Cole Bay Commercial
Cole Bay Sold

Property Reference No: 26
Property type: Commercial


A commercial building of 3 levels is built in this 1 acre size commercial property.
The latest use was an automobile show-room including 2 large triangular show-windows at the mid level
The lowest level (semi-basement) accommodates 2 offices, a workshop and storage space.
The top floor is utilized as office space, with five office spaces, seminar room, bathrooms and pantry.
To the rear of the above (but attached) is a warehouse space-a 2 storey steel structure inside which is a small concrete structure housing staff locker-rooms and canteen (70m2)
The main space (800m2) is designated for auto-repair.
The building is well-equipped with hurricane screens, fire protection and emergency generator.
The building has been fully renovated in the year 2006.
It is constructed of reinforced concrete and block work with roofs framed in timber and clad in profiled metal sheeting.
The entire property is concrete paved, with minor retaining elements, fencing and railings and a modicum of planting.
Appraised market value: US$ 4,075,000. Appraised quick sale value: US$ 2,850,000. Selling price: US$ 2,650,000.

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