About this Property
This property, located on Suffolk Road in Belmont, is being offered for sale at valuation price.
It sits on a 4,000 sq. ft. freehold lot and features two separate buildings. The front building, measuring 762 sq. ft., consists of two 1-bedroom apartments, each generating a rental income of TT$1,600 per month. The back building, which is 434 sq. ft., houses a 2-bedroom apartment that brings in TT$2,500 per month.
Located in a prime area with convenient access to schools, public transport, and local amenities, this property presents great potential for investors or anyone seeking a steady income stream.
This is an excellent opportunity to acquire an income-generating property at a competitive price.
About the Region
Belmont
Belmont, in north-east Port of Spain, in the Republic of Trinidad and Tobago, is located at the foot of the Laventille Hills. It was the city's first suburb and in the 1840s–'50s, parts of the area were settled by Africans rescued by the Royal Navy from illegal slaving ships. In the 1880s–'90s, the population swelled rapidly, and the characteristic Belmont street pattern of narrow, winding lanes developed. Belmont originally had many large homes but a lot have been renovated and converted to business use with some remaining in family hands. It was the birthplace and early home of many important Carnival designers and bandleaders and has approximately 9,035 inhabitants.
