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Valley Cottages

Simons Lane
Paget, Bermuda

$1,450,000
9090

Amenities

  • Air Conditioning
  • Centrally Located
  • Income Apartment
  • Near Bus
  • Near Public Transportation
  • Near Shops
  • On Quiet Road

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!

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