Boutique beachfront hotel for sale in Grenada set on a peninsula near the village of Crochu, St Andrew’s surrounded by ocean on three sides.
St Andrew’s, Grenada – Hotel for Sale
This hotel for sale in Grenada is located near the small village of Crochu in the Parish of St Andrew’s close to the the town of Grenville on the island’s southeastern coast.
The hotel is set on a peninsula surrounded by water on three sides with a beautiful sandy beach.
The offering comprises a 1.14 acre site with a main guest house offering beach and ocean views and direct beach access.
Additional hotel features and facilities include 2 large apartments, a restaurant, bar with kitchen, lounge and 2 offices.
Additional Land Also Available
In addition to the 1.14 acre hotel site, the current owner also owns an additional 3.06 acres of land adjacent to the hotel site.
The 3.06 acres has been subdivided into several lots.
One of these lots includes an existing property – a 2 story house with a large flat (about 100 square meters) with 2 bedrooms overlooking the ocean.
The entire 4.2 acre parcel (combining the 1.14 acre hotel site plus the 3.06 acres of additional with 2 story house) is available to purchase for a total of US $2.8 million.
Villa Rental Management Contracts
In addition, the current hotel owner also manages an additional villa set on a lot which was formerly part of the property.
While this lot is not included in the offering, the current owner has a contract with the villa owner to maintain and oversee the marketing of the villa on the rental market in exchange for a split of rental revenue.
The new owner would have the option to continue the management contract.
Hotel or Luxury Private Estate
This represents a wonderful opportunity to acquire a boutique hotel offering outstanding views, a wonderful beachfront location and tremendous potential.
The current owner established a Grenadian company to operate the business which possesses all required licenses and can apply for work permits as an when required.
Alternatively, the property would make an idyllic private waterfront estate.
A Snapshot of Grenada
Top 3 Reasons to Invest in Grenada
- Emerging property market with prices for real estate currently lower than other more developed Caribbean destinations.
- Wide variety of property investment opportunities catering to a spectrum of tastes and requirements from newly built apartments to sprawling historical plantation homes.
- Real estate market expected to receive a boost from Grenada's recently introduced Citizenship by Investment Program, the flourishing tourism sector which grew by 18.4% in 2014 and the announcement of several new luxury hotels.