Oceancrest Income Estate

Oceancrest Yield Estate presents a rare opportunity to acquire a substantial three-level oceanfront apartment building requiring renovation, ideally positioned along the scenic Old Farm Road coastal corridor overlooking the desirable Westerhall peninsula.

Set on an elevated hillside capturing uninterrupted Atlantic Ocean views and constant cooling trade winds, the property enjoys direct access via a pathway leading to a secluded black sand beach — a unique natural feature that enhances the long-term lifestyle appeal and investment potential of the estate.

The building is configured across three levels and comprises a total of six self-contained apartments, offering immediate scale for investors seeking a value-add multi-family redevelopment project.

The basement level includes two two-bedroom apartments, which can be refurbished and repositioned for long-term rental accommodation or short-term vacation use.

The ground floor features two spacious three-bedroom, two-bathroom apartments, offering generous internal living areas and verandah spaces designed to capture ocean views and natural ventilation. Once upgraded, these units have strong potential to achieve premium rental income or serve as comfortable owner-occupied residences.

The top floor accommodates two additional two-bedroom apartments, elevated to benefit from expansive coastal views and outdoor verandah areas that enhance the property’s appeal for vacation rental conversion.

The property is being offered as a fixer-upper and will require modernization, structural assessment, and finishing works. However, its large building footprint, oceanfront positioning, and generous land area create an exceptional opportunity to transform the estate into a high-performing income property, boutique rental complex, or coastal redevelopment project.

There is also further potential to develop additional cottages or expand the existing apartment configuration, allowing investors to scale rental yield over time.

Strategically located near the upcoming Polaris medical development and within reasonable proximity to planned hotel and tourism projects, Oceancrest Yield Estate is well positioned to benefit from increasing housing demand from medical professionals, hospitality workers, and the expanding short-term rental market.

This property represents a compelling acquisition for developers, investors, or diaspora buyers seeking a large oceanfront renovation project with strong upside potential and long-term capital appreciation in one of Grenada’s evolving coastal investment corridors.