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Serviced Apartment for Sale in New Castle, Saint Kitts and Nevis

For Sale: Detached 4 double apartment 8 bed building for medical students /short term lets.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 2 - 5
Legal Entity General Partnership
Reported Sales USD 37 thousand
Run Rate Sales USD 37 thousand
EBITDA Margin 40 %
Industries Serviced Apartments
Locations  New Castle
Local Time 4:15 AM GMT
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 700 thousand (Native Currency: USD 700,000)
Reason: - We are becoming 'elderly' and that is the reason for sale !
- All reasonable offers considered.
Includes physical assets worth USD 700 thousand
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Business Overview

- Fully furnished apartments presently catering for and popular with seriously minded medical students.

- Land has the potential to expand. It is located two minutes airport.

- Presently it is fully occupied.

- Willing to advise the new owner.

- The property owner lives in Northwich Cheshire UK but the property is located in New Castle, Nevis (St. Kitts and Nevis) West Indies.

- Our honest and reliable property manager in Nevis will collect rent when offered by hand otherwise we take it by bank transfer.

- The property also has a large car parking space and a space for a pool.

Products & Services Overview

Renting of rooms/beds on a monthly or quarterly basis.

Caters to island medical university students.

Assets Overview

Tangible- Complete building, the land, and furnishings.

Intangible- goodwill.

Facilities Overview

Two floors, semi built-up area (~15,000 sqft), approx. 5 minutes from a medical university. It is located in the north of the island.

Capitalization Overview

- Building/Business owned outright.

- No loans outstanding.

- Well-maintained property. The owners are married and in their mid seventies.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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