Cap Estate - US$ 1,900,000
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Rarely does a property
come on the market with such a different “vibe”. This home is in a superb
location In Cap Estate, with panoramic sea views, good road access and a very
private location.
The property has
been divided into two villas with separate entrances. Both villas could be used
as vacation rental villas or one could be lived in and one rented. Either of
the villas could easily be made into one large residence.
One of the Villas
has been on the vacation rental market for the last three years and has
achieved a good rate of occupancy and a good reputation with visitors. Vacation
rental income for this Villa varies between $350USD and $475USD per night. A similar income could also be achieved with
the second villa.
With both Villas rented,
using a 70% occupancy rate (very achievable) income generated would be above
$200,000 USD per annum, plus a good capital appreciation possibility on the
real estate because of location.
The asking price is
1.9 million USD, but this includes $200,000 to set aside for full completion of
work on the second villa, landscaping and pool. The present owner is willing to
fully supervise, without charge, to complete this work in an agreed time frame,
to create two similar style villas. The property can be bought “as is” with
some work still needed to complete the second villa, price would then be 1.7
million USD.
This property is
built on a large lot of 29500 square feet. There is additional space possible
for an extra small cottage (DCA approval needed) which again could have a
completely separate entrance. This property has excellent investment potential
as vacation rental villas.
Property Management
for none resident owners can be arranged.
Listing Details
Selling Price: US$1,900,000; XC$5,073,000
Category: Houses For Sale
District: Cap Estate , Cap Estate
Bathroom(s): 4.5
Living Area (sq.ft): 6,000
Land Area (sq.ft): 29,500
Features
Excellent location
Large area of land
Two villas
Very good vacation rental income
Panoramic sea views
Enquire by telephone
Office: + (758) 4500877
Enquire by email
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