Situated in a central location on Oude Caracasbaaiweg, this investment property comprises two buildings with a total of four apartments. The property stands on a 574 m² leasehold parcel, with the lease running until 6 November 2050.
The property is in an established mixed residential and commercial area with medium to high building density. It has good accessibility and is approximately a five-minute drive from the centre of Willemstad. Supermarkets, shops, restaurants and various businesses are nearby.
The two separate buildings contain four apartments in total, with two units in each building. Each apartment has a living/dining room with kitchen, two bedrooms, a bathroom with shower, washbasin and toilet, and a covered front and/or rear porch.
The apartments are solidly constructed with reinforced strip foundations, 10 cm and 15 cm concrete block walls that are plastered and painted, and mono-pitch roofs with fibre-cement roofing sheets. The floors are concrete, finished with ceramic tiles and wooden skirting boards. The apartments have gypsum ceilings on timber framing, colonial-style aluminium windows and exterior doors, and wooden interior doors in hardwood frames.
All bedrooms have split-unit air conditioning. Each apartment has its own electrical installation, a functional kitchen with formica finishes, a cooktop and refrigerator, and a practical bathroom with standard sanitary fittings.
The plot is largely paved with concrete for low-maintenance use. Boundary fencing consists of a combination of wooden fencing and chain-link fencing with steel posts. A large automatic entrance gate at the front provides access to the property.
The four residential units are self-contained but not individually subdivided. The property boundary is marked by a wall, which may differ from the official cadastral boundaries. This property offers rental income potential in a well-connected location.