Excellent Investment Opportunity (up to 20% ROI) in a High-Yielding Property in Otrobanda

Sale

Available

Excellent Investment Opportunity (up to 20% ROI) in a High-Yielding Property in Otrobanda

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Asking Price:

€ 295000

v.o.n

3 Beds

2 Bath

Description

Excellent Investment Opportunity (up to 20% ROI) in a High-Yielding Property in Otrobanda

This investment property located in the heart of Otrobanda right next to the vibrant Kurá Hulanda Village is not only appealing due to its beautiful location but with a gross initial yield of nearly 7% and a conceivable potential return of 19.9%, it is truly a gem for investors.

The property:
This property consists of 3 rentable units comprising 1 room with a private bathroom, 2 rooms with sleeping lofts each having a private balcony, and a shared bathroom. The property also features a communal new kitchen/living area.

The front yard located in front of the property is formally a building plot with its own house number. There is potential to build additional structures to significantly increase the yield. For example, another house could be built or the existing property could be substantially expanded. If seriously interested, inquire about the sales memo which further elaborates on the impact of property expansion on the returns!

Another unique advantage of this property is the tax benefit! This property is located in the UNESCO World Heritage area and thereby enjoys an exemption from transfer tax.

The location:
This property is situated within the UNESCO World Heritage Otrobanda, just a few dozen meters from the trendy Kurá Hulanda Village where live music is regularly featured and various hotspots can be found. There, you will find very popular (and excellent) restaurants and bars, charming shops, a wellness center, a hotel, and the Kurá Hulanda Museum. Also close by are popular spots like Gouverneur de Rouville, Bario Foodyard, and the brewery/restaurant Swinging Old Lady.

In the immediate vicinity of this property, there is much (luxury) vacation rental activity, and it is known that a significant number of surrounding properties will also be developed further for (luxury) vacation rentals.

Additionally, the Pontjesbrug is within walking distance, making the world-famous Handelskade and the vibrant Punda and Pietermaai accessible on foot.

Over the past few years, prices in Otrobanda, especially between Arubastraat and St. Annabaai, have risen significantly. This part of Otrobanda is part of the bustling historic center of Willemstad. In this part of Otrobanda, properties seldom come up for sale, so a considerable future increase in value is expected.

Have we piqued your interest? Contact us, and we would be happy to discuss the details of this property with you, and perhaps you will soon be the proud owner of this immediately cash-flow-generating property!

A sales memorandum has been prepared for this property, detailing the financial ins and outs. We are happy to provide this memorandum upon serious interest.

Asking price Euro 295,000