Bungalow with 2 Studio Apartments in Portsmouth
Located in Grange, Portsmouth is this almost completed bungalow consisting of 2 fully self-contained studio apartments. Each apartment contains 1 large room, kitchen and a full bathroom.
The bungalow sits on a 5,000 sq ft excavated lot, adjacent to a newly built road. The land is enclosed by a perimeter wall to the west and a retaining wall to the north with the road and fencing in between.
The building has an external area of 1,452 sq ft including porches and a storeroom of 242sq ft. The entrance access to each apartment is located on opposite sides of the building ensuring full privacy for each unit. A flat, concrete roof allows for the construction of another story which will provide fantastic views of the Caribbean Sea.
Both apartments are attractively tiled throughout. One of the units has a fully finished bathroom while the second unit requires completion of the bathroom. Finishing touches for both of the apartments include kitchen cabinetries, electricals, interior painting and bathroom doors.
Apartment rentals are currently in high demand and rental income could be generated immediately upon completion of these 2 units. The buyer could easily continue to develop the property further by constructing an upper level with additional rental units or even construct a personal apartment.
Grange is just a 2-minute drive from the center of Portsmouth where shopping, banking and other essential services are available. There are also beautiful beaches located nearby. The Douglas-Charles airport is about 30 minutes’ drive away.
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