Sold
Frenchman's Paradise and Frenchman's Look Out
Frenchman's Cay Tortola VG1110 British Virgin Islands
Listing ID: 84 | $2,795,000 | 8 bedrooms and 8 bathrooms | 2 acres of land or 87,120 Sq ft over 13,000 sq ft of built structures
A developer’s ambition can be seen all over this magnificent location. For years Frenchman’s Paradise and Frenchman’s look have sat on top of Frenchman’s Cay as king and queen of BVI Villa rentals and locations. When repaired, both Villas were a rental success being rented over 40 weeks per year at a combined rate of no less than $25k per week with high points of 16k and 35k respectively during high season.
The cost to repair both villas is well below the purchase price. Combined The properties were listed for over $10,000,000 when they were in full repair.
Serious buyers will receive repair estimates for the property and our team will be available to assist with any questions or research needed to make this purchase as comfortable as possible.
You only have three options really;
Buy, Repair and Flip,
Buy, Repair and Enjoy the consistent rental income
Buy, Develop and Enjoy 360 views on your new Caribbean Estate Property.
Either option double your wealth and they are all consistent with Buying!
We do not believe this property at this price will be around for long as it was just reduced from $3,500,000
