Set on an incredible white sand beach at Three Sisters Exuma with 314 ft of beachfront. The Exuma Palms Resort offers a great opportunity to buy an existing fully operational resort with approved plans for two state-of-the-art condominium buildings. The current resort consists of a 6,000 sq. ft. hotel block with 12 newly renovated bedrooms with balconies overlooking the beautiful beach and turquoise Exuma waters. Completing the resort is The Blue Conch Restaurant and Bar serving breakfast, lunch, and dinner with ample space for larger events such as weddings or corporate retreats.
The real opportunity at The Exuma Palms Resort are previously approved plans for a 9 unit beachfront condo building with six 2 bedroom units and 3 one bedroom units as well as an additional 8 units in two buildings across the road to be built where the old tennis court is. There is also additional space for a few beachfront cabins between the resort and the beachfront condo building. Once complete, these buildings will provide additional rooms and suites for the rental pool at a significantly higher rate due to the size and quality of the new condos.
The Exuma Palms Resort is perfect for the right investor looking for an operating resort with serious upside potential.
- Living Area:9000 sqft
- Total interest:$ 3,916,743
- Total loan value:$ 8,116,743