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Back  |  about St. Martin  |  comparisons  |  add to favourites  |  send listing to friend
 
 Price : US$ 3,500,000 Type : Commercial - Commercial REF : STM0015 

St. Maarten : Front Street, Phillipsburg

 

SOLD

 

Commercial Property for Sale

 

 

Prime commercial property right in the heart of Phillipsburg, consisting of 4,000 sq ft of ground floor retail space and 5 apartments above.

St. Martin Commercial Property

St. Martin Commercial Property

This prime commercial property offers 4,000 square feet of retail / commercial space on the ground floor, five apartments on the upper floor, and sites within an 8,900 square foot lot.

 

 

St. Martin Commercial Property

The property is ideally situated near the high traffic area of the St Rose Arcade which feeds into and out of the popular beach front boardwalk.

 

 

 

 

 

 

The property offers excellent development potential with an additional 4,000 sq. ft. of courtyard available for expansion.

St. Martin Commercial Property

St. Martin Commercial Property

The current rents for this property provide US$219,000 in annual cash flow, with tenants responsible for their own expenses.

 

 

 

 

This excellent commercial property is being offered below comparable nearby properties and in a perfect location in the heart of Phillipsburg.

St. Martin Commercial Property


Buying Property in St. Martin
You do not have to be a resident to purchase real estate on the Dutch side of the St. Maarten.

Buying property on the Dutch side is simple and makes use of a Civil Law Notary who is responsible to both parties and obliged to undertake a title search in order to ensure clear transfer of the title. It is unnecessary to hire a separate attorney and the property sale agreements are written in English.

Closing costs in St. Maarten are minimal and the purchase of a property will normally be completed within the time frame agreed in the purchase agreement. There are no property taxes in St. Maarten and obtaining building permits and planning permission is straightforward.

For more information on buying property in St. Martin click on the button about St. Martin

To view more St. Martin Properties click here

 
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Last Updated On 20 Jan 2018