Speightstown

Properties in assemblage located beach front in Speightstown, is a superb prime commercial site of in excess 1/2 acre (including over 2000 of beach land) situated in the heart on the beach of this historical town on the West Coast of Barbados. Attached Plans have been prepared with a view of creating 22 hotel rooms with retail and catering facilities. These plans, can be modified or improved upon. The proposed plans, if carried out, would create 25,000 sq. ft. of commercial space and would consist of: Beach Bar/Restaurant with first class beach facilities Pub/Garden Restaurant in main building with major world class cuisine Alternatively, the property could be preserved as a private residence. The purpose of this prime site is to create a world class major attraction in the middle of Speightstown, that will surely revitalise the town and expand tourism figures and day visitors to assist in attracting other tenants. The proposed building will consist of a beach bar, bar and restaurant with first class beach facilities, a pub/garden restaurant with a major world class kitchen, an Inn – “The Speightstown Inn” – with 50 quality rooms all air-conditioned and each room with an en suite bathroom. Also a retail store that will surely attract tourism and generate local employment. Located in the heart of the Speightstown hence known as “Little Bristol”Speightstown. which serves as the virtual Northern “Capital’ of Barbados, is located on the west coast, which boasts of the loveliest beaches, luxury hotels and private properties. Many shops and restaurants, along with a banking facility and pharmacy for your convenience, surround’s the property.

On a magnificent beach Type: Commercial Style: 3 Story Bedrooms: 22 Development Level: Built Lot Type: Rectangular Lot Size: 24000 sq. ft. Suite: Potential

Highlights Ground Floor The property may have had at one time the following shoe shop 1142 sq ft Pharmacy 1940 sq ft Juice Bar 250 sq ft Garden Warehouse 904 sq ft Garden Warehouse 2 682 sq First Floor (inc Veranda) 2096 sq ft Second Floor 2096 sq ft Garden Passage 6000 sq ft Beach Lot (90 x 35 sq ft) 3150 sq ft The planning approval is for approx. 25,000 sq ft Town is part of special development area* Key features of act: Approved project will be exempt from: * Import duties, consumption tax, stamp duty, VAT on construction, renovation * Capital expenditure deductible at 20% per year * Charges on reparation of interest and capital for 10 years * Land tax on improved value of the land * Property transfer tax * Supplement to official Gazette dated 4th November 1996 Special Development Areas Act, 1996 – 21 Beach access is an asset Center of city activity