Garden Grove

Property Description

EXCEPTIONAL OPPORTUNITY FOR THE SAVVY INVESTOR!

We are pleased to offer for sale GARDEN GROVE in Paget.

This privately owned development of nine loft-style one bedroom townhouses is being offered for sale to the discerning purchaser and represents an excellent return on investment opportunity!

Located on South Road in Paget, within walking distance of restaurants, supermarkets, bus routes, and beaches, and only 5 minutes to Hamilton! Built in the early 1970's, Garden Grove is well-designed, and in a lovely garden setting with ample parking.

All nine units are currently under rent control and achieve $1,850.00 per month - a gross return of over 8% 'as is'.  Each unit can be sold individually which makes this an incredible opportunity to maximise return on investment.

Positioned within 0.471 acres, each townhouse comprises: ground floor: entry foyer, powder room, large living/dining room, kitchen, stacked washer/dryer, glass sliding doors to a private terrace; upstairs a large bedroom and bathroom en suite. Each unit is separately metered, there are two enormous water tanks, and Watlington Water for flushing.

Please call the SOLE AGENT for further information and an appointment to view.
Very competitively priced at $2,295,000.00 gross.

Sue Lusher
c:333-9138

Assessment Numbers -
071245111, 071245219, 071245316, 071245413, 071245510, 071245618, 071245715, 071245812, 071245910

ARV for each Unit -
$21,000 each

Land Tax for each Unit -
$300.00 each