Tobago Property For Sale

$12,500,000

Overview

15004 Sq Ft
Land Area

Details

Price $12,500,000
Land Area 15004 Sq Ft
Property Type Office Space, Retail Space, Commercial
Property Status For Sale

Description

Discover an unparalleled commercial opportunity in Tobago’s thriving real estate market with this exceptional property.

Nestled in the vibrant and exceptionally desirable locale of Store Bay Local Road in Canaan, Tobago, lies an extraordinary Tobago property for sale now poised for an auspicious sale. This distinguished real estate offering, encompassing the strategically significant Lots 19 and 20, presents an unparalleled opportunity for astute investors and dynamic businesses who envision establishing, consolidating, or significantly expanding their footprint within a truly bustling and demonstrably high-demand area. With its commanding and central position, located just a brief and convenient distance from the highly trafficked Milford Road, this Tobago property for sale is not merely a piece of land but a gateway.

The property’s strategic location defines its immense commercial appeal and accessibility.

The very essence of this offering is defined by its prime location. Store Bay Local Road is renowned for its accessibility and its pivotal role in connecting various facets of the Canaan area. The proximity to Milford Road, a major thoroughfare, ensures that this Tobago property for sale is easily reachable, facilitating smooth operations for businesses and convenient access for clientele. This area of Tobago is not just a geographical point; it’s a nexus of activity where commercial potential converges with a strong community presence. The immediate surroundings are a testament to balanced growth.

Benefit from a dual-lot configuration that offers unparalleled versatility and functional space.

Furthermore, the property’s unique composition across two distinct lots, amplifies its versatility and appeal, setting it apart as a premier Tobago property for sale. The uniform rectangular shape of both lots, coupled with their flat topography and efficient natural drainage, simplifies development and operational logistics, providing a stable and ready-to-use foundation for any commercial enterprise. The inherent design and current utilization of these lots underscore their highest and best use as a commercial hub, signaling immense potential for various business models, from retail and hospitality to office spaces or mixed-use developments. This dual-lot configuration truly makes this a versatile Tobago property for sale.

Experience expansive, multi-level commercial space designed for diverse business operations.

The commercial building itself, a testament to robust construction and thoughtful design, stands in excellent condition despite being over a decade old. Its multi-level configuration is a masterclass in maximizing usable space, offering distinct yet interconnected areas that can cater to a wide array of business needs. The ground floor, spanning 301 square meters, presents a vast canvas for retail operations, promising high visibility and easy access for walk-in customers, complemented by essential washroom facilities. This makes it an excellent choice for a Tobago property for sale intended for public-facing businesses.

Key Features:

Strategic Location: The property is strategically situated on the southern side of Store Bay Local Road, approximately 520 meters southerly from Milford Road. The immediate neighborhood is characterized by a mix of varying income residential and commercial properties, indicating a vibrant and growing area. Demand for property in this specific location is noted as good.
Optimal Use: The highest and best use for this property has been identified as commercial, aligning with its current.
Generous Land Area: The property spans two distinct lots, both owned by the same owner, each offering substantial space.
Comprehensive Commercial Building on 1st Lot: The well-maintained commercial building standing is over 10 years old and in good condition. It offers extensive space across four levels designed for diverse commercial activities:
- Ground Floor: This level encompasses 301 m² of commercial retail space, complete with washrooms.
- First Floor: Also 301 m², this floor provides commercial space, and includes washrooms.
- Basement: An estimated 105 m² (estimated at 120 m² in building details) of commercial retail space is available in the basement, along with washrooms.
- Roof Top: A spacious 440 m² open-air commercial space on the roof top, equipped with washrooms, offers unique potential.
Solid Construction: The building features a robust construction with an assumed adequate foundation, a reinforced concrete roof, and reinforced concrete flooring with tile finishes. The external and partition walls are constructed of block work, rendered and painted, complemented by shop front glass. The property includes a variety of timber, glass, and metal doors, glass windows, and reinforced concrete and steel staircases.
Full Utility Services & Amenities: The property benefits from readily available essential utility services including water, electricity, and telephone. Additionally, crucial amenities such as schools, banking facilities, and local shopping options are conveniently located within a 3 km radius.
Excellent Access: Access to the property is seamless via Store Bay Local Road, which is asphalt paved and in good condition, ensuring easy transit for customers and operations.
Freehold Tenure: The subject property’s land tenure is Freehold.
Investment Opportunity: This property is being listed at an attractive price of TTD 12.5 Million. Owners are motivated to engage with serious offers.
Significant Rental Income Potential: The property boasts a potential rental value of TTD 70,000 – TTD 75,000 per month.

Benefit from solid construction, full utility services, and excellent access that underpin seamless operations.

The structural integrity and build quality of the property are evident in its construction. With a reinforced concrete roof and flooring finished with durable tiles, the building promises longevity and low maintenance, a crucial factor for any Tobago property for sale. The external and partition walls, crafted from block work, rendered and painted, present a clean and professional aesthetic, further enhanced by modern shop front glass that invites natural light and showcases commercial displays. A blend of timber, glass, and metal doors, alongside ample glass windows, contributes to an open and inviting atmosphere throughout.