IMMOBILIEN LIMITED - Development Land (Residential) for Sale USD $975000

Kingston & St. Andrew, Kingston 6

Development Land (Residential)

MLS-87385
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LIST PRICE
USD $975,000

JMD $ 153,757,500 CAD $ 1,401,874 € 900,536 £ 748,102

DOWN PAYMENT
(enter JMD amt. only)

LOAN PERIOD (Yrs)

Mortgagee

Loan Amount

Period

Rate

Month Payment

BNS

$0.00

25 Yrs

8.99%

CIBC FirstCaribbean

$0.00

25 Yrs

7%

JN Bank

$0.00

25 Yrs

9.85%

NCB

$0.00

25 Yrs

10.25%

NHT

$0.00

25 Yrs

5%

Sagicor Bank

$0.00

25 Yrs

9%

VMBS

$0.00

25 Yrs

10.75%

Disclaimer:
Please note that whilst Immobilien Limited endeavour to provide accurate information in respect to the mortgage calculator, the use of the same is at your own discretion and risk. Immobilien Limited does not accept responsibility for any consequences that may arise from your reliance on the respective institutional interest rates and the calculations provided therein. Further, the mortgage calculator is intended for guidance only, you are advised to seek professional advice from your financial or mortgage institution
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For Sale

USD $975,000

JMD $ 153,757,500 CAD $ 1,401,874 € 900,536 £ 748,102

Property Description

Wellington Drive is an area known for its development of high-rise apartments and luxury townhomes. Situated off the Liguanea/Mona Road thoroughfare, this 0.37-acre residential lot is rectangular in shape, making it an ideal site for a family compound or a bespoke apartment building. Currently on the lot stands a residence divided into two family homes, each featuring 3 bedrooms and 2 bathrooms. Land in Kingston and St. Andrew is a limited resource, and the strategic location of this site—close to Jamaica’s two major universities and the University Hospital of the West Indies—enhances its value as a prime location for development. It offers an excellent opportunity to create housing for professors, doctors, and other professionals.