Ref # 4425 - Incredible Potential for a Dining Establishment

View of cruise ships
Downtown Bay Street
Central N.P.
New Providence

Offered at:
$24,000

Reference: #4425
Status: available

Multi-million dollar newly renovated property “Elizabeth on Bay”. With approximately 120 feet along beautiful Nassau Harbour east of the cruise ship terminal this property will lead the way to the revitalization of downtown Nassau.

The restaurant space consists of two floors with a total square footage of 7,292; interior space 3,645 square feet and 3,647 square feet of terrace - a portion of this area being covered and shuttered if necessary for inclement weather. Spectacular views of the harbour, Paradise Island and the cruise ships will make this a popular site for elegant dining and sipping cocktails seaside. Valet parking will be provided for evening patrons.

To date seventy percent of the retail space has been leased. A high end restaurant featuring a Mediterranean cuisine will be established on the north-west side of the property. Other committed establishments are Häagen-Dazs, a local café, a unique Bahamian craft store, and a pharmacy that plans to target cruise ships and their passengers and will feature a doctor on call during peak times of the week.

Dolphin Encounters will have their permanent exhibition within the arcade where they will transfer their clientele to their private island, Blue Lagoon. This business alone will generate a huge amount of pedestrian traffic on a daily basis.

Docking facilities were built on the property to encourage both a water taxi service and a landing point for local tour operators to promote the complex as a home base to Bay Street for tourists and residents alike. The natural formation of a triangle between this location, the port and the Atlantis properties will maintain “Elizabeth on Bay” as the central hub of transport via the waterway. The removal of the container facilities and the construction of a walkway from Rawson Square to “Elizabeth on Bay” will complete the complex as a pedestrian thoroughfare for thousands of people per day.

Tenant will be responsible for fitting out of premises. Price per sq ft per annum: Rent @ $30.00 + CAM @ $10.00 or $291,680 per year.

More Information
"Linda Eldon"
Property Manager/Appraiser/Agent

Contact Details:
Tel: 242-356-5030


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