This is a great opportunity to invest in income-generating student or visitor accommodation on the island of Nevis with tenants in residence.
Situated in Newcastle in the north of Nevis, this building is tailored to and popular with medical students attending the Medical University of the Americas and could also be used for short or long term vacation rentals.
This well maintained apartment building comprises 4 apartment units, offering a total of 8 bedrooms.
The property is a beautifully presented detached concrete build with a galvanized roof offering 5,283 square feet of construction on 0.365 acres of land.
Each of the 4 large and spacious self-contained double apartments feature a sitting area with sofa and flat screen TV, a dining area, screened veranda and 2 large bedrooms with en suite bathrooms including shower, toilet and wash basin.
The apartments come furnished to a high standard and equipped with fridge freezer/microwave, LPG gas stove, cupboards, laundry drier, washing machine, US standard Queen size beds and walk-in clothes storage closets.
The building benefits from exterior installed Kohler 38kw auto standby generator.
The property also includes a very large car park.
The site offers potential for further development.
An alien landholding license fee is presently waived until end December 2022 but must be registered with the Administration.
Citizenship is also offered on buildings valued over 400,000 USD.