Compass Point Commercial Property For Sale
Rego Sotheby’s International Realty has introduced Compass Point, offering “a rare chance to own a large scale, robust commercial building with coveted onsite city parking.”
A spokesperson said, “Rego Sotheby’s International Realty introduces a rare chance to own a large scale, robust commercial building with coveted onsite city parking: Compass Point.
“Harnessing an unparalleled opportunity, Compass Point’s 5-storey 81,838 total square foot building is centrally located with two entrances along Bermudiana Road and Gorham Road. Positioned just outside of city limits, Compass Point has the convenience of city life without Corporation of Hamilton taxes.”
Penny MacIntyre, Partner at Rego Sotheby’s International Realty, said, “Rarely does a building come online in town that offers a number of solutions. Compass Point is an ideal office tower for an owner-occupier seeking prime location with 35 car and 10 bike parking spots.
“Alternatively, Compass Point also suits a developer seeking a strategic location in town to potentially convert into multi-use residential, retail and office space. The large private parking lot adjacent to the building provides excellent staging for renovation logistics.”
The spokesperson said, “Compass Point is situated on 0.78 acre overlooking city and partial harbour views. The property boasts four 1-megawatt onsite generators and state-of-the-art SMARDT roof top chiller. The 12,000 to 15,000 square foot sunlit floor plates are a mix of private offices, large open floor plans, kitchens, meeting and board rooms.
“A 7-year leaseback will take effect for the current owner to remain in occupancy of 10,542 square feet on the basement level. The property is listed at $19,500,000 USD.”
Ms. MacIntyre said, “The property offers high visibility and sits prominently among multiple international insurance, reinsurance and law firm headquarters and short walks to the Royal Bermuda Yacht Club, favourite restaurants, pharmacies and shops. Compass Point’s next chapter presents
multiple options for serious prospects.”
The spokesperson said, “Interested buyers are encouraged to contact Penny MacIntyre at pmacintyre@regosir.com or 441-299-1508 to learn more about Compass Point.”
