Description:

With its prime location, scenic surrounds and array of modern amenities, this 80-unit apartment complex is an excellent investment opportunity for a savvy, astute buyer.

Situated within an up and coming neighbourhood, close to the commercial hub of Friar's Hill Road, Serendipity Place is also readily accessible to the capital, St John's, along with residential and resort areas.

The total land spans 2.25 acres and includes four detached buildings, a separate commercial building, an18,000 gallon swimming pool, and 14,000 sq ft of parking space.

Currently, around 75 per cent of the units are occupied by short and long term tenants who enjoy a host of facilities including high speed internet, cable TV, telephone connection, air-conditioning, and a back-up generator. A gated community, Serendipity Place attracts families, the business traveller, students, couples and singles alike. The properties benefit further from private patios, an on-site laundromat and 24-hour security.

The two and three-storey apartment blocks contain one and two-bedroom units with a combined living area of almost 50,000 sq ft. The single storey commercial centre spans around 4,000 sq ft and is divided into five individual units.

These stylish, contemporary buildings are accessed via a gentle slope, from a secondary public road.

Call Luxury Locations today for more information about this fabulous income-producing investment.