About this Property
Apartment complex for sale located one minute as you drive into Penal Rock Road, this building is located directly after FCB on the left. This complex is gated with 3 buildings on one property, one supermarket, and two apartment buildings accessed by card key and remote control
The complex is 95% tenanted, with two access points, a gate to the front and a gate to the back which is on Dookie trace. There is multiple parking spaces to the front and to the back of the building
Each unit is self-contained with indoor laundry, they were designed with comfort & privacy in mind, all units come with porcelain tiles & lots of kitchen cupboard space.
With easy access to public transportation, it is also located minutes from:
Bhupsingh Park, The Penal Police Station, Penal Market, KFC, Royal Castle, Subway, Gas station, Southern Food Basket, 3 major schools, Scotia Bank, hardwares, Vidalis Bakery, just to name a few. As an investment property the buyer will be buying a property that is 95% tenanted, with room for expansion & has an established supermarket in front that supplies the neighbouring people with their regular grocery needs, in addition there is a veggie mart, fish depot, and mini mart across the road.
Building #1 Approximately 12,916sqft
Ground Floor
(5) Condo style 2-bedroom, 2 toilet & bath, kitchen & living/dining quarters, indoor laundry, and 1 porch
First Floor
(10) Townhouse styled apartments, 2-bedroom & 1 toilet & bath, kitchen, living/ dining quarters, indoor laundry, 2 porch
Total Apartments 15
Building #2 Approximately 12,862 sqft
Ground Floor
(5) condo style 1-bedroom, & 1 toilet & bath, kitchen, living/dining quarters, indoor laundry porch, 1 porch
First floor
(10) Townhouse, 2 bedroom-&1 toilet and bath, kitchen, living/dining quarters, laundry room, 2 porch
Total Apartments 15
Building #3 (front of building) Approximately 3,500 sqft
Tenanted /established Supermarket
The top of Supermarket has room to make additions, 2 floors could be added
Great investment opportunity, listed price $21.5MTT negotiable
About the Region
Penal
Penal is a town in south Trinidad, Trinidad and Tobago. It lies south of San Fernando, Princes Town, and Debe, and north of Moruga, Morne Diablo and Siparia. It was originally a rice- and cocoa-producing area but is now a rapidly expanding and developing town. The heart of Penal contains many businesses while the outskirts focus on agricultural development. Penal has a market, police station, branches of three banks (Scotiabank, Republic Bank and First Citizens Bank) health facilities, grocery stores, convenience stores, bars, fast food restaurants, service stations, restaurants, puja stores, an Indian expo, and clothing stores.
Penal plays a major role in the energy supply to the nation's populace. Petrotrin, the national oil company, has a major sub-unit in Clarke Road and the National Gas Company has gas lines running through Penal that links the gas fields of the South East Coast and the industrial estates. One of the countries three major power generating plants owned by Powergen Ltd is located at Syne Village to the west of Penal. David Williams – West Indies Cricketer & Drupatee Ramgoonai- Chutney and Chutney Soca singer are both from Penal Trinidad.
