My cowboy math:
At $6.5 million, with a 6.5% interest rate which on this type of property is probably reasonable to a person that has the money to begin. Only a 25 year remaining right to lease. You would have to allow for about $43k per month plus insurance and any taxes (not sure how commercial property works on SXM). Good luck making those payments, I don't see how that investment would make any sense for anybody. That nut isn't going to able to be paid in high season, let alone low season.
I think about one third that is getting closer to having a chance, not even sure at that.
Went once years ago at what was Banana's with in a year or so of the change, knew leaving we would not be back, never went back.
Is Topper's rum still running?
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