8 Apartment Cupecoy Waterfront Building For Sale

8 Cupecoy Waterfront Apartments For Sale

• 8 lagoon front apartments.
• 2 buildings with a central pathway leading to the apartments on either side.
• 1 boat slip is ready. You can build another boat dock or slip. Mega yachts can use the channel.
• There are already plans available to build an additional 1-bed apartment to make it a total of 9 apartments.
• Plenty of green spaces to relax and enjoy your private outdoor space.
• The owner has plans of a pool towards the front of the property.
• Boat dock can be built for large boats / mega yachts due to double water-rights.
• Building A contains: 4 apartments
• Building B contains: 4 apartments
• Buildings were fully renovated in 2018 to 2020 with new tiling, furniture and appliances. Since then they are maintained to extremely high standards by a maintenance team.

These apartments will get you five star reviews everytime! The views AND location are just incredible.

Located in a sought after part of Cupecoy; these waterfront apartments situated on the calm waters of the lagoon offer a dream opportunity to create a boutique hotel environment reminiscent of tropical Caribbean surroundings. With direct access to the calm lagoon waters you have the ability to build one mega dock for your yacht or two boat slips for your hotel’s needs.

This is an investment with a long-term view. The apartments are already ready to make you an income. And you can build an additional 1-bedroom apartment (with plans available) to make you investment even sweeter! You are guaranteed to have an increased valuation due to its waterfront access and high demand in rentals being only 7 mins walk away from Mullet Bay beach. Only the new Aqua Residences offer the same views.

Structural Details:
The buildings have been completely renovated in 2018 including the structural restoration of the rebar and a new roof with hurricane rated protection. 6 apartments are completely renovated, 2 are in good condition but need interior upgrades.

Rental Details:
Currently all apartments are rented on long term to students with 4 month-rolling contracts. The total rental income is $168,000 per annum. All the apartments are ready for short-term renting due to plans by the owner to convert the property into a boutique hotel. Due to retirement the owners are now looking to sell.