CAT 047 – Large Villa / Apartment Building

US$650,000

Description

Excellent Investment Opportunity listed Exclusively with St Lucia Homes

This very well built Villa/ Apartment building is on 6,700 square feet of land within an easy commuting distance of Castries or Rodney Bay.

Situated in the pleasant community of Carielle, and on a bus route, these well designed apartments rent easily as long term rentals. A recent valuation of the property was approximately $900,000 usd, but it is for sale at a realistic price of $650,000 usd. ($1,750,000 ecd)

The elevated location means the Villa has excellent sea views across to Vigie and on clear days to Martinique. All the apartments have been designed with balconies to take advantage of the sea view. There are a total of 11 bedrooms and 7 bathrooms in the villa.

This living space is divided into a top floor (2) two bedroom, 1 bath apartments, with good sized open plan living space and a well fitted kitchen. Middle Floor is divided into (2) two bedroom, 1 bath apartments. Ground Floor is divided into (3) one bedroom, one bathroom apartments. The whole building provides approximately 6,500 square feet of living space on three floors.

Externally there is good parking space and a small garden area. The monthly rental income is presently $11,000 ecd for long term unfurnished apartment rentals. Furnished apartments could command a higher rental.

Rental income will cover a large percentage of the purchase price mortgage for the discerning investor .

Priced to sell and well worth considering as an excellent investment property.

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Location

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