Sand Castle

Project Description: Enjoy this rare waterfront one-bedroom with a loft in the heart of Ocho Rios. With direct ocean views from your private balcony, you can watch cruise ships dock, walk to the pier, grab drinks at Margaritaville, experiece local bars and restaurants, gift shops, and the town centre. No car needed for this one. This active tourist 24 hour secured community boasts above-average occupancy rates and incredible short-term rental potential. The unit offers 1 bedroom + loft sleeping area, 1 bathroom, and endless upside with light cosmetic upgrades needed only in the kitchenette and bathroom. Eco-smart features include strong foot traffic demand, cruise ship guest appeal, a local short term marke t to compliment the very strong international demand for priceless waterfront locations that drives consistent bookings. Your dream investment or vacation escape awaits at just USD $198,000. A cash buyer can estimate a ROI of 10% and above while a financed buyer with a 20% deposit earns approximately 18% at 60% occupancy. Break-even occupancy is below 50%. Those number are more than achievable in the booming tourist town of Ochi Rios, Jamaica's #1 port of call. Lets Go!!!
Location: SANDCASTLE, MAIN STREET
For more information, contact: Bowerbank Real Estate Company Ltd

Listing Courtesy of: via RAJ IDX feed