For Sale: Kerkstraat 4-10 / Blauwe Steeg, Oranjestad, Aruba

Unique Investment Opportunity: Multifunctional Hospitality & Residential Complex in the Heart of Oranjestad

Location: Kerkstraat 4-10 / Blauwe Steeg, Oranjestad, Aruba

Asking Price: Afl. 2,580,000.00 ( prices are in Aruban Guilders) 

Are you looking for a high-quality investment property with excellent yield potential? This unique complex, situated in the historic ‘Rancho’ district in the heart of Oranjestad, offers a rare combination of hospitality, office, and residential space. The property is currently undergoing a transformation into a modern hotspot featuring multiple restaurants and a beer garden, significantly increasing its future value.

The Property

This expansive property consists of several structures that blend authentic Aruban charm with modern functionality. The buildings (ranging from 50 to 100 years old) have been updated over the years and are currently being further renovated and beautified.

• Ground Floor: Designed for multiple restaurants and atmospheric bars with extensive terrace facilities.

• Upper Floor: Features various residential apartments and dedicated office space.

• Outdoor Space: Spacious terraces on the premises and additional private parking on a separate adjacent lot.

Key Features

• Prime Location: Located in the Oranjestad city center (Rancho district), conveniently near the courthouse.

• Plot Size: Total 1,159 m² (comprising both owned land and long-lease land).

• Built-up Area: Approx. 813 m² of buildings and approx. 340 m² of on-site terraces.

• Additional Terraces: Potential for approx. 150 m² of additional terrace space via municipal permits (precario).

• Parking: Excellent parking options on public grounds as well as on a private lot.

Investment Profile

This object is ideal for an investor seeking immediate rental income with strong growth potential upon completion of the ongoing renovations.

• Current Rental Income: Afl. 19,066 per month (reflecting current temporary discounts).

• Projected Rental Income: Upon completion of renovations, the estimated rental value increases to approx. Afl. 28,428 per month.

• Appraised Market Value:

  • Current state (year 2023): Afl. 2,508,000

  • After completion: Afl. 4.074.000

Why Choose This Investment?

1. Strategic Positioning: Located in an emerging part of the city center with high accessibility.

2. Marketability: Very high market appeal, which will only strengthen once the current improvements are finalized.

3. Diversification: The mix of commercial hospitality and residential leasing provides a balanced risk profile and multiple revenue streams.

For more information don’t hesitate to contact our office: +5999841-5555 or +59995270500