INVESTMENT OPPORTUNITY – NEW on the Market

ASKING PRICE: USD.566,500.00

Caya Henricus Nr. 4

Lot size (Long Lease Land) – 650m2
Built up – 428m2

Consisting of:

Main House on the ground floor. Here you will find 3 bedrooms, 2 bathrooms, an office, the formal living room, the family room, dining room, open kitchen, studio apartment with bathroom, work-shop, 2 car-garage,

On the second floor there are 4 apartments: 1x 2 bedroom apartment, 3x 1 bedroom apartment. The entrance to the apartments is separate from the main house.

OPPORTUNITY: The apartments are currently rented out for a combined rental income of Awg.4,000.00 per month / Awg.48,000.00 annually. The main house on the ground floor can continue to be used as the primary residence of the buyer but can also be converted into 3 private apartments easily renting out for a combined rent of Awg.4,500.00 per month / Awg.54,000.00 annually. The total (potential) rental income will represent a 10% return on your investment.

When you come into the home, on your right you have the office and to the right you have the living room and the hallway to the 3 bedrooms. Going straight you will pass the family room, dining room and finally the open kitchen. Here you will also have access to a covered patio and a large open air patio finished with artificial grass. Next to the covered patio is a small studio apartment.

The principal bedroom has built-in closets and a good sized en-suite bathroom. The other two bedrooms also have built-in closets and share a bathroom together.

The covered two-car garage leads to a workshop and the laundry area.

To the left of the property is the seperate entrance for the 4 apartments situated on the second floor.

Build-up Area: 428m2
Type of Land: Long Lease
Expiration: 16 May 2059
Size of land: 650m2
Type of land: Corner lot
Total Spaces: 36
Total Bedrooms: 9
Total Bathrooms: 7
Apartments: 4 + 1
Garage: 2 car garage under roof – additional space to park another 2 to 4 cars
Fence: Completely fenced
Landscaping: Easy to maintain
Pool: No