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.
Located in a residential area on the island of Aruba in the southern Caribbean.
The apartments are always in demand as they provide well priced, quality housing for local residents.
The ground has room for additional apartments which we considered some years.
No planning consent (unless you plan to expand of course!)
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)
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.