Basseterre, St Kitts and Nevis

Multi-Unit Investment Property - Basseterre, St. Kitts

This substantial multi-unit residential and rental property is situated in Basseterre, St. George's Parish, St. Kitts, offering an attractive opportunity for investors seeking an established income-generating property or a large-scale redevelopment project.

The property comprises approximately 2 acres, 2 rods and 22.3 poles of land and features four separate buildings, with three positioned on the western side of the property and one on the eastern side. Together, the buildings provide over 37,000 sq. ft. of space and accommodate a total of 61 residential units.

Building 1, measuring approximately 11,000 sq. ft., comprises 10 one-bedroom, one-bathroom units on the upper floor and five three-bedroom, two-bathroom units on the lower floor.

Building 2 provides approximately 11,136 sq. ft. across two floors and contains 10 three-bedroom units, each with two bathrooms.

Building 3, the largest of the residential buildings at approximately 13,950 sq. ft., contains 36 studio apartments distributed across its two floors.

Completing the compound is Building 4, measuring approximately 980 sq. ft., which provides maintenance storage and lodgings.

With its extensive accommodation, multiple buildings and large landholding, the property offers considerable flexibility for continued residential rental use, institutional housing or future redevelopment. Its Basseterre location also provides convenient access to the capital's commercial and residential amenities.

The property is being offered for sale by tender. Interested persons may obtain the conditions of sale from the mortgagee's Attorneys-at-Law. The closing date for the return of tenders is TBA.

Offered at US$3,278,937.58 / EC$8,814,440.00