Building With 3 Apartments On 1 Acre Of Land – For Sale In Otaheite Trinidad And

Description

Building with 3 Apartments on 1 Acre of Land – for Sale in OTAHEITE Trinidad and Tobago

Esales Property ID: es5554466

Property Location

NO 9 SEALAND DRIVE, GROVE PARK
LOT NO 29
OTAHEITE
TT
Trinidad and Tobago

Property Details

Prime Investment Opportunity: Three-Apartment Building on Expansive Land in Otaheite, Trinidad and Tobago

This exceptional property offers a compelling investment opportunity in the desirable Otaheite region of Trinidad and Tobago. Comprising a three-apartment building situated on a generous one-acre freehold parcel, this property presents a multitude of possibilities, from immediate rental income to future development potential. Its close proximity to major highways, shopping areas, and stunning sea views of the Gulf of Paria and the Northern Coast of Venezuela further enhances its appeal.

A Versatile Property with Multiple Income Streams:

The existing three-apartment building provides immediate rental income potential, making it an attractive option for investors seeking a steady return. The property is also ideally suited as a holiday home, offering a tranquil retreat with convenient access to local amenities and attractions.

Expansive Land with Development Potential:

The expansive one-acre freehold land offers significant development opportunities beyond the existing building.

* Townhouse Development: The rear of the property provides ample space for the construction of townhouses, catering to the growing demand for modern and convenient housing options. This development could significantly increase the property’s value and generate substantial returns.
* Land Subdivision: The large parcel can be subdivided for resale, offering a strategic approach to maximizing investment returns. This option allows investors to capitalize on the increasing land values in the area.

Prime Location in Southern Trinidad:

The property’s strategic location in the southern part of Trinidad offers several key advantages:

* Proximity to Major Highways: Easy access to major highways facilitates convenient travel throughout the island.
* Close to Shopping Areas: Residents and tenants will enjoy convenient access to a variety of shopping centers, supermarkets, and local markets.
* Sea Views of the Gulf of Paria and Venezuela’s Northern Coast: The property benefits from stunning sea views, enhancing its appeal and creating a tranquil living environment.

A Blend of Natural Beauty and Modern Convenience:

Otaheite offers a unique blend of natural beauty and modern convenience. Residents can enjoy the tranquility of the surrounding landscape while remaining within easy reach of essential amenities and attractions.

Regulatory Approvals in Place:

All necessary regulatory town and country approvals are in place, streamlining the development process and providing peace of mind for investors. This eliminates potential delays and ensures a smooth transition for new owners.

Investment Highlights:

* Immediate Rental Income: The existing three-apartment building provides a steady income stream.
* Significant Development Potential: The one-acre freehold land offers opportunities for townhouse development or land subdivision.
* Prime Location: Close proximity to major highways, shopping areas, and stunning sea views.
* Regulatory Approvals: All necessary approvals are in place, streamlining the development process.
* Holiday Home Potential: Ideal for use as a private retreat or vacation rental.

Exploring the Development Possibilities in Detail:

Townhouse Development: The rear portion of the one-acre plot provides ample space for constructing several townhouses. This development could cater to various market segments, including young professionals, families, and retirees. The design and size of the townhouses can be tailored to meet local market demands, maximizing their appeal and potential rental income.

Land Subdivision: Subdividing the land for resale offers a strategic approach to maximizing investment returns. This option allows investors to capitalize on the increasing land values in the Otaheite area. The subdivided plots can be marketed to individual buyers looking to build their own custom homes.

Capitalizing on the Location’s Strengths:

The property’s location in the southern part of Trinidad offers several key advantages for both residents and investors. The proximity to major highways ensures easy access to other parts of the island, including the capital city of Port of Spain. The nearby shopping areas provide convenient access to essential amenities and services. The stunning sea views of the Gulf of Paria and the Northern Coast of Venezuela create a truly desirable living environment.

A Secure and Stable Investment:

The presence of all necessary regulatory town and country approvals provides