Bico Building

This four storey building sits on 205m2 of  land in the heart of the Philipsburg Commercial Center close to banks, and walking distance from the Philipsburg shopping center, boardwalk and cruise ship terminal. The building features commercial space on the ground floor and offices on the second floor. The third and fourth floors are residential apartments. The apartments are spacious with open concept living/dining rooms. Two of the apartments have wooden stair cases to the bedroom levels. In total there are four apartments with a total of seven bedrooms and seven bathrooms. The property is in good condition having been recently renovated. Although vacant at the moment the building generated close to US$ 200K in rental income annually and has the ability to once again generate this income calculating to a ROI of close to 7%. Nearby paid parking is available at the government parking lot. Appraisal on hand.