+40
View more
- Featured
- Available
St. Andrew, Kingston 10
New Kingston, Jamaica
$412,500 per slot
New Kingston, Jamaica
A mature real estate market with favourable returns.
Average occupancy 90%
Mature real estate where demand never sleeps, with favorable returns.
Projected annual yield 9.2%
4.2% from capital appreciation and 5% from average rental income.
Investment duration
Recommended standard 5 - 10 years
Property Overview
This luxurious and contemporary commercial building / hotel is located in the heart of New Kingston. This exceptional property combines modern elegance with unparalleled service, making it a premier destination for both leisure and business travelers. Situated in a bustling area, this building is surrounded by popular attractions, shopping centers, and dining establishments. Its central location offers easy access to major transportation hubs, making it a convenient choice for guests. It boasts 48 beautifully appointed rooms and suites, each designed with comfort and style in mind. Guests can enjoy stunning views, plush bedding, and modern amenities including high-speed Wi-Fi, flat-screen TVs, and mini-bars. With its prime location, strong reputation, and consistent occupancy rates, the hotel presents a lucrative investment opportunity. The property is well-maintained and offers potential for further development or expansion.
Financial Details
Total Property Value
$16,500,000
Price Per Slot
$412,000
Aquisition & Legal Fees (3%)
$495,000
Total Cost Per Slot (incl. fees)
$424,375
Projected Returns
Projected Gross Rent
$825,000 (5% of value)
Management fees (7%)
$57,750
Operating/Service Expenses (15%)
$123,750
Projected Net Rent
$643,500
Net ROI Per Slot (on $412,000)
9.2% annually
Additional Details
- Bedroom
- 48
- Bathroom
- 50
- Area
- Int - Sq Ft.
Ext - Lot Size: 12875
Location
New Kingston, Jamaica