SoldRef: RS358

Crown Point, Store Bay Local Road RS358

Crown Point, Tobago

TT$5,250,000

About This Property

Built in 2000 and very well maintained as a small family-run hotel in the Crown Point area, only two minutes from the ANR Robinson International Airport and all the tourism amenities focused around the popular Store ay and iconic Pigeon Point Heritage Park. The Hotel offers a range of accommodation from 6 basic rooms and 2 superior rooms (can sleep 3 persons) off a covered passageway at ground level with external staircase leading upstairs to 2 single-room suites with kitchenettes, and 1 two-bed apartment with living/dining room, full size fitted kitchen and balcony which has its separate stair access. The office and laundry are on the ground floor. The rooms are all air-conditioned, with ceiling fans, TV, ensuite bathrooms and a small fridge. In addition to the 12 bedrooms, the hotel includes a small bar/restaurant with its own kitchen, a laundry room, reception/office and a 30ft x 15ft pool with tiled deck and lounging area framed by a small garden. The restaurant caters for residents and non-residents with a roofed terrace-style arrangement. The hotel is being sold furnished as a going concern. During 2015 its occupancy was almost 50% which is more or less the island average. Financials can be made available to serious buyers. The land area is 10,000 sq. ft. fully fenced and the covered area of the 2-storey hotel is some 5,000 sq. ft. with 210 sq. ft. of bar/kitchen and 1,100 sq. ft. of restaurant terrace. Construction is standard block, rendered, profile aluzinc roof and tiled floors. Within the building-line setback to the side of the building, there are 5 x 1000 gallon water tanks. There is parking space to the front of the property which is located towards the western end of Store Bay Local Road.