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This secured revenue generating property’s current capacity include 6 apartments (10 bedrooms & 7 baths) and is fully occupied.
Beside being located in an area which is highly sort after for its rentals, there is a high level of traffic which passes through Madras Road to get to shopping centres, airport, banks, gas stations, health centre, schools, government agencies, recreational grounds, etc.. In fact, due to its location, this property normally doesn’t flood, ask its tenants and Marios Pizza which is only 67 metres away and Royal Castle just 120 meters away. Therefore, it is close walking distance from the Caroni South Bank Main Road where public transport, like taxis, are available. Additionally, although 1 large water tank on the compound, there is a continuous regular & reliable WASA supply of water.
While the property currently makes full use of the Town and Country approved freehold corner lot of land for residential rental, to the visionary investor, there is potential to earn even more revenue by converting sections of it to full commercial rental units, as Madras Road and St Helena is known for having businesses like Stationary and Computer stores, Groceries, Restaurants, Bakeries, Hair Saloons and Barbering, Medical and Dental, Lawyers, Surveyors, Valuators, Tint shops, Auto Parts, Tyre Repair shops, Mechanics, Electricians, Bars, etc.. The considerate Owners have agreed to reduce the price further from $2.6mil to $2.2mil!
Contact us now for a viewing appointment and don’t miss this opportunity!
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Property Features and benefits:
-On a Town & Country approved 5,968 sqft freehold corner lot which is fully secured and fenced
-Building(s), comprise 6 residential apartments.
-Downstairs have 5 apartments (Approx. 3,160 sqft living space) - 2EA have 2 bedroom/1 bath and 3EA have 1 bedroom/1 bath
-Upstairs has 1EA huge 3 bedrooms/2 baths apartment (Approx. 1,660 sqft living space)
-2 Access points: 1 on Madras Main Road and 1 on the side street
-Laundry areas
-Fully covered Parking for 6+ vehicles
-1 Water tank but has a regular and reliable supply of WASA water
-Cable and internet ready
-Reduced Again (BARGAIN) from $2.6mil to $2.2mil!!!
-Residential monthly rental potential of $15,000 to $18,000 but commercial rentals on the same property will be much more.
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