About this Property
🏡 FOR SALE: Prime Freehold Land in Cunupia – Perfect for Multi-Family Development!
Location: Off Chin Chin Road, Cunupia
Size: 9,065 sq ft
Price: $550,000 (Negotiable, especially for cash buyers!)
🔑 Key Features:
Freehold Land: Secure ownership with this freehold parcel, offering full control over your investment.
TCPD Approval: The land has been granted approval by the Town and Country Planning Division (TCPD) for a multi-family residential building, making it an attractive option for developers or investors.
Financing Available: Lenders are willing to finance up to 90% of the land’s value, making it easier to secure this property. However, please note that this financing applies only to the land purchase, not to construction costs.
💡 Understanding the Approvals:
TCPD Approval: This approval confirms that the land is suitable for certain types of development according to national guidelines. It’s an important step in the development process.
Regional Approvals: These are additional approvals needed from local or regional authorities, typically concerning infrastructure like roads, drainage, and utilities. While the land has TCPD approval, it does not yet have these regional approvals, which are required before construction can begin.
🛠 Negotiable Terms: The owner is open to negotiation on price, particularly for cash buyers. This flexibility presents an excellent opportunity to secure a great deal on this prime piece of land.
⚠️ Note: Pre-screening is required before scheduling a viewing appointment.
About the Region
Cunupia
Cunupia is a town in central Trinidad. It is part of the Borough of Chaguanas. Cunupia is just northeast of Chaguanas proper. Like Chaguanas itself, Cunupia has experienced rapid growth in recent years, especially in terms of residential developments. You can find many variety stores, the famous Sheik Lisha Ltd., restaurants, supermarkets and places of worships in this community. Cunupia is also a route that can easily take you to different parts of central Trinidad.
