Gray Door Apartments - Commercial Investment
Available on request
One catalogue image. Media provenance, current condition and usage rights are confirmed before an introduction.
- Year built
- 2021
- Type
- Apartment
- Land
- 10,710 ft²
- Use
- Mixed use
- Lettable area
- 9,698 ft²
- Net yield
- 9.5%
- Parking
- 1
What this listing includes
- Private pool
- Air conditioning
- Furnished
- Gated community
- Staff quarters
- Pool
The reason to consider it.
Gray Door Apartments is a unique oasis in Aruba, built between 2020 and 2021, offering spacious, luxurious, and eco-friendly accommodations.
This property is a haven for those seeking comfort, sustainability, and tranquility on the island. Located in the quiet residential neighborhood of Noord, it is a short drive from the lively Palm Beach area, known for its popular hotels and restaurants. The pristine white sands of Eagle Beach, Palm Beach, and Arashi Beach are just minutes away.
This beautiful apartment complex sits on 995 m2 of property land and holds a commercial license. It comprises 9 units across 3 floors and comes fully furnished and equipped. A well-established management company (VBA), over 5 years old, is also in place, contributing to the property’s numerous 5-star reviews on prominent booking sites.
Property Highlights:
- Eco-Friendly Focus: Prioritizing sustainability with LED lighting, inverter appliances, solar panels, and excellent insulation to reduce the carbon footprint.
- Apartment Variety: Offers eight comfortable apartments and a luxurious penthouse. Three ground-floor apartments have two bedrooms and two bathrooms, four one-bedroom apartments are on the first floor, and a garden one-bedroom apartment is conveniently located on the ground floor. The penthouse features two bedrooms, two bathrooms, and breathtaking views of Aruba. It includes a private driveway, elevator, and a jacuzzi on the terrace. The master suite boasts an open bathroom with a bathtub, double shower, and a 10-foot projector screen.
- Modern Amenities: Each apartment is furnished with contemporary décor and equipped with modern facilities, including a full-sized kitchen and bathrooms with spacious rain showers.
- Community Amenities: A community pool for unwinding, a BBQ area for gatherings, laundry facilities on each floor, and an ice machine.
- Secure Parking: Private parking is available for every apartment within the fully gated property, accessible only with a key.
- Valuable Extras: Includes a sprinkler system for enhanced safety and a backup generator for uninterrupted operations. A versatile space can be converted into a gym or an additional apartment.
- Revenue: The complex boasts a remarkable Return on Investment (ROI) of 9.5% and beyond, offering financial growth and stability.
The asking price is not what it costs.
More listings on the same island. Availability is confirmed when you enquire.
