Located in Cole Bay the land is on a gently sloping hill near the upscale Almond Grove Estate. Total of 1002 square meters of land with an existing 1 bedroom hillside cottage.
Condition: The 1 bedroom cottage needs cosmetic refurbishment, however, the prime value is in the land and views!
First one to see will buy! The endless ocean views are further enhanced during sunsets
Rare opportunity to build a large family villa or 6 apartments on top of the existing structure.
6 two-bedroom apartments will make you $12,000 in guaranteed rental income per month.
In ONLY 6 years you will have paid back the cost of construction and the land!
Land in Cole Bay is in high demand, we have buyers waiting.
Attention to detail and client’s needs are the hallmarks of Ritika Nanwani, Century 21 Island Realty’s Head Broker. With 12…