114-118 Main Street, St. Lunaire-Griquet, Newfoundland & Labrador A0K 2X0

Largest building in St Lunaire- google RAPPA NL for directions. Welcome to an extraordinary investment opportunity on the GNP. This former 25,000 sq ft school building, situated on nearly 4 acres of land, offers immense potential and a range of possibilities. Here's why: -Solid Structure and Enhancements: Constructed in 1969 with a large wing added in the mid-70s, this building showcases quality craftsmanship. Substantial investments were made, including an apex roof added in 2002 and comprehensive stabilization measures in 2004/2005, ensuring a secure and reliable structure. -Breathtaking Views: The property boasts stunning views of the bay. -Potential for RV Park: The cleared grounds are an ideal opportunity to establish a much-needed RV park. Can take up to 10 RVs. -Versatile Interior: The building features numerous classrooms, a full gymnasium with a stage, and a former community library complete with books. -Accommodation Potential: With some modifications, the building can potentially have 15 1-bedroom units or 25 hotel-style rooms. Income potential for short-term rentals projected to yield $175-$225 per night per room or around $900 per month for long-term per room. -Established Rentals: The property currently offers short-term rental units,"Bayview Suite" and "Garrigus Room." In addition to a 1 bedroom apartment. These units have high demand, with the "Bayview Suite" receiving Booking.com's highest rating. -Proximity to Tourist Attractions: Minutes away from the World Heritage Viking site, the property benefits from a steady stream of tourists, ensuring consistent demand for accommodations throughout the tourist season. -Winter Income Potential: The high demand for student accommodations at nearby CONA can be tapped into, providing a reliable source of revenue during the off-season. -Multiple Entertainment Options: The building offers diverse amenities, including a gaming arena with activities like paintball, airsoft, and Gellyball. Additionally, there is an axe-throwing room and a party room, catering to all. (id:27476)

Located in the picturesque town of St. Lunaire-Griquet, this property presents an exceptional investment opportunity on the GNP. The former 25,000 sq ft school building is situated on a generous 3.8-acre land, offering a wide range of possibilities and immense potential.

Constructed in 1969 with a large wing added in the mid-70s, this building boasts a solid structure and quality craftsmanship. Significant investments were made to enhance the property, including the addition of an apex roof in 2002 and comprehensive stabilization measures in 2004/2005, ensuring a secure and reliable structure.

With breathtaking views of the bay, the property offers a serene and picturesque setting. The cleared grounds present an ideal opportunity to establish a much-needed RV park, with the capacity to accommodate up to 10 RVs.

The interior of the building is versatile, featuring numerous classrooms, a full gymnasium with a stage, and a former community library complete with books. With some modifications, the building has the potential to house 15 1-bedroom units or 25 hotel-style rooms, with projected income potential for short-term rentals ranging from $175 to $225 per night, or around $900 per month for long-term rentals.

Currently, the property offers short-term rental units, "Bayview Suite" and "Garrigus Room," in addition to a 1-bedroom apartment. These units have high demand, with the "Bayview Suite" receiving Booking.com's highest rating.

Strategically located minutes away from the World Heritage Viking site, the property benefits from a steady stream of tourists, ensuring consistent demand for accommodations throughout the tourist season. Additionally, the high demand for student accommodations at nearby CONA presents a reliable source of revenue during the off-season.

Entertainment options on the property are diverse, including a gaming arena with activities like paintball, airsoft, and Gellyball. There is also an axe-throwing room and a party room, catering to a wide range of interests.

This exceptional property is currently for sale and offers a unique opportunity for investment in Newfoundland & Labrador. With its prime location, versatile interior, and potential for various income streams, this property presents an extraordinary investment opportunity for the discerning buyer.