Deals
News
Chat

Click on Image to see in Full Size

Posted: 1 month ago
Condition: Used
Category: Office & Commercial
Specification: For Sale,Offices and Commercial
Description:
PRICE REDUCED BY 405,000!!! 0.46 acre Neighbourhood commercial parcel on Maple Road with 10 rental units

Attention developers!
> 0.46 acre Neighbourhood commercial parcel on Maple Road! 37 and 47 Maple Rd.
> Only 1200 ft from the "ONE GT" ultra luxury high rise condo building.
> Approximately 1000 ft to the "ELDEMIRE" proposed High Rise building on Boilers Rd.
> Backing on to the Doctors Hospital.

DESCRIPTION OF PROPERTY
> The Property comprises two separate buildings each arranged over two storeys with a car park in front. There is also a shared laundromat to the rear of Building 47.
> Each building provides five apartments, with both buildings providing two apartments on the ground floor and three apartments on the second floor.
> Building 47 provides five units of two bedrooms and one bathroom as well as kitchen and living areas.
> Building 37 provides two ground floor units of two bedrooms and one bathroom and the upper floor units are three units comprising one bedroom and one bathroom.
> 37 Maple rd. Building Parcel 402: 3,350 sq. ft.
> 47 Maple rd. Building Parcel 403: 5,200 sq. ft.

Total Gross External Area: 8,550 sq. ft.
Net annual income is well over $180,000 KYD

37 Maple Rd have been the subject of extensive renovations that included: Total Reno to a very high condo quality standard of 3 one bedroom units. Natural stone floors, marble baths, frameless shower glass doors, natural solid wood kitchens, split unit AC systems, all new plumbing and wiring. New Stucco on the exterior. New Standing seam roof. Construction of the new water meter panels enclosure and piping for individual meters. Total costs over $300,000 KYD. Building is fully occupied with below market rents.

47 Maple Rd does require some TLC but is fully occupied with rents also well below market. . All tenants paying their own CUC. All units are individually metered for electricity by CUC.

Buyers/realtors are free to enter the property grounds during business hours.

Whatsapp number only: 1(345) 321-3025

Grab this great deal and Happy Shopping!
 
---
 
*Please note that this is not the property of Island Xchange. For inquiries regarding inspection or purchase, please contact the number provided above.*
Read More…
Location
Share this Product
0.46 acre commercial Units

$ 2,395,000

Chat With Seller
ABOUT THIS SELLER
Island Xchange

Verified with

-->