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Property at Diane Bay formally known as Mango Bay

Diane Bay

Starting Bid: $ 9,700,000 XCD
Status: Available
Auction Location: On Site
Beds: 52
Baths: 52
Land Size: 113256 sq ft

The Auction will be held on Thursday 25th May, 2017 at 1:00 pm on site. This Prime Beachfront Property is located on Diane Bay (formally known as "Mango Bay Spa Resort') which is located on the eastern coast of the island. The property is situated on a hillside surrounded by palm trees overlooking Dian Bay and Verandah Resort. The white sand beach with its pristine ocean can be accessed directly from the property. Also, Lovers Beach can be accessed by a 2 minute water taxi ride across Diane Bay or alternatively, Long Bay Beach which is within a 10 minute walk from this property. It is located approximately 0.5 miles North of Verandah Resort and Spa, 11 miles from St. John's and 10 miles from V.C. Bird International Airport. This property comprises of 8 parcels of land totalling an approximate area of 2.6Acres/113,256.sq.ft, with Eight (8) structures located thereon, all of which require repairs:  Building #1: 12 x 1 Bedroom & 1 Bathroom units on the lower level and 12 x 1 Bedroom & 1 Bathroom units on the upper level; Building #2: 6 x 1 Bedroom & 1 Bathroom units, with a Master Bedroom with Ensuite Bathroom and Kitchenette on the lower level and 8 x 1 Bedroom &1Bathroom units on the upper level;  Building #3: 2 x 1 Bedroom & 1 Bathroom units on the lover level and 2 x 1 Bedroom & 1 Bathroom units on the upper level;  Building #4: 2 x 1 Bedroom & 1 Bathroom units on the lower level and 2 x 1 Bedroom & 1 Bathroom units on the upper level; Building #5: 2 x 1 Bedroom & 1 Bathroom units on the lower level and 2 x 1 Bedroom & 1 Bathroom units on the upper level; Building #6: Cottage: 1 x 2 Bedrooms & 1 Bathroom, Living, Dining, Kitchenette & Deck; Building #7 Restaurant: Kitchen, Bar, Dining Areas & Washrooms; Building #8 Reception & Administration Building: Reception area, open & closed Offices, and Washrooms; The property also accommodates 3 Swimming Pools totalling approximately 67,068 gallons and 2 Cisterns totalling 36,250 gallons;