BANKFORECLOSURE PROPERTY FOR SALE IN KINGSTOWN

Property Details
Location : Kingstown - White Chapel
Ref : HFHK
Land Size : 11,352 sq.ft.
Building size: 16,786 sq.ft.
Price : OFFERS INVITED

 

 

 

 

PHOTO GALLERY

 

Description :

This commercial property is located in Kingstown and comprises of two stories, with a land area of 16,786 sq.ft. and a building size of 11,352 sq.ft.

The property is accessible from the White Chapel road unto which it fronts. It is located adjacent to the former Lyric Theater building.

Accommodation:

The property comprises of two floors comprising of the following:

Ground Floor(8,393 sq.ft.): a department store, office, bathroom facilities, kitchen and store-rooms.

First Floor(8,393 sq.ft.): a department store, store-rooms and bathroom facilities.

Construction:

Foundation- reinforced concrete strip
Floor- concrete slab with terrazzo, ceramic tiles, and plastered finish
Walls- concrete blocks
Windows- steel frame awnings
Doors- panel timber doors, and glazed aluminum shop front doors
Roof- flat roof, galvanize and reinforced concrete slab

Gradient of Land:

The land has a flat topography. There is a reduced risk of flooding. All surface water is drained from the site via concrete gutters to the main storm drains of Kingstown.
State of Repairs:
Overall, the property is in a fair condition. There are at two leaking roof cracks, and there is a need for repairs and modernization of the building.

Occupation: The property is currently in vacant possession

Area Analysis:

The property is located in Kingstown, which is in close proximity to all the amenities in the town, including the central market, shops, schools, recreational facilities, etc. The area to which it is situated is mainly suited for commercial land use. The necessary domestic services are available such as electricity, telephone, and water. The neighborhood is primarily commercial in nature.

Market Demand:

There is a high demand for rental space in this area, specifically for office and shop use. Potential occupiers looking for commercial space of this nature will likely be for shops, boutiques, and offices.

Overall, based on the location of this property in the Central Business District, a fair investment value is expected.

 

LISTED PRICE : OFFERS INVITED

PRICE : INVITED TO MAKE AN OFFER

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