Mac's Pizza Pizzeria & House Belmont, Bequia, The Grenadines
- 0 Bedrooms
- 1 Bathroom
- 0.25 Acres
- 10881 Sq Ft
- Belmont Walkway
- House ideal for Redevelopment
- Includes all furnishings inc PIzza Ovens
- Operating Business with Experience Staff
Mac's Pizzeria, Land & House Belmont, Bequia St.Vincent & the Grenadines Price: 865,000 USD Land Area: 10,881 sq ft / 0.25 acres / 1,010.9 sq metres
élévation: 2 to 12 metres Location: Lat 13.006800 Lon -61.237700 Waterfront, Belmont Walkway Number of buildings: 2, restaurant and house Footprint of buildings: approx. 1,300 sq ft., 600 sq ft. Access: Direct from Belmont Walkway and by path from the Port Elizabeth road Services: Mains electricity, telephone, bottled propane, individual water tanks
Top Bequia Restaurant
Mac's Pizzeria is offered for sale as an operating business, one of the most popular restaurant in Bequia and the Grenadines, endorsed by guidebooks and recommended on TripAdvisor which ranks it No 1 of 5 restaurants on Bequia, with experienced staff, loyal clientele, and a great reputation.
Overlooking Admiralty Bay
Admiralty Bay is one of the best natural anchorages in the Caribbean owing to the ideal natural protection it provides. There is dinghy access to the walkway so that visitors by boat enjoy easy access to the restaurant. Cruising yachts and charter yachts make Mac's a firm part of the Grenadine Islands. The House and restaurant overlook Admiralty Bay.
The restaurant seats 45 on the covered balcony and 24 in the waterfront garden. Furnishings and equipment are included in the sale; they include pizza ovens, refrigerated preparation station, six-burner gas stove, freezers, and drinks cooler. There are three restrooms. The house requires renovation for occupancy or a build to your specifications.
The restaurant is close to the Frangipani Hotel, Gingerbread Hotel and Dive Shops, really key visitor and local attractions. The development potential for this business, land and dwelling is good.
Belmont Walkway is the hotel, restaurant and dive shop waterfront of the island's capital Port Elizabeth bringing all visitors, sailors and locals alike strolling along the palm fringed shore where Mac's Pizzeria enjoys a wonderfully relaxed garden location.
There is a road on the survey drawings at the rear of the property leading down from the main road. This is effectively a track /path at the moment and to make it into a proper road would it appears simply the cost - as little or as much depending on the quality you wished for it the surfacing and finish.There is also of course access from the waterfront and there is a road to the waterfront. This is the route the current owner uses parking and strolling the 30 yards or so along the waterfront to the property.
Thriving Pizza Restaurant & Take Away
This is a thriving business, well known across the Grenadines and loved on Bequia by locals and visitors alike. The restaurant has over 60 covers, 45 in the restaurant with another potential 24 outside at the garden tables.
The menu includes 17 pizza options including lobster. Mac's also serves a fabulous lasagne, pita sandwiches, conch fritters, soups, salads and an assortment of home-baked goodies – cookies, muffins, etc. There's even some incredible homemade ice cream to keep you cool on those warm West Indian evenings.
Mac's has been serving excellent food for over 30 years from the terrace restaurant overlooking the bay. Dining is informal and the atmosphere fun. Reservations are highly recommended during the busy season. Mac's popularity on the island is due in part to the excellent waterfront location.
10,881 sq ft of Land
This is a prime piece of land in one of the busier, tourist areas of the island. The Belmont walkway attracts thousands of visitors a year and passes in front of the restaurant.
The sale includes all the furnishings and equipment including pizza ovens, freezer, drinks cooler, refrigerated prep station, 3 restrooms and a house requiring major renovation situated just behind the restaurant.
Cruising yachts and charter yachts make Mac's a firm part of the Grenadine islands sailing itinerary.
The house needs work, but a waterfront home in any condition on such a lot anywhere in the Caribbean would be great value at this price. This one comes with a profitable, turnkey business that can fund your entire island lifestyle for years to come.
A central location on the island this is an established area above the Belmont Waterfront Walkway. The shore side is a relaxing and social area with sandy restaurants...yachts at anchor... children playing...a friendly fun area. Home to Bequia's longest established Hotels,the Frangipani the Whaleboner and the Gingerbread. There are small wooden jetties and its the place to stroll along the shore to Port Elizabeth or past the Dive shops to Princess Margaret Beach just over the headland. Houses and villas here enjoy panoramic views over Admiralty Bay, the finest harbour in the Windwards with visiting yachts form all over the world. The sunsets are breathtaking.
The entire process can be handled remotely - ie while you are in the UK.Purchase procedure:
1. Make your offer for your chosen property through us. We present your offer, and work to bring the sale to an agreement with the owner.
2. Appoint a local Lawyer to handle your purchase (list of recommended lawyers can be provided upon request) exchange contact details and discuss the purchase arrangements, as you wish.
3. Sign Agreement of Sale & deposit 10% of purchase price in ESCROW account with the lawyer.
The Agreement of Sale Contract is prepared by the lawyer for approval by both parties, before being finalised and signed by both parties. This is a binding agreement, the only circumstances where you would retrieve the deposit would be if:
- the seller fails to perform (for example if there was not clear title)
- or if your ALHL is not issued (this is extremely rare).
4. Alien Land Holders Licence (ALHL) Application (specific to the property & applied for at the time of agreement of purchase ).
Provide the following details to your local lawyer :
- Date and place of birth
- Copy of passport
- Bank reference (not finances just a letter of reliability)
- Police certificate of clear record (applied for from your local police station or online, in your home country
The police certificate is usually fairly swift and at least straightforward
The lawyer makes the ALHL application and searches to check clear title on the property
5. ALHL is issued (this usually takes 2 to 3 months).
6. Complete the purchase (you deposit the balance of purchase price and the signed deeds of conveyance are released). At this point the property is yours.
Purchase costs are straightforward;
- 5% Stamp Duty
- approximately 6% ALHL
- legal fees
Legal fees are standard and the lawyer you instruct can provide a detailed breakdown of the costs.
We advise allowing 13% to cover the costs.
The lawyer can advise on personal or company ownership;
Company ownership provides automatic exemption from work permit. Residency is a simple formality with property ownership.
Many buyers choose to own their property through a company which can be set up easily, the lawyer can advise on the costs and fees for this.
There is no capital gains tax, no inheritance tax and annual property taxes are negligible. Funds can be repatriated freely.