About this Property
St. Augustine Apartment Building Investment Opportunity! 55 @ 1 & 2 Bed. Apts. – 13.9 m
This four-level apartment building is located on Watts Street, within easy walking distance of the UWI. The 10,176 sq ft of land extends from Watts Street on the south to Lyndon Street on the north. The 21,950 sq ft apartment building is located on Watts Street and a high-performance auto mechanic garage is located along Lyndon Street, occupying a 9,740 sq ft single story Building.
- Listed at Recent Valuation Price
- Current total rental income – $100,000 per month
- Potential rental income (as is) – $130,000 per month
The potential return on investment can be optimized by carrying out moderate upgrade and refurbishment works.
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.
