COU_005 | Anse Ferre | 2.66 Acre Caribbean Beachfront Property

Just a few minutes drive south of Castries, Saint Lucia, this stunningly picturesque coastal property consists of approximately five (2.66) acres, part of which is located on the cliff edge at Coubaril overlooking the Caribbean Sea.

With easy access from the Millennium Highway - a main artery from north to south of the island - the flat to gently-sloping land has excellent potential for a touristic or high-end residential development, as it borders part of the beach known as Anse Ferre or 'Ferre Bay'. The bay boasts one of Saint Lucia's only natural coastal arches, and is a popular spot for cliff-jumping and fishing.

The Anse Ferre property consists of two parcels of land, approximate areas as follows:

• Freehold: 2.66 acres
• Queen's Chain: 0.60 acres

*About Queen's Chain in Saint Lucia

 'Queen's Chain' is considered to be the approximately 100 feet between shoreline and land. The term originated in the 17th Century when French laws governed the island, and continued when Saint Lucia became a British colony. Property developers can lease the Queen's Chain by applying for Cabinet approval once they have bought or are in possession of a property, or based on an Agreement of Sale. 

Saint Lucia Citizenship by Investment Programme (CIP) 

The Cabinet of Ministers will consider real estate projects to be included on the approved list for the Citizenship by Investment Programme. Approved real estate projects fall into two broad categories:

1. High-end branded hotels and resorts
2. High-end boutique properties

Once approved, the real estate project becomes available for qualifying investments from applicants for citizenship by investment. The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investments, equaling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in Saint Lucia. [Excerpt from www.CIPsaintlucia.com]