G.T. Yacht Club & Development Site George Town Retail US$31,500,000 Download brochure
570636
Square feet
2012
Year Built
13.10
Acreage
410738
MLS#
Water Front
Views
Commercial
Zone

Description

Tremendous opportunity to leverage the vast amount of established infrastructure through further development of condominiums, retail, and residential and increased business operations. In conjunction with further development, substantially increased revenues could be realized from the yacht club and marina operations, retail rentals, and residential/tourist rental income. 1,450 linear feet of dock/mooring space can be leased. Planning approval is in place for development of 54 Seafront condominiums with 126 bedrooms at a highly profitable return on sales. At maximum capacity, this could potentially be increased to 217 condominiums and 365 bedrooms. Additional commercial site can accommodate around 28,500 sq. ft. of mixed use development, directly fronting the airport corridor road. This road will soon join directly to Seven Mile Beach, providing much more exposure, visibility, and traffic. With additional investment and some diversification, this property can be developed and further improved to provide highly lucrative ongoing returns.

Additional Features

    General

  • Furnished: Yes
  • Hurricane Shutters
  • Storm Windows
  • Generator
  • Security

    Outdoor

  • Garage: w
  • Porch:

    Additional cost

  • Operating cost:
    • Montly cost: 0
Kim Lund Broker / Owner +1 (345) 949 9772

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