Simpson Bay Fixer-Upper 20 Bedroom Hotel Near Airport For Sale

$2,000,000

20 b

BEDROOMS

20 b

BATHS

b

Simpson Bay

Property ID:

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Simpson Bay Fixer-Upper Property Near Airport

Investment Opportunity! Fixer Upper “Airport Inn / Hotel” + Business License

Potential for a twenty-room hotel in prime vicinity of Airport in the most popular tourist location; Simpson Bay.

  • Land size: 1048 sq m
  • Building size: 920 sq m

Fixer-Upper: The property’s roof has been damaged by a hurricane three years ago but the structure is made of very strong material (I-Beam) and can effortlessly rebuild over 20 rooms OR ten rooms and commercial spaces.

Simpson Bay Investment Property

Investment Opportunity! Fixer-upper, potential Hotel / Bed & Breakfast or other investment. Price $2,000,000.00 includes business licence for Inn/Hotel/Bed & Breakfast.

Before damage to the property, the rooms were in the form of suites with separate sitting areas and bedrooms. and all having a kitchenette and bathroom, together with a small reception office. While the ground floor of the main building was another business venue including a bar, kitchen, bathroom, and storage.

Attached at the rear of the building was an owner’s apartment on two floors with living, dining and kitchen, three bedrooms and two bathrooms.

At the side of the building, there was a covered lounge area, bar, swimming pool, and terrace.

Investment Gains Potential:

Calculated in US dollars, based on rebuild cost of $ 500,000.

  • Purchase price: $ 2,000,000
  • Approximate reconstruction cost (based on study conducted by owner): $240,000 – $500,000
  • Previous income from rent: $ 25,000 net per month

Simpson Bay Hotel For Sale

  • Land size: 1048 sq m
  • Building size: 920 sq m
  • Title: Government long lease
  • Infrastructure: Electricity, Telephone, Paved Roads, Water, Cable TV
  • Site: Flat, Lagoon view
  • Commercial
  • Fixer upper

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  • 0% Capital Gains Tax.
  • 4% Property Transfer Tax and approximately 1.5% Notary fees.
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Transfer Tax

4%

Property Tax

0%

Capital Gains Tax

0%

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3

Ritika Nanwani

Owner / Head Broker

+ 1-721-526-1819 ritika@c21sxm.com

Ritika Nanwani will call you as soon as possible

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