Blue Reef Real Estate - Luxury Condominium Development

Luxury Condominium Development – Amelia Gardens, Monier

Location: Monier
Reference #: HMN_006
House Surface: 7,500 sq.ft.
Price: ECD 2,400,000

Description of House and Location:

This is a unique opportunity to purchase a complete high end building of approximately 7,500 sq ft, consisting of five individual condo units for the very competitive price. The property is located in the very scenic and residential development of Amelia Gardens in Monier.

Each unit will be finished to a high end luxury specification to include, granite kitchen counter-tops, hand crafted kitchen units, appliances to include side by side fridge, mahogany trim to cabinets and air-conditioning. The individual units consist of four 2 bedroom / 1 bath condominiums of approximately 1,000 sq ft and one 3 bedroom / 2 bathroom condominium of approximately 2,200 sq ft.

Photographs

This is a very attractive option for any potential investor looking to possibly get into the long term or short term rental market as this property will provide a ROI of approximately 7% on a long term basis and an even greater return if used for short term vacation rentals. Furthermore there is the additional incentive of a 15 year tax holiday on all real estate and income tax (subject to transfer from the developer.) In addition the purchaser of this property will have the first right of refusal to purchase a second condominium building due for completion at a later date. This second building will also have 5 units and will include a 30' x 60' swimming pool, a small restaurant / dining area and a management office.

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