Commercial Opportunity Front & Parliament Street
Description
Amazing Opportunity to acquire a prime corner location at the gateway to the Bermuda’s premier office district on Front Street. Boasting street frontage of 42’ along Front Street and 99’ along Parliament Street with a total land area of approximately 4225 square feet.This is a prime location for development. The corner exposure allows abundant natural light on the south and east sides. The building overlooks the Cabinet Gardens and the Cenotaph and the Sally Bassett statue.The classical façade covers the 3 different levels of the Penboss Building. Each floor has an independent street access.Top floor is 1843 square feet office – reception/board room, open work space and 3 offices, 2 restrooms and a kitchenette.Middle floor is 2846 square feet (with an additional balcony space of 320 square feet) – office – Entrance hall, open work area, offices, kitchen/break room, board room, additional storage, 2 restrooms. Shower.The middle floor and the top floor are connected by a staircase as both levels were rented by the same tenat at one point. The staircase remains in place but has been boxed off with drywall.Ground floor is 1980 square feet – restaurant/barAll 3 floors are leased until 2028.
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Climate · Pembroke Parish
Station: L F WADE INTL AP KINDLEY FLD · 12.6 km from the representative point.
Explore monthly temperature and rainfall
Typical daytime temperature
1991–2020 station normals · Average daily high (°C)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Average daily high (°C) |
|---|---|
| Jan | 21 |
| Feb | 21 |
| Mar | 21 |
| Apr | 22 |
| May | 25 |
| Jun | 27 |
| Jul | 30 |
| Aug | 30 |
| Sep | 29 |
| Oct | 27 |
| Nov | 24 |
| Dec | 22 |
Rainfall through the year
1991–2020 station normals · Mean monthly precipitation (mm)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Mean monthly precipitation (mm) |
|---|---|
| Jan | 136 |
| Feb | 130 |
| Mar | 134 |
| Apr | 87 |
| May | 94 |
| Jun | 126 |
| Jul | 119 |
| Aug | 163 |
| Sep | 149 |
| Oct | 154 |
| Nov | 112 |
| Dec | 109 |
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How this one compares
6 similar properties on the island advertised at within 25% of this price. Their median asking price is $4,500,000 — this one is asking 11% more. Asking prices only; nobody has paid these.
| Property | Where | Beds | Asking | vs this one |
|---|---|---|---|---|
| Walsingham | Smith's | 5 | $4,950,000 | -1% |
| Playhouse In Tucker's Town | 4 Shore Lane | 1 | $5,500,000 | +10% |
| Windcrest | Paget | 5 | $4,500,000 | -10% |
| Duamber, South Shore Splendor Near Pink Sand Beaches | 119 Harbour View Drive | 4 | $4,475,000 | -10% |
| Aragon | Windcrest Dr, Paget PG 05 | 4 | $4,350,000 | -13% |
| Zuri Unit 601 N.W. Penthouse | City of Hamilton | 3 | $4,225,000 | -15% |