Apartment Complex For Sale In Picard
An income property since 2004 on the most beautiful island in the Caribbean. The location was carefully selected to be nestled in the privacy and natural settings on the bank of the Picard River, yet within walking distance to beaches and shops in the Picard area.
The property is a few yards (approximately 50) to the main road leading to Portsmouth. Portsmouth is about 1 kilometer to the north and Roseau the capital about 35 Kilometers to the south. The property is gated with two large metal gates facing customs road, this is the northern boundary, and the southern boundary is the Picard River with more than 180’ of river frontage. To the east lies La Falaise Apartments and the West River Side Hotel.
The property is about 25,000 sq. ft. The fresh cool river water helps during water interruptions from storms. The constant river water flow could also be used to generate electricity. There is also the possibility of a hot spring on the property’s side of the river.
The two buildings’ architecture is a unique artistic style and is distinguished from the rest of the building styles of construction on the island. The sloping roofs large patios, balconies, and colors give it a warm and inviting tropical feeling. The larger building’s reinforced concrete consists of 10 furnished apartments of different sizes and layouts. The smaller building on the first floor is the restaurant with two bathrooms, and on the second floor is a 2-bedroom 2-bathroom apartment overlooking the Picard River as well.
Both buildings have reinforced wooden roofs, their strong structure designed withstood category 5+ Hurricane Maria in September 2017.
The total building living structure footage of both buildings is about 17,000+ sq. ft. built on about 5,000 sq. ft., with about 18,000’ sq. ft. + available land for future expansion. All infrastructure like electric water, wastewater, and grease traps are built-in and ready for any future building expansions.
A fully equipped restaurant with about 3,000 sq. ft. overlooking the sparkling falls of the Picard River, with a capacity of 50+ customers with a separate pizza kitchen for take-out facing the main road. Additionally the restaurant has 2 bathrooms.
There is a concrete paved parking area of about 4000 sq. ft, and there are concrete block walls about 400’ long total by about 5’ on the roadside and about 12’ high on some parts on the riverside. The total footage of the walls is about 5,000’+ sq. ft.
The swimming pool is oval shaped 30’x26’x 6’ with Mexican Talavera tiles on the edge and Mexican clay-tiled around the pool floor. To the side of the pool, access to the structure steps leading down to the river edge for easy access. IT room and housekeeping service and storage area also form part of the property.
Ideal for commercial income and ideally located for persons wanting to be immersed in the west coast beach town culture surrounded by captivating greenery and a pristine river.
Claim this 12 apartment!!
Schedule a tour to view this Apartment Complex For Sale by calling us at 1 (767) 440-0878 / 613-2439 Or fill in the form below.
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