Commercial For Sale in St. Georges - Real estate in Bermuda

Christies Sinclair Realty

Commercial For Sale in St. Georges

George The Dragon, St. Georges
Price: $795,000
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St. Georges, Bermuda
Property Reference:
moura_1088-935 - #32475

Property Description

Built in 1826, the iconic George The Dragon is one of the most photographed properties in Bermuda. Located in the heart of St Georges, prominently located on King Square, George The Dragon is the last privately owned property on the Square. With the St Regis Hotel Development more than 50% complete, this property offers an opportunity to renovate/ redevelop and be open the same day the hotel opens. Grade 3 listed, any investment into George The Dragon will be eligible for concessions under the Tourism Investment Act, making this opportunity attractive to local and foreign investment. There is also the capacity, subject to planning approval, to convert a portion of the property into residential accommodations. Plans have previously been drawn for 4x 1bedroom apartments on the upper floor.Currently comprising upstairs restaurant which opens via French doors to the patio overlooking King's Square. The commercial kitchen is located at the rear of the restaurant upstairs, complete with dumb waiter, walk-in freezer and multiple access points. Downstairs the bar retains original exposed beam ceiling, multiple restrooms, direct access to both Kings Square and York St with potential to subdivide the space for multiple revenue streams/ business ideas. In addition the smaller pantry space (with separate assessment number) also fronts King’s Square currently undergoing a cafe fit out. Take part in the St Georges revitalisation!

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Price: $795,000

Keller Williams Bermuda

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