This commercial property for sale in Anguilla is enviably located, right in the heart of the island’s business district. The compound sits on a quarter of an acre on the eastern end of The Quarter, past Proctors’ supermarket, across the road from Saint James’ School of Medicine, and it consists of two buildings.The main one is a two-storey building with a combined 4,500 square feet. The top floor used to be rented by the medical school and is consequently laid out into six classrooms with a reception and an office (previously used by the school principal), a small refectory area and two bathrooms for a total of 2,250 square feet.

Meanwhile, the ground floor features a nicely appointed front office/studio with two large rooms, a meeting room, a kitchen and two separate WCs. Additionally, there are three separate storage rooms on the south side of the building, each of them 450 square feet, all of which can easily be transformed into offices, as they all have a window.

Immediately to the north of the main building there is a small house, which is currently being rented to a small business operator. Rental income for the small house is approximately US$12,000 per annum, while the main house generates an income of approximately US$21,000 per annum for the ground floor and approximately US$48,000 per annum for the upper level.

Planning permission has been granted for a substantial extension of the main building, with permission having already been granted for the erection of two more floors and a residential penthouse at the top. Similarly, plans exist for the construction of a second tower in place of the small building, with 20 to 40 units earmarked for student accommodation.

The commercial compound is available as a whole or each building separately. Asking price for the whole compound: US$999,000. Asking price for the main building: US$765,000. Asking price for the small building: US$350,000.

Learn more about The Valley in our individual Anguilla real estate area profiles here.