Guyana Properties & Multi Listing Services

Georgetown - New Amsterdam - Linden - Parika

Income Property In Kitty
Price: $92,000,000

Guyana Properties & Multi Listing Services

Listed by: Sheikh Mohamed

Phone: 592-225-5422

Mobile: 592-692-0315

Homepagehttp://www.aabbierealty.com

Address: Thomas Street
City: Kitty - Georgetown
Region: 4
Country: Guyana
Neighborhood: kitty - Cambleville
Price: $92,000,000
Beds: 7
Baths: 2
Floors: 2
Year Built: 1970
Garage Size: 3 Car Port
Square Feet: 5,500
Lot Size: 60 x 150
Status: Active
MLS: 568,790
Full Description: Take a look at this amazing income property in Thomas Street Kitty (Georgetown). This property consists of two homes and three businesses on a double lot. The upper floors are currently being used by the owner and his family but they both can be rented for approximately $400,000 per month. Most of the lower floor is currently being used for a full service GYM with male and female change room, washroom and a newly constructed juice bar business accessible from the road. The third business is a Laundry Service Income from these businesses grosses over $1,000,000 per month but has the potential of grossing over $2,000,000 per month. Owner is willing to sell these businesses as well for a total of $40,000,000 Purchaser can assume all existing clients immediately and start earning an income immediately. Alternatively, the lower area can be rented for about $500,000 per month for all three businesses. If you are an investor, this property will earn you a good rate of about 10% per annum and with the business added and marketed properly, it has the potential to earning an 18-20% return per year. Owner has just added a brand new pressure pump with a pressure tank that service the whole property. The property is grilled, and secured and unlike Georgetown that shuts down at 5.00 pm this property is in an area that is alive till after midnight.
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