Caribbean MLSReal Estate

14-Bedroom Condo Hotel for Sale, Lance aux Epines, Grenada

Available on request

Type
Condo
Land
77,500 ft²
Use
Hospitality
Lettable area
10,000 ft²
Year built
Available on request

What this listing includes

  • Beachfront
  • Ocean view
  • Terrace
  • Dock or mooring
  • Restaurant or bar
  • On-site security
  • Hotel-managed
  • Parking
The brief

The reason to consider it.

This established condo hotel is set along the waterfront in the prime mixed-use residential area of popular Lance aux Epines on the southern coast of Grenada. The property is set on 3.8 acres of sloping grounds with sea and sunset views and 500 feet of usable waterfront.

The property offers 10,000 square feet of accommodation in several structures designed to offer privacy from each other:

  • Six x 1 bedroom apartments (700 square feet each)
  • Two x 2 bedroom apartments (1100 square feet each)
  • One x single-family house (3,500 square feet)

In addition, there is a jetty with a gazebo on the property.

This condo hotel could continue to be operated as is, or could be used as a retirement community. It is also ideal for development under Grenada’s Citizenship by Investment program.

There is tremendous potential to develop the property, including an additional 400-foot beachfront property (available with no increase in price). The natural topography allows for easy subdivision and development with no deed restrictions and flexible land use permitted. There are also excellent opportunities for moorings/pontoons.

Lance aux Epines, Grenada: Situated in Lance aux Epines, this condo hotel is conveniently located within easy reach of the airport, yacht services (including chandlery), and other amenities.

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law