Land For Sale in Warwick - Real estate in Bermuda

Christies Sinclair Realty

Land For Sale in Warwick

Warwick Parish, Bermuda
Price: $1,400,000
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Location:
Warwick, Bermuda
Type:
Land
Availability:
Bermudian
Property Reference:
ks_10511 - #34867

Property Description

LOT 2 OTHERWISE KNOWN AS NORTHERN LARGE LOT RES 2! A mostly south facing lot that is wide as it is long; the gem of all five lots with something of almost everything; quiet; a very gentle sloping, fertile center; firm stone around sides for building or quarrying; grand 100+ year old trees; fruit trees; views; subtropical forest; Caledonian Pines; protected garden area; and enough land to spread out with picnic areas, gazebo, and horse jumps. It even has a small area for green electrical wind generation due to the rock cuts on the north-east side. The zoning is Res2 with greater than half of it without any conservation overlay if combined with Lot 1 to get 3.2 acres. The conservation overlays are agricultural and woodland reserve on the southern half. Bermuda Caribbean Engineering Consultants Limited estimated a maximum building capacity of 17 units for this lot alone. Area totals 1.156 hectares which is greater than 124,400 square feet. A great idea would be a boutique garden hotel that makes the most of the Riddles Bay Views to the northwest, the green energy possibilities, the former well for water demand, and the steep hill to the south for a waterfall feature, with winding paths for residences to have solace. If the southern hillside lots are purchased then hiking trails, a water catchment with gravity feed water to the guesthouse (imagine, no need for electricity for water pressure), and a restaurant at the top could be world high class. If a good health emphasis was included it could become world renowned. By the looks of the stone quarried away for the condos to the north and below this lot, the stone is good to sell as well. *Please Note* All information provided by my Vendor.  

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Price: $1,400,000
Morston Financial
Buy this property for $5,873 pcm

To find out more about mortgages through Morston Financial, contact us today at mortgages@morstonfinancial.com or visit our website at morstonfinancial.com

Monthly repayment is an estimate for guidance only. Calculation is based on an interest rate of 5.25%, 30% deposit over a 25 year period.

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