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26397673 - Buy a Flat in Barbados, Saint Michael, Grazettes

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6 bed apartment in Grazettes Terrace

Property Information

Type: Flat Property ID: 26397673
Location: Grazettes, Barbados Added on: 10 Nov 2016
Price: £153,232

Short Description

33 Grazettes Terrace is an excellent rental/investment opportunity. Located 5 minutes to the west coast of Barbados so only a few minutes to get to the stunning Platinum Coast Beaches and 10 minutes away from the vibrant and lively South Coast.

Key Information

  • Property ID: 26397673
  • Location: Grazettes
  • Property Type: Flat
  • Prices: £ 153,232 / € 180,050 / $ 200,000

Full Description

Currently it is fair to say that the property needs modernizing and could achieve a great deal more income than current.

However current rental income is 12,000usd per annum or 4.4% ROI should a buyer wish to retain the current tenants.

There is great potential here however as the house itself is rented as a three bedroom but the two one bed apartments on the lower floor are not utilised.

There is also the structure for a two storey apartment that could be built in the rear of the property which would again have dramatic sea views.

The house footprint is approximately 3000sq ft and the plot is 9000 sq ft.

 

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Property Alerts

  • Flat
  • 6 bedrooms
  • Barbados
  • Grazettes
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