COMMERCIAL PROPERTIES AND LAND FOR SALE
This beautiful property is a solid construction built in a modern colonial style has an elevated location in the Mount Irvine/Grafton area. A tropical garden surrounds the lower terraces and there are stunning uninterrupted views of the Caribbean ocean from the terraces and balconies on the upper floors.
Restaurant on two levels to seat 55/60 diners. Bar. Outside barbecue area. Kitchen facilities.
Large apartment having large living room, kitchen, private sun terrace and 2 double air conditioned bedrooms (en suite bathrooms)
Staff changing room with shower, laundry and bar stockroom
4 double air
conditioned letting bedrooms (en suite bathrooms) with terrace and ocean
Family suite of 2 double air conditioned bedrooms and bathroom.
Private sun terrace.
Additionally at this level is a sun terrace with spa plunge pool.
The property is on a corner site, with grounds falling towards Grafton bay which affords beautiful views. This is the most sought after location on the Island. A plan is available showing the extent of the boundaries, and also the proposed development alongside the existing hotel which would be on three storeys, with swimming pool and car parking. An application was made and planning permission granted based on the plans. However an appeal was lodged shortly afterwards to increase the number of apartments and this appeal has been successful. The planning permission granted makes the development eligible for the Tax Breaks described earlier.
There are several possibilities open to the development of the property.
Option 1 would be to build an extension of the existing hotel which would bring the accommodation capacity to the levels where the investment tax breaks apply.
Option 2 would be to create an Apartment/Hotel
would be to develop an apartment complex for rent or sale
Freehold property including all furniture and trade fixtures
A sale of the company shares is desired.
Viewing strictly by appointment only
Abraham Tobago Realty
Homes & Land Sales / Villa Rentals / Commercial Opportunities / Property Management
Tel: (868) 639-3325 Web: www.AbrahamRealty.com
E-mail (Real Estate and General Enquiries): email@example.com
E-mail (Villa Rentals): rentals@AbrahamRealty.com