OPEN TO OFFERS | Income-Producing Commercial Property for Sale in Dover, St. Lawrence Gap

Asking Price: USD $795,000 – Offers Welcome in USD Only

A rare opportunity to acquire a freehold commercial property in Dover, at the heart of St. Lawrence Gap and just steps from one of Barbados’ most popular South Coast beaches.

The property occupies approximately 7,313 sq. ft. of land and offers approximately 3,460 sq. ft. of combined commercial building space. This includes approximately 960 sq. ft. of office space and 2,500 sq. ft. of restaurant space.

Its flexible layout can accommodate a range of commercial, hospitality, food and beverage or retail concepts. The property also benefits from excellent visibility, strong pedestrian and vehicle traffic, and a central location surrounded by hotels, condominiums, apartments and vacation rentals representing more than 1,000 visitor beds.

Dover is one of the most active sections of St. Lawrence Gap, with its established mix of beaches, restaurants, bars, nightlife and visitor accommodation. The immediate area has also benefited from public investment, including the Dover Beach boardwalk, upgraded beach facilities, street lighting, road improvements and new food and shopping kiosks.

Property Highlights

• Approximately 7,313 sq. ft. of land
• Approximately 3,460 sq. ft. of commercial building space
• Approximately 960 sq. ft. of office space
• Approximately 2,500 sq. ft. of restaurant space
• Strong existing rental income
• Flexible commercial layout
• Excellent Dover frontage and visibility
• High pedestrian and vehicle traffic
• Steps from Dover Beach
• Walking distance to major hotels and visitor accommodation
• Suitable for commercial, restaurant, retail or hospitality use

Financial Overview

• Annual rental revenue: BBD $132,000
• Land tax: BBD $5,700
• Insurance: BBD $5,000
• Total annual expenses: BBD $10,700
• Net Operating Income: BBD $121,300 per year

St. Lawrence Gap, including Dover, is located within a designated Special Development Area. Approved qualifying projects may benefit from fiscal concessions relating to construction, renovation or redevelopment, including possible import-duty and VAT exemptions, reduced corporate income tax, capital allowances and certain land-tax or property-transfer-tax concessions.

These incentives may provide added value for an investor seeking to upgrade, reposition or redevelop the property. Prospective purchasers should confirm current eligibility requirements and available benefits with their attorney-at-law and the relevant Barbados government authority.

Barbados offers a stable, English-speaking business environment, established legal and banking systems, direct international air access, strong tourism demand and no restrictions on foreign ownership of property.

This is an attractive opportunity for an investor, owner-operator or hospitality group seeking an income-producing commercial property in one of Barbados’ most recognised and heavily trafficked tourism districts.

Contact NVEST Estates for further information or to arrange a private viewing.