Wata Land park up for sale
Adventure park Wata Land Limited, along with its assets, is up for sale for US$2 million, or about $312 million in Jamaican currency. The property spanning 40 acres, half of which is used for the water park, has been on the market for roughly a...
Adventure park Wata Land Limited, along with its assets, is up for sale for US$2 million, or about $312 million in Jamaican currency.
The property spanning 40 acres, half of which is used for the water park, has been on the market for roughly a month and talks are advancing with a potential buyer, the Financial Gleaner understands.
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 river, hills for hiking, a mini go-kart track and picnic areas.
Sotheby’s Realty Jamaica realtor Trecia Panton, who is listed as the primary agent on the property, declined to comment on the listing.
Wata Land is also listed on international real estate website Sellanybusiness.com, which pitches the property as an opportunity for investors looking to develop an eco-resort.
“Lots of room for expansion ... including opportunities to build a camping hotel,” it said, while noting the park can make between US$500,000 and US$1 million in revenues annually, with cashflow of US$100,000 to US$250,000.
Wata Land first opened in 2014, and within a year had become a popular entertainment spot for locals. Prior to the construction of the water park, the property, then known as Rivva Riddim, was used as a getaway for company director and shareholder Gobind Dansinghani and his friends.
Shortly after its opening to the public, Wata Land was sued by the National Environment & Planning Agency for operating as an ecotourism facility without an environmental permit.
Up to March 2020, Wata Land was being operated under a lease arrangement, but sources within the community said the facility was temporarily closed following the outbreak of COVID-19. Jamaica’s tourism sector was the heaviest impacted by the pandemic, and to date, many tours and attractions are still operating below capacity.
The Sellanybusiness listing says the property is up for sale because its owner migrated to Canada. Companies Office of Jamaica records name Bindu Dansinghani and Gobind Dansinghani as shareholders.