Young Island Resort
Under Contract
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Islands at Young Island, St. Vincent
| Price (US$): | $10,000,000 |
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| Land Size: | 12.66 acres |
| Location: | Young Island, St. Vincent |
| Country: | St. Vincent |
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Overview
This unique island resort is located just 200 yards off the southern shores of St. Vincent. Established over 30 years ago, it has been operating as a successful luxury retreat, with over 50% of repeat customers. It is a perfect place to escape the hustle and bustle of St. Vincent, yet keeps visitors satisfied with the many activities available on the island. The island itself has a beautiful white sandy beach to the North with many little paths and roads throughout; these lead from the lush vegetation to cottages or various lookout points.
The accommodation consists of 30 Guest Cottages with sea views, open-air garden showers, and private patios. All rooms have patios and have en-suite bathrooms that feature open air showers. Some of the larger rooms have two bedrooms, a separate sitting area, and their own private plunge pools (one even having its own infinity pool).
There are two bars on Young Island, one floating near the beach and the other located near the main dining and restaurant area. Other amenities include a tennis court, spa, a dock for boats, various office and storage areas, gazebos and outdoor sitting and dining areas, and a fabulous pool set within the beautiful gardens. There are also large water tanks that provide the resort with sufficient water.
Legend has it that 150 years ago the Carib Chief Chatoyer traded the island for a stallion owned by the then British Administrator, Governor Young, hence the origin of the island's name. Young Island was eventually developed into a luxury resort some 48 years ago by John Houser of the Hilton Group. The resort has been in the same ownership for thirty five years, and a new owner or partner is now being sought.
Lease Details
The lease expires in 2063 and there are provisions to renew for another 40 years from the expiration if the lessee makes a written request at any time before the first day of May 2053. This allows the potential of 83 years in total, with the possibility of even longer (subject to negotiations with the government).
Additional Notes
A detailed inventory list and financials can be provided at a later stage. A backup check is required for all clients interested. Furthermore, the agent takes no responsibility to the accuracy of this information which was received by the owners and is to be used as a general guideline only.
