$995,000
Union Street
- BEDS: 8
- BATHS: 4
- Listing Category: For Sale
- Listing Type: KWW Exclusive
- Features: Centrally Located | City Center | Income Apartment | Near Restaurants | Near Shops | Needs Renovation | Storage Room
- Property Type: Commercial, Residential
- SubType: Business, Multi-Family
- Status: Active
Metropolitan Building Union Street City of Hamilton, Bermuda
Situated on the corner of Elliot Street and Union Street in the City of Hamilton, the Metropolitan Building presents a compelling opportunity for the astute investor.
Comprising 9 assessment numbers, featuring four 2-bedroom, 1-bath residential apartments and five commercial spaces, all currently vacant and ready for your vision.
Each of the 3 levels offers 2438sq feet with an additional 1380sq feet located in the basement, offering the potential for additional revenue or bonus storage. The total internal square footage of the building is approximately 8,694sq feet.
The property is equipped with 10 Belco meters as well as 3-phase power, a freshwater well for unlimited water supply, the property is also connected to the city sewer system, ensuring convenience and reliability.
As an iconic landmark in North-East Hamilton, the Metropolitan Building was built in the 1940s and initially operated as a distribution point due to its premier location within the city.
Recent boundary and structural surveys have been completed, making this property ready for a new owner. The Metropolitan Building can also be an ideal choice for staff accommodations, with potential to convert commercial spaces into additional residential units.