PROPERTY & INVESTMENT True spice in the Spice Island An exciting marina, hotel and residential expansion opportunity in the Caribbean island of Grenada couldn’t come at a more propitious time. Demand for berths currently outweighs supply, and owners and captains are increasingly looking to the island for safe vessel mooring options. The picturesque capital city of St George’s with its beautiful horseshoe-shaped harbour and yacht lagoon. Grenada, ‘The Spice Isle’, lies 145km (90mi) north of Trinidad and Tobago and 257km (160mi) south of Barbados. Less than 80km (50mi) from St Vincent, it provides easy access to the Grenadines – with its fabulous cruising and more than 30 islands to explore. Most importantly, Prickly Bay, which sits in the south of Grenada at exactly 12° north, is outside the recognised hurricane belt and has always been regarded as a safe anchorage. This benefit has become increasingly recognised in recent years as more yachts seek the safety of Grenada’s waters during the hurricane season, not least to comply with insurance requirements. Grenada has seen a significant expansion in its capacity for marina berths and facilities. Grenada’s largest marina, Camper and Nicholson’s Port Louis, recently added a further 90 berths at its location in the docks of the capital, St George’s. This growing demand has been matched by an increase in luxury hotels on the island (both existing and planned) with a corresponding growth in the airlift from the Americas and Europe. Prickly Bay Waterside offers a different and unique marina, hotel and residential resort opportunity. David One of several 5-star luxury hotels in Grenada. Inwards of Inwards Marine is advising the owners and told <strong>Marina</strong> <strong>World</strong> how he views this development as one of the most exciting he has seen in his 40 years in the business. “The first thing that strikes you is the sheer beauty of Prickly Bay, unquestionably in my view the finest setting for a marina, hotel and residential resort in the Caribbean. It’s a deep water bay and faces south/south west with a small, secluded sandy beach and the most wonderful sunsets.” The existing development sits comfortably in a prime residential area surrounded by upmarket villas – just 20 minutes drive from St George’s, and less than 15 minutes from the airport. Prickly Bay Waterside currently offers 18 luxurious villas and apartments, an Olympic length swimming pool plus several private pools in individual properties, a restaurant, delicatessen, laundry and bar. Outline planning is in place to increase the number of residential properties to 70, together with a boutique hotel. There is an existing small marina with fuel station and mooring field, plus 3.6ha (9 acres) of water rights with planning to expand to 120/140 berths, which makes the whole development a very attractive investment. “One area I am particularly excited about is the stern-to, Mediterraneanstyle berths for superyachts, family yachts and catamarans right in front of the waterside villas,” Inwards said. “I know purchasers will be very attracted by this rare opportunity to be able to berth right in front of their own home in this wonderful resort on this wonderful island, the size of Jersey, with its 100,000 happy, welcoming inhabitants, 40 white sandy beaches, 30 unforgettable dive sites, 15 breathtaking waterfalls, five chocolate factories, three rum distilleries and the world’s first underwater sculpture park. Heaven could be in Grenada.” Interested parties should contact David Inwards on david@inwardsmarine.com for further information. 46 www.marinaworld.com – <strong>November</strong>/<strong>December</strong> <strong>2022</strong>
Cristina Martini - President and Owner of the Martini Alfredo S.p.A. MARTINI ALFREDO S.P.A Via Centro Industriale Europeo, 43 C.P. 1 - 22078 Turate (CO) - Italy Tel +39 02 963941 marinas@martinialfredo.it | marinas.export@martinialfredo.it 100% MADE IN ITALY www.martinialfredo.it
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