Bashed By Irma! Investment Property

Hurricane Damaged 5 bedroom home with 4 apartments - great potential!

Georges Northside,Tortola

ID#:CS2056

$525,000

If you have been following the BVI real estate market since the storms of 2017, you will be aware that most of the really good deals on hurricane damaged homes were already snapped up. However, here’s one that has just come on the market, the owner having only recently decided not to rebuild. Situated high on the hill at Georges Northside and above the beautiful unspoilt beach at Lormer Bay, the property offers beautiful views of White Bay beach on Guana Island and beyond. Nestled nicely on a relatively flat Lot with a very usable garden featuring plenty of fruit trees, this home is perfectly positioned to catch the cooling tradewind breezes.

The home has lost its roof but the two storey structure beneath appears to be largely intact. The upper level was laid out as a 5 bedroom home with generous living and dining areas but could easily be re-arranged. The large kitchen will need replacing but the granite countertops are reusable. The jacuzzi tub in the Master Bathroom suite may even be reusable as it appears to be undamaged.

The property offers great income potential since the lower level consists of a two bedroom apartment, a one bedroom apartment and two studio apartments. Two of the apartments are currently occupied but work is required throughout. There are three large cisterns and there is also a convenient carport on the lower level.

Bring your offers! Call Chris on 340 3000 or email chris@coldwellbankerbvi.com to arrange a viewing.

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