About this Property
Location: Evans Street, St. Augustine
Price: $16MProperty Features:
🔸 50 Studio Apartments
🔸 Fully furnished units featuring a refrigerator, stove, microwave, and bed; select units also include air conditioning
🔸 4 electrical meters, including 1 commercial-grade meter
🔸 Solid 4-storey steel-frame structure
🔸 5,000 sq. ft. Freehold Land
🔸 Limited on-site parking
🔸 Building age: 15+ years
🔸 Partially tenanted with immediate income potential
🔸 Estimated rental potential of over TT$100,000 per month (subject to occupancy, market conditions, and management)
🔸 Suitable for continued residential rentals or potential conversion to a nursing home or assisted living facility
🔸 Exceptional long-term investment opportunity in a highly desirable location—ideal for building a retirement income portfolio.
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About the Region
St. Augustine
St. Augustine is a town in the Northwest of Trinidad. It is the site of the University of the West Indies at St. Augustine. St. Augustine is home to thousands of university students and is now being converted to a university town as the economy of the area is fuelled significantly by the spending power of the 60,000 plus university population. Many houses in the general university area have been converted to students' accommodation.
You can find St. John's Road in St. Augustine, this is the main access road for Mount St. Benedict, one of the notable historic sites in Trinidad and Tobago. On the mount, one can find a Catholic Church along with a monastery and a factory where yogurt is made. On this road, there is also the St. John Baptist Roman Catholic Church. The church is opposite to a Community Centre and now houses a new field for the residents to engage in football, one of the more popular sports of this area. St. Augustine is also home to the Hugh Wooding Law School, a prestigious law school which attracts many inter-island students of the Caribbean and beyond. Further educational establishments include St. Augustine Girls' High School and Lakshmi Girls' Hindu College. In close proximity to the law school is the Seismic Research Centre, which is the official source of information on earthquakes and volcanoes in the English-speaking Caribbean. It is the headquarters of the Sanatan Dharma Maha Sabha.
Hospitals, Banks, Supermarkets, and many other businesses can be found in this location. The Tunapuna market is just a short distance away on the eastern side of St. Augustine and Curepe junction on the western side where food, transportation and recreational centres can be found.
