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Blue Skies Beach Resort
Westmoreland, Negril
$95,000 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
One of Negril’s finest boutique hotel located on 7 mile beach. The newly renovated Blue Skies Beach Resort has 16 suites with approvals in hand to add 7 more suites including an 2 bedroom villa, spa, office, exercise room and pool. Blue Skies sits on the beautiful famous 7 mile beach has restaurant and 3 bars including a beachfront bar. High end finishes. Excellent income earner. Turnkey operation.
Financial Details
Total Property Value
$3,800,000
Price Per Slot
$95,000
Aquisition & Legal Fees (3%)
$114,000
Total Cost Per Slot (incl. fees)
$97,850
Projected Returns
Projected Gross Rent
$285,000 (7.5% of value)
Management fees (7%)
$19,950
Operating/Service Expenses (15%)
$42,750
Projected Net Income
$222,300
Net ROI Per Slot (on $95,000)
11% annually
Additional Details
- Bedroom
- 16
- Bathroom
- 19
- Area
- Int -
Ext - Lot Size: 27000
Location
Westmoreland Negril Jamaica