Wata Land price drops 3 years after being on the market
Adventure park Wata Land Limited is being sold at a discounted price three years after being on the market.
The 40-acre property, along with its assets, is currently being sold for US$1.6 million or little over $248 million. That’s a discount of US$400,000 on the price when it was listed on the market December 2021.
Located in White River Valley, St Mary, Wata Land’s assets include multi-lane slides, floating obstacle course, a special Olympic-size swimming pool, kid’s play and splash area, jitney rides, and three restaurants. The land offers a large kayaking lake, hills for hiking, a mini go-kart track, and picnic areas.
The property is being pitched as ideal for the development of an ecotourism destination.
Wata Land is in close proximity to the resort town of Ocho Rios and minutes away from popular beaches such as Bamboo and James Bond Beach.
Wata Land made its debut in 2014 and quickly gained popularity among locals as an entertainment destination. The property was being operated by Dancorp Limited.
But a few years after operating, Wata Land faced legal action from the National Environment and Planning Agency. The agency sued Wata Land for operating as an ecotourism facility without the necessary environmental permit.
Up to March 2020, before the outbreak of COVID-19, Wata Land was being operated under a lease arrangement. The facility has since been closed.