$1,053,900.00 – VICTORIA, ST.MARK’S, GRENADA


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Property Description:

There will be offered for sale BY PUBLIC AUCTION at the Chambers of Renwick & Payne, Lucas Street, St. George’s on Friday 4th March 2016 at 12:00 noon the following property mortgaged to Grenada Development Bank on 17th day of September 1990 by Swynton Fletcher and Dorette Fletcher under an Indenture of Mortgage recorded in the Deeds and Land Registry of Grenada in Liber N15 at page 410.

ALL THAT lot of land containing 3,920 square feet together with the TWO STOREY BUILDING thereon, situate at Queen Street, VICTORIA, ST. MARK’S bounded on its northern side by a beach. The lot, being rectangular in shape and quite flat is described in a plan annexed to an Indenture of Conveyance recorded in the Deeds and Land Registry of Grenada in Liber W8 at page 594.

The property is located along Queen Street (the main commercial street) a few yards from the GCNA pooling station.

The building was erected of reinforced concrete approximately 20 years ago, with a total gross floor area of 3990 Square Feet and was once operated as a hotel known as “The Victoria Hotel”. The ground floor contains an office, a hall, bar, washrooms, kitchen and storage area. The upper floor contains 10 bedrooms each with its own bathroom and verandah. The entire property is enclosed with a small court yard and parking. All services are laid on.

Agriculture and fishing are the main activities of the coastal town of Victoria through which the Western Main Road runs. Its economical potential could be considered eco-tourism.

Sale is by the mortgagee under its Power of Sale contained in the said Indenture of Mortgage. For further information please contact Renwick & Payne (Tel No. 440-2479)

RESERVE PRICE $1,053,900.00

Renwick & Payne – Solicitors for Grenada Development Bank