Property Overview: Lot 7, Area 'C', Plantation Vryheid's Lust, East Coast Demerara
This property, located in the dynamic neighborhood of Plantation Vryheid's Lust, East Bank Demerara, is a prime investment opportunity. With a total land size of 105 ft x 50 ft, it features two structures offering multiple rental units. Surrounded by thriving businesses and essential services, this property combines convenience with income potential.
Property Specifications:
Front Property:
Dimensions: 40 ft x 38 ft
Back Property:
Dimensions: 42 ft x 35 ft
Rental Unit Breakdown:
Unit 1: 2-bedroom apartment, $80,000 GYD/month
Unit 2: 2-bedroom apartment, $80,000 GYD/month
Unit 3: 2-bedroom apartment, $30,000 GYD/month (potential for $50,000 GYD; rent unchanged for 4 years)
Unit 4: 2-bedroom apartment, $50,000 GYD/month (potential for $60,000 GYD; rent unchanged for 3 years)
Unit 5: 2-bedroom apartment, $120,000 GYD/month
Unit 6: 1-bedroom apartment, $60,000 GYD/month
Unit 7: 1-bedroom apartment, $65,000 GYD/month
Location Benefits:
The property is centrally situated near a wide range of amenities, ensuring convenience and high demand for rental units. These include:
Massy Stores and supermarkets
Educational institutions
Health Centre and pharmacies
Mechanic shops
Entertainment options such as bars and clothing stores
Taxi services and car washes
Beauty services including hair salons
Hardware stores and other commercial businesses
Police station for added security
Investment Highlights:
High-demand area with diverse amenities nearby
Reliable rental income with opportunities for increases
Excellent accessibility via public and private transportation
Situated in a commercially vibrant environment
Summary:
This property offers a strategic mix of residential and investment opportunities. Its central location, combined with the robust rental potential and nearby conveniences, makes it ideal for long-term returns. Don't miss out on this prime piece of real estate in a thriving community.