Cor. La Croix Avenue and Malabar Road, Arima Factory for Sale

  • $7,000,000
La Croix Avenue, Malabar, Arima, 300831, Trinidad and Tobago
For Sale Exclusive

Cor. La Croix Avenue and Malabar Road, Arima Factory for Sale

La Croix Avenue, Malabar, Arima, 300831, Trinidad and Tobago
  • $7,000,000

Description

Arima is a growing Borough that lies East of Port of Spain, in the foothills of the Northern Range, and is almost at city status. This property is located in Malabar, situated immediately South of the city center, has grown exponentially in the last 15 years and is now a thriving community with all amenities within easy reach.

This property is 1 acre, 1 rood and 24 perches of land on which is built a 13,950 sq. ft. warehouse building that is presently divided into a working plastic factory in the majority of the warehouse with a mezzanine floor above. There are 2 other smaller spaces that are presently rented out to a hardware on one side and a concrete baluster factory on the other side bringing in other monthly income.

The main factory has an open room at the entrance and an air-conditioned office off of the main entrance open room and the actual working factory behind. The building has all of its working machinery and workers and is selling as a viable going concern. The roof is very high so the factory remains fairly cool at all times.

There is also some other income earned through the rental of some of the land to the bar opposite for their customer parking and a couple of “food” stalls in the lot.

One can also apply for the remaining land to be used either in expanding other commercial areas or maybe applying for apartments or townhouses to be built as there are 2 other unused entrances to the 2 other sides of the building as this is a corner property.

As a real estate investment, this is a very valuable property. As a business investment, this is a very viable investment. Reasonably priced for a quick sale as the owners are ready to retire but are willing to help anyone taking it over as a plastic factory, if they need help to start. However, the workers have been there for many years and know the workings of the factory and the equipment, so a purchaser can really just walk in and continue the production if they keep on the factory workers.

Only serious enquiries will be answered and financials will only be given out to serious buyers.

Details

  • Price: $7,000,000
  • Property Size: 13950 sq. ft.
  • Land Area: 60980 sq. ft.
  • Bathrooms: 5
  • Property Type: All Commercial Properties, Business for Sale, Commercial, Commercial Building, Going Concern
  • Property Status: For Sale
  • City Arima
  • State/county Arima
  • Country Trinidad and Tobago

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Debbie Nicol
  • Debbie Nicol