For Sale - Fairy Valley Beachfront Development. Our team is pleased to offer for sale The Fairy Valley Project located at Paragon, Christ Church on the South Coast of Barbados. This exquisite parcel of land has been previously approved to have a 350 unit hotel/resort plus multiple villas spread across the 32 acres of prime beachfront land. The gradual slope of the 32 acres allows all units to have direct ocean views. A future resort has the option of seeking approval for slot machines which will be an added value to clients. The project owners are offering all 32-acres complete with architectural plans included in the pricing.
Most exciting are the tax credits available for the building and ongoing operation of the project. To entice developers, the government is offering a 20-25 year "tax holiday". That is, depending on the investment, the developers will have between 20 to 25 years to recuperate their expenses to build and run a resort or other development, before having to pay taxes.
Many other successful resorts are built on the island, most notably Sandals, which is a few miles away, as well as Hilton, Radisson, and the Marriot. What makes this project so valuable is its location on Long Beach and the Grantley Adams International Airport. On the southern coast of the island, this virgin land has a sheltered beach and is a favorite hotspot among surfers. It is also minutes away from St. Lawrence Gap, which is the center of nightlife and entertainment on the island.
For more information on this one of a kind invesment, contact our sales team at info@realtorslimited.com or +1-246-537-6930.
