Scotia Bank Building
Location: Castries
Reference #: CCA_004
Bedrooms: 5
Bathrooms:3.5
Land Surface:5,589 sq.ft.
House Surface:
8,432 sq.ft.
Price: ECD 5,000,000
Description of House and Location:
This is a unique opportunity to purchase a landmark building in the centre of Castries commercial district.
The building is located at the corner of Chaussee Rd and High Street and is locally known as the Scotia Bank building.
The property is a very attractive two story concrete building with extensive glass frontages and is approximately 8,423 sq ft on a plot size of 5,589 sq ft.
The interior of the building offers good quality, fully air conditioned, office accommodation.
| The building is currently tenanted by the Scotia Bank, until the end of June 2009. The current lease provides an option to renew for a further 5 years at the end of the current period. This rental income provides an excellent gross ROI of 8.55% now and 9.84% from July 2009.
The vendor has indicated that it would be possible to add a further story this property providing an additional 4,000 sq ft. |
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