevated terrain offers stunning views of the countryside and the Caribbean Sea.

This 228-acre site, which is irregular in shape, features elevations reaching up to 150 feet above sea level. The north, south and east of the land slopes downward into the middle and west - offering stunning sunset views each day. The varied topography offers a dynamic landscape, allowing one to explore various eco-tourism based development opportunities. The Mahaut River meanders through the estate from east to west, enhancing the property's natural beauty. Portions of the land provide breathtaking views of the Caribbean Sea, making it a prime location for high-end development. Dating back to the 1700s, the Mahaut Estate boasts historical ruins and derelict structures, adding a unique charm to the property. The diverse vegetation includes many mature fruit trees as well as bamboo and mangrove areas, contributing to the estate's rich natural environment.

Included with the property is a 6.92-acre portion of the King's Chain under an Emphyteutic Lease. This 50-year lease commenced on March 20, 2008, leaving approximately 33.92 years remaining. The annual rent for the King's Chain lease is EC $49,000 / US $18,148 (excluding VAT), with rent reviews conducted every 5 years, ensuring a stable and manageable investment.

Development Potential: This property's highest and best use is for tourism-related development, aligning with its previous planning approval for a luxury resort on 150 acres . The inclusion of sandy beach frontage along the King's Chain enhances its appeal, making it ideal for a high-end hotel, spa, wellness center, and private villas.

The property is accessible via multiple road reserves, with the primary access road on the northern side in fair condition. This ensures easy access for development and visitors. Public transportation is conveniently available on the main road, just 1.3 kilometers away. The nearby town of Soufriere, located 3.8 kilometers from the property, offers schools, shopping, and banking facilities, providing essential amenities close by.

Price per square foot is US $1.47 / EC $4 PSF.