Searching for High Potential Businesses for Sale in Grenada?
Are you looking for businesses for sale in Grenada? Known as the “Island of Spice,” Grenada is a feast for the senses: An island renowned for its warm sunny weather, welcoming people and white sand beaches set against a backdrop of emerald green mountains. This alluring combination has made Grenada one of the most popular tourism destinations in the Caribbean. In 2017, for example, the Spice Isle welcomed a record 528,077 cruise, yachting and stayover arrivals. This surge which represented an increase of 12.9% on the previous year and the trend continued in 2019. The growing tourism sector therefore provides a range of exciting opportunities for investors. So, if you are considering buying property in Grenada and profiting from opportunities in the highly attractive tourism sector, here we showcase some of the best tourism businesses for sale in Grenada, from apartment buildings to tap into the rental market to hotels for sale in Grenada right on the beach.
Apartment Building for Sale – Grand Anse – US $495,000
As accommodation booking websites such as Airbnb have surged in popularity among travellers, apartment ownership has become a business in its own right. This building therefore offers the opportunity to own a business with great potential. The property comprises 3 separate apartments, each of which can be rented out separately either on the short-term or long-term rental market, offering multiple income streams. The building’s income-generating potential is enhanced by its superb location steps from the white sands of Grand Anse Beach which offers idyllic views from the units’ balconies and proximity to the island’s number one destination.
Beachfront Hotel for Sale – St Andrew’s – US $1,800,000
For many travellers visiting the Caribbean, the ideal accommodation is a small hotel right on a quiet beach. This hotel therefore offers the opportunity to own a business perfectly aligned with the preferences of today’s tourists. The property, which includes 2 large apartments, a restaurant, bar with kitchen, lounge and 2 offices, is perched on a peninsula surrounded by water on three sides with a beautiful sandy beach. The hotel therefore offers spectacular views and an ideal beachfront location. With plenty of surrounding land also available to purchase separately, the hotel could be significantly expanded to take full advantage of the setting.
Condo Hotel for Sale – Lance Aux Epines – US $6,000,000
This investment opportunity comprises 8 apartments, a waterfront home and a jetty set on 3.8 acres of grounds with 400 feet of beach frontage in Lance aux Epines, one of the most desirable areas in Grenada. The beachfront location, beautiful views and large size of the parcel offers multiple potential uses. Currently operated as a condo hotel, the property could continue to be operated as a tourism business or could be converted into a retirement home which is another growing sector. Alternatively, the hotel could be further developed under Grenada’s Citizenship by Investment Program. There is plenty of vacant land to expand the property or subdivide, as well as excellent opportunities for moorings / pontoons.
Luxury Beachfront Hotel for Sale – Lance aux Epines – US $16,000,000
Searching for businesses for sale in Grenada targeted at the top end of the tourism market? This luxury hotel could be ideal. The property is set on 5 acres of grounds with a 450 foot white sand beach. It includes several structures housing the guest suites, amenities such as a large guest lounge and gym, an apartment and villa set into the gradually sloping grounds. The buildings are designed in an organic style which compliments the pristine surroundings. With an 85 foot infinity swimming pool with Jacuzzi and swim up bar, a 180 foot deep water dock and a helipad, this is a ready-made business perfect for Grenada’s most discerning visitors.
Finding the Perfect Business for Sale in Grenada
So, whether you’re looking for a boutique hotel steps from a sandy beach or an apartment complex offering views of the sea, there are plenty of commercial property investment opportunities to consider from across idyllic Grenada.
For details on all these businesses plus many others, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.