$1,450,000
Simons Lane
- BEDS: 12
- BATHS: 8
- Listing Category: For Sale
- Listing Type: KWW Exclusive
- Features: Air Conditioning | Centrally Located | Income Apartment | Near Bus | Near Public Transportation | Near Shops | On Quiet Road
- Property Type: Residential Income
- SubType: Multi-Family
- Status: Active
Valley Cottages Simons Lane Paget, Bermuda
Welcome to Valley Cottages, a bespoke guest house situated in the heart of Paget, perfect central location for tourist accommodations.
The property is well maintained and has been much loved tourism property for decades, with a current hotel licence in place. All apartments are fully occupied and this unique investment opportunity is currently returning a NET ROI of 9.7%.
Comprising 8 apartments in total, the the current configuration is:
- One 2 bed/ 1 bath standalone cottage
- Three 2 bed/ 1 bath apartments (upper and lower)
- One 1 bed/ 1 bath upper apartment
- Three studio apartments
- Shared laundry
- Small office
- Ample bike parking onsite
The thoughtful garden with mature plantings and hedging creates privacy for guests, and unique spaces for enjoying outdoor living.
In addition, Valley Cottages is situated a 1min walk from Marketplace, Gas Station, Bus Stop and Oleander Cycles. A 5 min walk will find you at Lower Ferry, the Railway Trail or ScooterMart. And a 10min walk will land you on Elbow Beach!
Opportunities abound for vacation rentals, AirBnB, short or medium term rental options!