12 Bed House For Sale in Paget - Real estate in Bermuda
** UNDER CONTRACT **
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Welcome to Valley Cottages, a bespoke guest house situated in the heart of Paget, perfect central location for tourist accommodations.
The property is well maintained and has been much loved tourism property for decades, with a current hotel licence in place. All apartments are fully occupied and this unique investment opportunity is currently returning a NET ROI of 9.7%.
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Comprising 8 apartments in total, the the current configuration is:
- One 2 bed/ 1 bath standalone cottage
- Three 2 bed/ 1 bath apartments (upper and lower)
- One 1 bed/ 1 bath upper apartment
- Three studio apartments
- Shared laundry
- Small office
- Ample bike parking onsite
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The thoughtful garden with mature plantings and hedging creates privacy for guests, and unique spaces for enjoying outdoor living.
In addition, Valley Cottages is situated a 1min walk from Marketplace, Gas Station, Bus Stop and Oleander Cycles. A 5 min walk will find you at Lower Ferry, the Railway Trail or ScooterMart. And a 10min walk will land you on Elbow Beach!
Opportunities abound for vacation rentals, AirBnB, short or medium term rental options!
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 7.00%, 30% deposit over a 25 year period.
