About this Property
Arima is a growing Borough that lies East of Port of Spain, in the foothills of the Northern Range, and is almost at city status. This property is located in Malabar, situated immediately South of the city center, has grown exponentially in the last 15 years and is now a thriving community with all amenities within easy reach.
This property is 1 acre, 1 rood and 24 perches of land on which is built a 13,950 sq. ft. warehouse building that is presently divided into a working plastic factory in the majority of the warehouse with a mezzanine floor above. There are 2 other smaller spaces that are presently rented out to a hardware on one side and a concrete baluster factory on the other side bringing in other monthly income.
The main factory has an open room at the entrance and an air-conditioned office off of the main entrance open room and the actual working factory behind. The building has all of its working machinery and workers and is selling as a viable going concern. The roof is very high so the factory remains fairly cool at all times.
There is also some other income earned through the rental of some of the land to the bar opposite for their customer parking and a couple of “food” stalls in the lot.
One can also apply for the remaining land to be used either in expanding other commercial areas or maybe applying for apartments or townhouses to be built as there are 2 other unused entrances to the 2 other sides of the building as this is a corner property.
As a real estate investment, this is a very valuable property. As a business investment, this is a very viable investment. Reasonably priced for a quick sale as the owners are ready to retire but are willing to help anyone taking it over as a plastic factory, if they need help to start. However, the workers have been there for many years and know the workings of the factory and the equipment, so a purchaser can really just walk in and continue the production if they keep on the factory workers.
Only serious enquiries will be answered and financials will only be given out to serious buyers.
About the Region
Arima
Arima, officially The Royal Chartered Borough of Arima is the easternmost and second largest area of the three boroughs of Trinidad and Tobago. This town is well known for its shopping areas located in the inner most portion of the town.
It serves as a main trading hub for environs which makes the town considerably busy. Many persons visit Arima to relax and enjoy the wide array of local bars and street food offered such as burgers, doubles, gyros etc.
Home to the famous drag malls, persons can visit Arima to purchase items of Rastafarian heritage.
Arima, has primary and secondary schools, hospitals, police and fire services readily available.
It attracts persons from all over as it hosts exciting borough day & Jouvert celebrations
Fun fact, Arima is home to the indigenous people known as the “Caribs”. They are mainly found in the area of Arima called Calvary Hill which attracts many tourists as the Caribs were a well-known tribe in their time.
