Back to Top

Add to Shortlist View Shortlist
Receive Email Alerts

Listing ID: 101268

Great, Stable Rental Income Apartments in Aruba For Sale

Tanki Leendert, Aruba

BUSINESS SOLD

Revenue: $ 75,000

Cash Flow: $ 0 to 100k

Business Description

This well established, up and running rental income property has 10 one bedroom apartments + office (or 11 one bedroomed apartments if preferred) and is an exceptional Real Estate business opportunity. The apartments are located on the island of Aruba, which is a Dutch protectorate. An economically and politically stable island, these apartments represent an excellent investment with capital growth potential and annual cash flow. You will battle to get the same returns any where else in the world in real estate.
Located in Tanki Leendert, the apartments are rented on a monthly contract by local residents. They are situated close to the beaches, close to Oranjestad (the islands capital) and in a great area. All units are one bedroom apartments of 60m2/ 642 sq ft, very spacious indeed. The office can be rented as a stand alone with a private terrace at the back. All units are fully furnished and all bedrooms and lounges have airconditioning. The units are in demand, and all tenants have contracts. This property land is in a very good area, quiet cul-de-sac, 1789m2/ 19200 sq ft, very spacious and room for expansion. Currently the apartments are managed by on site managers, which can be retained if required by off shore buyers.
This property is an excellent return on investment.

Property Details

Years Established:

2004

Property Type:

Real

Other Details

Business Location:

Located in a residential area on the island of Aruba in the southern Caribbean.

Competition:

The apartments are always in demand as they provide well priced, quality housing for local residents.

Expansion Potential:

The ground has room for additional apartments which we considered some years.

Planning Consent:

No planning consent (unless you plan to expand of course!)

Operation Details

Employees:

N/A

Trading Hours:

N/A

Support & Training:

We will take the new owners through the monthly and annual procedures - not complicated as real estate (not a daily business). Also have on site managers which are paid a retainer (option to keep them on if required)

Miscellaneous

Financing Available:

Yes
Local banks on the island will consider financing suitably qualified buyers

Reason For Selling:

Three years ago we moved two continents away and we have not been ready to sell because the apartments represent good cash flow(and they have given us the flexibility to re-establish in our own time). But we would like to move the capital to this end of the world to reinvest in our real estate plans here.

Related Businesses for Sale

Selling a Business?

Visit the page to Sell a Business in Aruba

BusinessForSale.com

Copyright © 1997 - 2018 Dynamis Ltd and all subsidiaries.

Registered Address:
Dynamis Limited. Dynamis House, 6-8 Sycamore Street, London, EC1Y 0SW. United Kingdom.
VAT No. 747791385 Company
Registration Number: 3788210

MEMBER OF