9 Bed House For Sale in St. Georges - Real estate in Bermuda

HSBC Bank Bermuda

9 Bed House For Sale in St. Georges

Price: $1,500,000
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St. Georges, Bermuda
Property Reference:
moura_1088-1769 - #36324

Property Description

Hear ye, Hear ye!Looking to live/ invest in the Ole Town of St. Georges?  Interested in capitalising on short term revenues associated increasing yacht arrivals thanks to the SuperYacht Marine? Or perhaps securing a long term investment, with ever-increasing rental demand in the East associated with St Regis or those who work from home. Built in the 1730s, the property sits on 0.119 Acres and is Grade II Listed, although it has been upgraded and changed significantly over the years. At one time this property operated as The Customs House of Bermuda, prior to becoming the BELCO showroom. More recently Blockhouse was a successful AirBnB.  Blockhouse underwent a major renovation in 2014/2015, with all electrical, plumbing and flooring being upgraded.  There are split system a/cs throughout and all new bathrooms and kitchens featuring modern stainless steel appliances. In addition there are washer/ dryer facilities in the 5 bed and 3 bed apartments.Blockhouse is currently configured as 5 bed/ 2 bath apartment set over a ground floor and upper level3 bed/ 1 bath upper level apartment1 bed/ 1 bath ground floor apartmentGround floor commercial space /studio style apt with dual access pointsWith renovation, the vacant commercial space would be perfect for a small hospitality business with a lovely garden aspect for outdoor dining; or perhaps an artist’s gallery with large beautiful wooden windows and 14 foot ceilings which drawn in the natural light. Alternatively, the vacant commercial space could be converted (with planning approval) into 2 studio apartments to maximise revenue potential, with each studio featuring a separate entrance and private outdoor garden space. The property operated as a successful/ popular AirBnB between  2015-2019 offering guests the opportunity to reside within the historic old town, enjoy architectural features of high tray ceilings, wooden windows and working fireplaces accompanied by the modern conveniences of split system a/cs, new bathrooms and kitchens and in-apartment washing facilities – whilst enjoying waterviews from the upper level.  The property is a highly desirable, well maintained investment property.

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Price: $1,500,000

Keller Williams Bermuda

Morston Financial
Buy this property for $7,421 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 7.00%, 30% deposit over a 25 year period.

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