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Vickitini Beach Resort
Westmoreland, Negril
$100,000 per slot
Westmoreland, Negril, Jamaica
A mature real estate market with favourable returns.
Average occupancy 90%
Mature real estate where demand never sleeps, with favorable returns.
Projected annual yield 11%
3.5% from capital appreciation and 7.5% from average rental income.
Investment duration
Recommended standard 5 - 10 years
Property Overview
Vickitini beach resort is a turnkey 20 rooms boutique hotel situated on one acre of prime beachfront land on the seven mile beach in Negril... one of the most popular tourist destination in Jamaica. The three building, two story property does not reveal itself immediately from the main road, in fact, looking over the unassuming low entrance wall, all you'll see is a portion of one building in a lush tropical garden. Inside, the rooms are complimented and service by an administrative office, restaurant, cocktail bar, resort style swimming pool, laundry and 24 hour security. The rooms are standard and junior suites with a loft and AC, furnishing, equipment and fixtures.
Financial Details
Total Property Value
$4,000,000
Price Per Slot
$100,000
Aquisition & Legal Fees (3%)
$120,000
Total Cost Per Slot (incl. fees)
$103,000
Projected Returns
Projected Gross Rent
$300,000 (7.5% of value)
Management fees (7%)
$21,000
Operating/Service Expenses (15%)
$45,000
Projected Net Income
$234,000
Net ROI Per Slot (on $100,000)
11% annually
Additional Details
- Bedroom
- 20
- Bathroom
- 22
- Area
- Int -
Ext - Lot Size: 43,560
Location
Westmoreland Negril Jamaica