17 Point Pleasant Road is the location of the former U S Navy/Marine Police station at Barr's Bay Park between Markel House and BF&M Buildings. The entire building is available for rent on the open market for the first time. The site is accessible via Point Pleasant Road which runs between the former Bluck's, now ReStore, and the Royal Bermuda Yacht Club. There is some dedicated parking west of the building ONLY. The eastern land area is NOT part of this offer to lease. It must be kept clear.
This location feels far from the hustle and bustle of the City, yet is walkable therefrom. It is a quiet and beautiful location for a business that requires some privacy or provides unique entertainment and/or dining opportunities. A long lease is sought as extensive work may be required to tailor the existing building to the needs of the next tenant.
Asking rent: $11,250 per month, TO BE NEGOTIATED (rent free period for renovations negotiable)
Service Charge: N/A
Electricity: dependent on use between $7.00 and $9.00 per sq. ft. per annum
Taxes: Bermuda Government Land Tax: 9.50% of ARV to be assessed (Est'd $12,825 p.a.), Corporation of Hamilton Tax: 6.75% of ARV to be assessed (Est'd $9,112.50 p.a.).
(ARV Estimated at 135,000, based on asking rents).