The units are not currently rented short term but this is where the investment return is at its strongest being on the main strip surrounded by Chinese, Indian, Tex Mex restaurants, with a beach bar/restaurant not 100 yds away and the famous Reduit Beach being less than a 50 metre walk.
This part of Rodney Bay has hotels such as Blue, has restaurants like the famous Memories Of Hong Kong, the equally well known tandoori of Razzmatazz to name but few. The buzzing atmosphere of Mathews is a five minute walk away, the latest Englishman to show how the Brits run a fun restaurant, bar, sports bar and make it work!. Banks, shopping and the Marina is close by and there is a police station 100metres away for those who love security.
The units themselves are pretty and feel like beach homes with a wonderful whitewashed feel and are also lovely and breezy.
There is room for expansion with the ability to raise the floor and so having potentially at least three more units.
Electric gates keep the cars secure with plenty of off street parking.
The potential ROI here even without increasing the density by three more units is impressive. If one considers each unit could rent for 200usd per night, potentially generating 1000usd per night in total, 7000usd per week and 28,000usd per month then for 8 months the returns could be over 200,000usd or 20% per annum ROI.
If one is looking for a rental property that should do very very well in the short term holiday market, this is it!!!!
Have a look at our walk through video.
Key InformationProperty ID: 25974546
Location: St Lucia, Gros-Islet, Rodney Bay
A stunning development of 5 apartments. 4 are two bedroom and the other is three bedrooms , share a "mansion style" entrance and one has its own entrance and is located over two floors in townhouse style.