The unspoiled
white-sanded Grafton beach lies just below the property a few minutes
walk away. Nestling between the 5 star Grand Courlan and Mount Irvine
Hotels and just above the well known Plantation Villas, the property is
within easy walking distance of some of the best restaurants in Tobago
and a short drive from many others. The championship 18 hole Mount
Irvine golf course is also about 5 minutes away. Scarborough, the main
town on Tobago is about 15 minutes drive as is the main airport.
ACCOMMODATION
Ground Floor
Restaurant on two
levels to seat 55/60 diners. Bar. Outside barbecue area. Kitchen
facilities.
First Floor
Large apartment
having large living room, kitchen, private sun terrace and 2 double air
conditioned bedrooms (en suite bathrooms)
Staff changing room
with shower, laundry and bar stockroom
Second Floor
4 double air
conditioned letting bedrooms (en suite bathrooms) with terrace and ocean
views
Family suite of 2 double air conditioned bedrooms and bathroom.
Private sun terrace.
Additionally at this level is a sun terrace with spa plunge pool.
DEVELOPMENT
POTENTIAL
The property is
on a corner site, with grounds falling towards Grafton bay which
affords beautiful views. This is the most sought after location on
the Island. A plan is available showing the extent of the
boundaries, and also the proposed development alongside the existing
hotel which would be on three storeys, with swimming pool and car
parking. An application was made and planning permission granted
based on the plans. However an appeal was lodged shortly afterwards
to increase the number of apartments and this appeal has been
successful. The planning permission granted makes the development
eligible for the Tax Breaks described earlier.
There are several
possibilities open to the development of the property.
 |
Option 1
would be to build an extension of the existing hotel which would
bring the accommodation capacity to the levels where the
investment tax breaks apply. |
|
|
Option 2
would be to create an Apartment/Hotel |
|
|
Option 3
would be to develop an apartment complex for rent or sale
|
Freehold property including all
furniture and trade fixtures
PRICE:
US$2,200,000 REDUCED
A sale of the company shares is
desired.
Viewing
strictly by appointment only
