Commercial Building For Sale
$2,100,000
Worthing Main Road
Bridgetown, Saint Michael, Barbados
26bd 28ba 43,560 sqft
Year Built: 0
Listed By: Nvest Estates
Listed On: 10/26/2023
Listing ID: GL11109546 View More Details
Description
Many tourists frequent Barbados and we have an amazing opportunity on this island for a smart Hotelier or Investor.We have just listed Palm Garden Hotel, a 23 room (19 rooms in the main hotel and 4 in the adjacent building) hotel ideally located in Worthing, Christ Church, Barbados just across the street from beautiful beaches.
* 2.1M USD is for the Main Hotel & Restaurant Property only
There is another property with a Smaller building next lot available for USD $900K. It has commercial space for retail on one side and the extra 4 hotel rooms are located on the other side.
* *Both properties are owned by same owner and the smaller building can be included in the sale as a package deal, Asking USD $3Million or closest offer.
The Hotel is about 10 minutes drive from the International Airport within the tourism belt.
This hotel features all self contained apartments with kitchens ranging from studios to superior apartments sleeping 4 persons. This is a budget and quarantine hotel which been doing well despite COVID.
* This fully turnkey Hotel operates daily and is in good condition.
* There is also room for development on the Lot.
* It recently boasts high occupancy levels since 2020(Quarantine hotel) and projections look healthy for 2022.
This property has a large swimming pool which is located next to the on site restaurant. The hotel is on the bus route and is within close proximity to Banks, supermarkets, duty-free retail and other amenities. Restaurants, Bars and Nightlife are also in walking distance. The property offers parking, telephone system, cable TV, Laundry, WiFi and other complimentary services to guarantee customers have an exceptional stay.
Investors will be purchasing a fully turnkey business with Operating company, Registered Hotel, Duty Free Concessions, future bookings. Ready for a smooth transition to the new owner.
NDA and Financials available upon request. Investors are welcome to contact us.
This is an *exclusive offer' listed with NVEST Estates.
Property ID: 9527
Price: USD$2,100,000
Property Size: 43560 Sq Ft
Land Area: 1 acre
Bedrooms: 26
Bathrooms: 28
Property Status: FOR SALE
Property ID: 9527
Price: USD$2,100,000
Property Size: 43560 Sq Ft
Land Area: 1 acre
Bedrooms: 26
Bathrooms: 28
Property Status: FOR SALE
