Phone: (246) 432-0221 Mobile: (246) 823-7653 Fax: (246) 432-6021 Email Elegant

Speightstown Speightstown ( St. Peter, BB - BB24024) Built

$2,475,000 USD
Value for dollar

Elegant Properties Realty

Elegant Properties Elegant Properties (246) 432-0221 (Office) 0(800) 048-8996 (Office) (246) 823-7653 (Cell) (246) 432-6021 (Fax) Request More Info

  • The Old Pharmacy
  • Type: Commercial
  • Style: 3 Story
  • Size: 25,000 sq. ft.
  • Lot Type: Rectangular
  • Lot Size: 18260 sq. ft.
  • Suite: Potential
  • Year Built: 1930

Description

The Old Pharmacy, located in Speightstown, is a superb prime commercial site of approximately 18,000 sq. ft. (including 3,150 sq. ft. of beach land) situated in the heart of this historical town on the West Coast of Barbados.

Plans have been prepared with a view of creating a 19 room inn with retail and catering facilities. These plans, which expired in December 2005, can be renewed and, of course, can be changed or improved upon subject to planning consent. 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 kitchen
An Inn “The Speightstown Inn” - with 19 rooms, all air-conditioned with en suite bathrooms
A retail store that would attract tourism and generate local employment.

Alternatively, the property could be preserved as a private residence.

The objections 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 19 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" directly in front of the beach. 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 Old Pharmacy.

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

Features

Interior Features

  • Hardwood Floors
  • Vaulted Ceiling

Exterior Finish

  • Stone

Roof

  • Metal

View

  • Ocean View
  • Water View

Lot Features

  • Corner Lot
  • Garden Area
  • Lawn
  • Patio
  • Trees / Shrubs

Extra Features

  • Balcony
  • Cable Available
  • High Speed Internet Available
P2#3535853
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Information is deemed to be correct but not guaranteed.