Morne Rouge
Bedrooms
1
Type
Villa
Total area (acres)
0
Total area (sq ft)
375
Status
Completed
Min invesment years
1
Ownership
Full ownership
The project is represented by a newly built condominium on the seafront, which includes 21 fully furnished apartments. The complex is located just a few steps from Morne Rouge Bay.
All apartments are fully furnished and have a panoramic terrace or patio with stunning views of Morne Rouge Bay. The units represent a full ownership option, the buyer has to pay a monthly condominium fee which is used to maintain the common parts of the complex and varies depending on the size of the unit. The developer offers comprehensive management services on behalf of the owners with a stable 100% occupancy 12 months a year, including waiting lists for the year, resulting in a gross annual return on investment that ranges from 3% and 5% depending on the cost of renting an apartment. All apartments are rented for long-term, starting from a minimum rental period of 6 months.
Available:
Studio 35 sq.m. $290,000 (or $440 000 in the case of two buyers )
Studio 93 sq.m. $564,000
Studio 70 sq.m. $474,000
It is possible to purchase half of the studio. For example, the cost of a studio is $474,000. Half the cost would be $237,000.