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Development Potential
Development potential exists on many levels.
From a modernization, expansion or replacement of the existing Mango Beach Inn villa (Level 1) through the development of the contiguous land parcel 353 as a small boutique hotel, apartment or villa complex (Level 2) to a broader development of the north side of the bay by acquiring additional contiguous undeveloped land - of which up to 100 acres is available for sale (Level 3).
Level 1: Parcel 0443B 25: This 0.4 acre site can generally be redeveloped without major planning issues, if contained within the footprints of the existing buildings. The existing Villa could be upgraded or replaced with a modern structure. Similarly the docks can be re-arranged to fit in with any boat mooring plan or, alternatively, extended to provide a small marina, subject to planning consents.
Level 2: Parcel 0443b 353: This 0.7 acre undeveloped Freehold (Fee Simple) Parcel is zoned “Residential/Touristic”. The present owners secured Planning Approval in Principle in 2011 for the “Residences at Marigot Bay”, 12 large, luxury apartments, but did not proceed due to unfavourable economic and financial conditions. The Approval has lapsed but could be reactivated for a broadly similar development scheme - or replaced with an alternative development plan.
The property rises to 40 meters above sea level providing stunning, unobstructed views over the bay from all levels.
The average 20° slope is ideal for a run of overlapping structures, minimizing the “cut and fill” requirements as illustrated by the following cross-section. This building design layout results in a very efficient use of space, maximizing indoor space whilst leaving extensive green areas to maintain the natural character of the location - as illustrated in the Artist‘s rendering set out above.
Level 3: Additional Lands: Three Landowners own the remainder of the near 100 undeveloped acres on the north side of the Inner Bay - and all are committed sellers. A major reason for the lack of development to date is that the remaining properties are all constrained by a continuous and protected mangrove fringe around the water’s edge which restricts access. The only break in this mangrove is the waterfront at Parcel 0443b 25 - the Mango Beach Inn property.
This effectively provides the owner of Parcel 25 with a range of opportunities to use the land as the core element of a larger development, perhaps initially covering the surrounding 10-12 acres, west to the beach and east to capture the same slope - and ultimately spreading eastwards to cover much of the north side of the bay and connect to the local road network. The Seller is in regular contact with the other landowners and has a mandate to represent their sale objectives.
