5 Bed House For Sale in City Of Hamilton - Real estate in Bermuda

Property Description

Now is your chance to purchase an UNDERDEVELOPED CITY ASSET: MULTI-UNIT, MIXED-USE PROPERTY with a private yard in an economic empowerment zone. Enjoy immediate rental income from two revenue streams. The West Unit features upgrades to the kitchen and bathrooms, such as tiling, flooring, split AC, and cabinetry. The East Unit features high ceilings, a spacious kitchen and ample living space for a family. While it can benefit from renovations, it is best suited to a buyer with a vision for a redesign and offers potential for vertical expansion. The spacious workshop can be turned into a large one-bedroom and also has potential for a second-story addition.

Positioned for the future, the North-East Hamilton Local Plan heavily encourages the expansion of this site into a multi-storey, high-density residential or mixed-use apartment complex. Take full advantage of financial incentives, including Customs Duty Deferments on construction materials and heavily reduced local land taxes. Available to Bermudians, Belongers, BOTC, and Non-Bermudian buyers.