2 ET AL Southgate Farm Ea

Description

The Tamarind Reef Resort and Marina is a unique investment opportunity for a developer with the luxury of an existing operational infrastructure to generate revenue during expansion. This 48 acres property is set on two spectacular beaches with fantastic snorkeling - a short swim from Green Cay, nestled in the architecturally stunning Southgate community and bounded to the east by a 100 acre Southgate coastal reserve just 10 minutes to historic Christiansted town. The property currently features a 161-slip full-service marina with dry dock storage in a sheltered lagoon that is one of the premier Hurricane Holes in the Caribbean. Seller is licensed Real Estate Agent in the VI. The resort enjoys USVI EDC Benefits. The sale is structured as a stock sale for maximum tax incentive. Continued The Tamarind Reef Resort and Marina is a unique investment opportunity for a developer with the luxury of an existing operational infrastructure to generate revenue during expansion. This 48+ acre property is set on two spectacular beaches with fantastic snorkeling - a short swim from Green Cay, nestled in the architecturally stunning Southgate community and bounded to the east by a 100 acre Southgate coastal reserve just 10 minutes to historic Christiansted town. The property currently features a 154-slip full-service marina with dry dock storage in a sheltered lagoon that is one of the premier Hurricane Holes in the Caribbean. The marina enjoys the prestigious Blue Flag eco-distinction - the only location with this distinction in the USVI! A hotel and spa with Buck Island views featuring 40 recently updated rooms with 5 more in progress. Two restaurants that cater to hotel, marina and island visitors. The Deep End Bar and Restaurant, a beach bar and restaurant with live music and The Galleon, a premier fine dining restaurant. The property has 4 tennis courts and a full gym. A 3,300 square foot luxurious office and conference center; 6 office and two cottages. Undeveloped acreage provides expansion opportunity for up to 150 more doors in the form of townhomes with individual private drive-in boat garages, condos/homes with marina and ocean views; retail, dining and chandlery; and a palm tree lined entryway. A detailed information on each aspect of the property in the broken out below. HOTEL The existing hotel has 40 rooms, but there is ample space for significant expansion to add . The potential to generate income during expansion is unique. Room breakdown: 12 Deluxe Kings , 11 Superior Kings with Kitchenette, 10 Deluxe Queen, 7 Superior Queens with Kitchenette. Every room as a fridge, microwave, coffeepot; hurricane window coverings. Superior rooms have kitchenette with sink, stovetop, cabinetry and pots and pans. 2 rooms are handicap accessible! Currently in the works at the hotel are two, two-bedroom suites. Ground floor rooms have lushly landscaped patios. Second floor rooms enjoy even more picturesque views of the glittering Atlantic Ocean. Permitting is approved and in place for leisure tide pools at the hotel. The hotel boasts two beaches and a large freshwater swimming and lap pool. Beach Shack with Water Sports and The Deep End Restaurant within steps of the guest rooms. SPA Newly renovated Spa offering a host of luxurious services for guests including massage, facials, body wraps, reflexology and scrubs. MARINA Green Cay Marina is a home away from home for your power or sailing yacht. A safe, tranquil hurricane hole conveniently located 3 miles east of Christiansted, the historic town and epicenter of St. Croix. The marina can accommodate 154 slips and vessels up to 100ft in length, with 8ft draft alongside. Offering diesel, gas, and potable water service, as well as showers and bathrooms, a laundromat, 110/220v shore power, two restaurants and two beautiful beaches with some of the best snorkeling on the island. Green Cay Marina has received the Blue Flag Marina distinction for it's exceptional environmental management, education, s