by Shawn Cumberbatch
An historic piece of Speightstown is to be transformed into one of the island’s newest tourism properties.
But before the old Noel Roach & Sons pharmacy, which is a well known landmark located on Queen Street in the northern district, can be transformed into an intended 19-room The Speightstown Inn with retail and catering facilities, it needs a $5 million investor.
Barbados TODAY understands plans for the 18,000 square foot “The Old Pharmacy” property — including 3,150 square feet of beach land — were approved in December 2010 after a previous approval expired five years earlier.
While the proposal indicated the planned inn could be changed or improved subject to planning consent, “if built, the currently approved plans would create 25,000 square feet of commercial space” and provide an estimated 50 new jobs.
Proposed features of the facility would include a pub/garden restaurant in the main building, The Speightstown Inn with 19 rooms, all air-conditioned with en suite bathrooms, and a retail store that would attract tourism and generate local employment.
Additionally, it was pointed out that a beach bar and restaurant with beach facilities “is the subject of a separate planning application which is pending”.
“Alternatively, the property could be preserved as a private residence or as apartments,” the project proposal stated.
“The objective of this prime site is to create a world class major attraction in the middle of Speightstown, that will surely revitalise the town and expand tourism figures and day visitors to assist in attracting other tenants,” the plan stated.
With the property now being marketed for sale by four of the island’s main real estate companies, objectives of the eventual projected included creating “a world class major attraction in the middle of Speightstown”, which it was hoped would: * Revitalise Speightstown. * Bring in tourism and day visitors and help attract other tenants. * Create local employment, … generating upwards of 50 new jobs. * Create a sense of renewal for the whole town and bring in much collateral income generation.
Those selling the property hoped that Speightstown Special Development Area status would be a major drawing card, something which would all investors to benefit from a number of tax benefits.
The old Noel Roach building is not the only historic northern property now on the market.
The Old St. Peter’s Rectory, owned by the Anglican Church, and which features an historic Georgian Rectory and carriage house built in 1786 on about three acres of land at The Farm, St. Peter is also now on sale for $3.6 million.
This two-storey property located near Bristol Cricket Ground is being marketed for restoration “either as a grand home, a boutique hotel, or as a development of up to approximately 80 per cent of the land.
It is one of only two original Georgian Rectories in Barbados, the other being St. Lucy’s. firstname.lastname@example.org