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37 Room Hotel For Sale in St. Lucia – USD$ 450K

Masad Gros Islet
USD$450,000.00
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Description

Ocean View Hotel NEW PRICE! Reduced by over 50%! A truly warm & inviting 37 room hotel nestled on the hill side at Massade Gros Islet. The property is sitting on over 20000 sq ft of land and boast 2 pools and breath taking views of the Caribbean sea, Rodney Bay Marina and Pigeon Island..

Ocean View Hotel Facts & Features

  • Its a Fixer-Upper investment with potential for great returns on your investments
  • 18 out of the  37 ensuite rooms on the first floor were renovated in 2017.  All 18 rooms are move in ready with beds, functional baths and A/C units.
  • 25 functioning toilets
  • The second floor (19 rooms) needs to be totally demolished.
  • New Electrical & Plumbing needs to be done on second floor.
  • Roof needs to be replaced or repaired.
  • Both swimming pools needs renovating.
  • The restaurant and bar on this property needs to be renovated.
  • 2 conference rooms and spa
  • Property needs to be treated for mould.
  • Kitchen – Fully equipped with commercial appliances.
  • The property walking is distance to the popular Gros Islet Friday Night, Rodney Bay Marina and Pigeon Island Beach

NB: About USD$500k has been estimated to get this property fully functional. However, interested person would need to get a property estimate from a contractor or quantity surveyor for renovation to their standards and liking.

Video Showing Sections of Second Floor

Formerly Glencastle Resort, the hotel was built fifteen years ago, based on French architecture in a homely and peaceful setting.

There is a hotel shuttle service, if one is looking for a night out in Gros Islet, or a day relaxing at the beautiful beach at Pigeon Island.

There are two beautiful swimming pools, ideal for adults and children, a fully licensed bar and restaurant. All rooms are both large and comfortable, ranging from single to family size. The onsite Innerglo Spa offers a wide range of relaxing and rejuvenating beauty treatments.

Oceanview is great for holding functions or weddings and offers great investment value.

  • Address: Massade Gros Islet
  • City: Gros Islet
  • State/county: Saint Lucia
  • Neighborhood: Beau-se-jour, Rodney Bay
  • Country: Saint Lucia

Detail

Updated on August 8, 2018 at 2:36 am

  • Price: USD$450,000.00
  • Property Type: Hotel
  • Property Status: For Sale

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