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

Source: The World Property Journal

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