‘Immaculate’ group of apartments on offer
Four Warwick homes in “immaculate” condition are now on the market.
They are part of Bri-ton, a group of apartments Joy Lusher Real Estate Ltd is selling for $1.295 million.
It’s estimated the 9 Hillview Road property would bring in more than $8,000 per month if all the units were rented; a great investment opportunity according to the realtor.
“Bri-ton is a four-apartment property that was originally a two-bedroom, one-bathroom cottage built in the mid-1960s,” said realtor Beth Gosling.
“After extensive renovations, it has been completely transformed into a beautiful two-bedroom, two-bathroom main house with large living room, dining room, open-plan custom kitchen, separate laundry and storage room.
“A two-storey addition, completed three years ago, added two spacious one-bedroom, one-bathroom apartments with open-plan custom kitchens, living rooms, and laundry rooms, each beautifully finished and furnished. To maximise space available, and for additional income potential, the owner developed a third one-bedroom, one-bathroom apartment below the addition, cleverly maintaining a nine-foot ceiling height.”
The third apartment does not have an assessment number but was built with planning permission, the realtor added.
The property sits on 0.2 of an acre with “plenty of yard area and parking”.
There’s also a pergola on the outdoor entertainment deck.
“The main house and apartments have been generating $7,500 per month rental income with one apartment owner-occupied,” Ms Gosling said.
“If all were rented, the income could be between $8500 and $9000 per month.”
Listing price: $1.295 million
Total square footage: 3,200
Available to: Bermudians
Lot size (in acres): 0.2
Contact: Beth Gosling on 335-3588 or beth@joylusher.com. Alternatively, visit www.joylusher.com