Newly built hotel with bar, restaurant, rooftop under cover planned for yoga studio but could be restaurant as well. Beachfront property with stunning views in San Pedro town, overlooking the barrier reef. Ideal for upmarket hostel or boutique hotel.
The property is owned outright with no loans, liens, cautions or anything, just clear title and ability to lease. A lease was originally sold but the lessee defaulted a number of months ago and now patience and leniency has expired therefore other options are being explored.
The lot size is 70x45 and this is also the footprint of the building of the 4 storey property creating a property with 11,925 ft of accommodation including 2700 rooftop patio with 2115 covered.
Property briefly incorporates ......
Bar/Restaurant with reception, kitchen, stores, ladies and gents toilets.
3 street side offices, 2 with toilet/kitchen each and third with laundry room intended for hotel.
18 hotel rooms all with own bathroom, electric for AC, wiring/cabling for TV, private entrance to each approx. size of each is 216ft
4th floor function suite/restaurant/fitness studio with own bathrooms, storage and views over reef, lagoon, town and north.
Each floor has dual staircases and separate electric to each floor. separate fusebox to each room. hot/cold showers throughout.
The building is almost completed. finished structurally apart from final roof, things still to do are connect electric to street, install hardwood floor over existing solid floor, tile showers/install bathroom fixtures, paint entire building. Probably in $125k usd region and 5/6 weeks work. Property owner is able to complete all construction and furnishing. New owner/lessor can specify all finishings.
Available a a long term lease or outright purchase including land and structure. Includes internationally experienced operator living in San Pedro to help finish/open/run the establishment (If required), including all licenses etc.
San Pedro is currently a highly sought after area with developers like Wyndham Resorts and others committing extensively to the island. Beachfront property is extremely hard to find.
Full details including a walkthrough video will be provided to serious investors only.
If you have the necessary capital and the dream of being part of the sunny caribbean please message me with your contact details.