Condominium · For sale · 130,000 HKD · 2 bedrooms
Cotton Bay Village is not a hotel and not your traditional resort. It is a cross between a private villa self-catering holiday and resort destination. The Village is located on the northeast coast of St Lucia. You are minutes from the hustle of Rodney Bay and seconds from the St Lucia Golf Club. The resort is right on the beach with two fabulous restaurants on the property.
This apartment is nestled just 10 steps away from the resort swimming pool, offering spacious accommodation including two bedrooms and two and a half baths, dining room as well as a luxury fitted kitchen. Just imagine yourself relaxing near the pool in the privacy and comfort of this very stylish apartment and neighboring surroundings. This apartment is offered fully furnished for your convenience and has a history of great rental income!
The apartment has a monthly maintenance fee of USD 793 per month. The condo dues cover all expenditure on common property and services which include:
- Main swimming pool, pump room, and pumps
- Sewage system
- Water distribution system
- Electrical distribution system
- Pest and termite treatment of all common areas
- Payment to Wasco for water consumption
- Payment to Lucelec for electricity consumption (individual owners should pay the condo for consumption in their own units)
- Beach cleaning
- Maintaining vegetation
- Maintenance of all drives and walkways
- Maintenance of stairs and railings leading to upper floors of apartment blocks
- External painting of all buildings
Note: Roof repairs on apartment buildings is also covered by Condo fees.
However we believe this property offer a great investment possibility as it can be rented out to visitors as a means of income for the owner. Below is an estimate of what a possible rental income can entail.
Properties likely income vale (200 us per night)
November- June peak tourism season at 60 percent occupancy.
242 days × 60% = 145 days
145 days × $200 per night = $29 000.00
July - October low tourism season at 25 percent occupancy
123 days × 25% = 31 days
31 days × $200 per night = $6 200.00
Total possible income for the year = $29 000.00 + $6 200.00 = $35 200.00 us
