$1,050,000
Southcourt Avenue
- BEDS: 1
- BATHS: 2
- Listing Category: For Sale
- Listing Type: KWW Exclusive
- Features: Centrally Located | Income Apartment | Near Public Transportation | Near Shops
- Property Type: Commercial, Residential
- SubType: Single Family Detached
- Status: Active
Erin Southcourt Avenue Paget, Bermuda
** UNDER CONTRACT **
Just a short walk from KEMH this property is located across from Point Finger Road and with nine parking spaces, your ideal commercial space awaits. The practical layout has a waiting room, staff room, renovated bathroom and five sunny treatment rooms which measure 1,120 sq. ft. in total. On the upper level is an income earning one bedroom apartment of 468 sq. ft. In addition there is 390 sq. ft. of storage below the treatment rooms. The building is excellently positioned at a busy intersection for great advertising potential of your business. Opportunities to own a property so close to the hospital with parking do not come up often so be sure to book your viewing today.
• Lot Size: 0.15 acre and it is zoned Residential 1
• Assessment #s: 071036016 & 071036113
• The Dental Surgery Office is listed as commercial and has an ARV of $74,000
• The Upper Apartment is listed as residential and has an ARV of $12,900 (thus falls under the threshold for a Rent Control property)
• The approximate square footage of the apartment is 468 sq. ft.
• The approximate total square footage of the waiting room, staff room, bathroom and five treatment rooms is 1,120 sq. ft.
• There is also two underground storage areas with the approximate total square footage of 390 sq. ft.
• In addition there is a garage on South Road that is in need of repair.
• The apartment rental rate was set at $1,600 and the tenant is on a month to month lease.
• The apartment consists of one bedroom, a small dinette, bathroom and kitchenette
• There are 8-9 parking spaces on the western side of the building.
• The flooring in the office / treatment area was redone in 2023
• The office bathroom was renovated in 2023 as well