Abraham Tobago Realty Home for Sale

This beautiful property is a solid construction built in a modern colonial style has an elevated location in the Mount Irvine/Grafton area. A tropical garden surrounds the lower terraces and there are stunning uninterrupted views of the Caribbean ocean from the terraces and balconies on the upper floors.

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