Full Description

Grotto Beach Resort & Golf Course Package

Commercial Site.

San Salvador, The Bahamas.

This superb investment includes 2  hotel sites and 1 x 18 hole golf course.

(Can only be sold together as a package)

Hotel Site #1 7.99 acres

Hotel Site #2 6.2 acres

Sandcliff Golf Course - 153 acres with a total of 1,460 ft of oceanfront.

Purchase Price: USD$4,200,000 includes all 3 properties.

Under The Hotels Encouragement Act, the Bahaman government welcomes resort development in the Family Islands with numerous investment incentives including exemptions of customs duties and in some cases stamp taxes, on building materials, equipment, approved raw materials, fixtures, furniture, landscaping items and sporting equipment.   In addition, the 2 most important exemptions are on real property taxes and earnings or rent paid for up to 20 years!

'Club Med' The only resort on San Salvador for the past 10-15 years has has an arrangement with the Bahamian Government to control the hotel industry here on the island, with this arrangement now lifted, there has never been a better time to invest in San Salvador.

Imagine the Turks & Caicos Islands 10-15 years ago!  Well this is where we are at now with San Salvador.