COMMERCIAL RESORT FOR SALEWednesday 18th July 2012
ASKING PRICE: US$ 7,000,000
Long Term Lease Opportunity
Fantastic development opportunity! The Beach House
, on tranquil, unspoiled Barbuda located in the heart of the Caribbean, boasts spectacular views across an almost endless stretch of beach streaked with pink sand.
The site once comprised a 22-room boutique hotel situated on 90 acres of stunning, secluded beach frontage on the southwest point of the island.
The resort occupies 10 acres of the property, with the remaining 80 acres available for development. That includes the development of up to 50 residential units and expansion of the core boutique hotel to 33 rooms and suites.
The buildings of the resort comprise an 8,750 sq ft club house and restaurant, a 1,225 sq ft. beach cottage with four guestrooms, staff cottages totalling 745 sq ft., 1,740 sq ft of back-of-the-house area, and a 360 sq. ft. generator room.
Though not in operational condition, the dream of this former 5 star resort can be recreated through development.
As hotel development continues to rise in the Caribbean, and the tourism industry is beginning to see a recovery from the recent financial crisis, NOW is the time more than ever to invest.
The 62 square-mile island of Barbuda is one of the most beautiful, exclusive places on earth and is located just 27 miles off the north coast of its sister island, Antigua. The island is easily accessible from Antigua by ferry or in less than 10 minutes from the V.C. Bird International Airport.
Click here for all News and Specials for Island Living Real Estate & Investment Services