This Villa is a good investment and priced to sell, it is located in a pleasant residential neighborhood South of Castries. This Morne Villa is on a hilltop location and has an excellent view of the Castries harbor and beyond. Night time views are as equally stunning as daytime.
The property consists of an over 7,000 sq. ft. Main Villa, which also two separate access apartments (a one bedroom and a two bedroom) and the option to also create two rentable studio apartments (one in the present garage and one on the top floor of the villa, plus there are two, two-bedroom cottages in the grounds.
The Villa is on a local bus route.
Rentals are presently long-term rentals, unfurnished. Present rental income could be increased significantly by some cosmetic upgrades and offering furnished units for either long term or vacation rentals. As there is no pool presently, the two-bedroom detached cottages, if furnished attractively, would rent easily at $70 to $85 usd a night to travelers looking for more economically priced accommodation in St Lucia.
Based on a very conservative 65% occupancy the income from the two cottages would be approximately $38,000 usd per annum ($102,000 ecd)
The two apartments which are part of the Villa could realize a similar additional income if organized as tourist rentals.
Plus, with the creation of the two studio apartments, this income could be increased above the $78,000 usd conservative income suggested above.
There is space to install a pool if any new owner wished to do this, which could also increase the nightly rental achievable.
The Villa was built approximately 25 years ago. It is set on 18,266 square feet of land.
The main Villa is built partly in stone, it has tiled floors and has high ceilings.
The main lounge is a sunken lounge and a pleasant seating area.
There is a separate dining area, with a bar.
The kitchen is spacious, and also has two separate pantry/ storage areas and a separate laundry room.
The ground floor of the Villa has two double bedrooms with a shared bathroom
On the first floor there is a large Master bedroom, with a spacious walk in closet and a bathroom with a jacuzzi tub.
There is also an additional lounge/ TV area on the first floor,
There is a additional smaller bedroom on the first floor which could be included in the creation of the studio type apartment which would also have access to a very usable second floor bedroom space.
This Morne Fortune property is presently a development of FIVE separate Residences in one location . This comprises 1 main Villa,-approximately 6900 square feet, 2 cottages and 2 apartments .
The main house has 6 bedrooms and 5 bathrooms and is 6,900 sq. ft.
Cottage No 1 is 1,200 sq. ft. with 2 bedrooms and 1 bath, carport and laundry room.
Cottage No 2 is 1,000 sq. ft. with 2 bedrooms and I bath
Apartment 1 is above the 2 car garage and has 2 bedroom and 1 bath and separate laundry area
Apartment 2 studio is a 1.5 bedroom and 1 shower.
The main Villa has a two car garage, underground water tanks and multiple overhead tanks, The property is fenced and gated with easy road access to Castries.