Penthouse Description

Only One Unit Remains At Launch Price.

Up To 80% Ltv Mortgage Available.

Finance Rates Of 3,8% - 5,2% (subject To Status).

Excellent Corporate Rental Market.

Excellent Beach Views And Direct Access To White Sand Beach.

No Local Income Or Capital Gains Tax.

Just one penthouse at launch price remains in this ocean residence of apartments and limited beachfront townhomes, set on one of the famous beaches on the western coast of New Providence island, Nassau, Bahamas. Property is appreciating rapidly, making this a great place for investors, with appraisals coming in at approximately 10-15% higher than purchase price.

These units are ready for occupancy immediately, once contracts and debenture are complete. Tenants have been sourced, providing positive cash flow from completion.  $10,000 is required to reserve and 20% deposit (minus the $10,000). Competitive mortgages are available, subject to status, at up to 80% loan to value, with rates of 3.8% to 5.2%

The Bahamas is different to the normal Caribbean investment; not only does it have the traditional Caribbean tourist market, it also is home to a strong corporate rental market. Home to over 200 banks and finance houses, this project is aimed at the target market of company executives, typically on 2-year postings and offering a lucrative buy to let return.

An attractive alternative for investors especially those that may wish to utilise these delightful residences is the short term  rental market , rentals can range from 2 days to two years. in addition to these excellent returns, these units will achieve excellent returns and do not attract any local personal income, sales or capital gains tax.

Columbus Cove Bahamas suites may rent for USD $3,200 to $5,000/per month. Daily rentals can range from USD $175 to $350/per day.

Whether the purchasers plans include renting for a short or long-term basis, the location, quality and exclusive features of Columbus Cove Bahamas properties ensure a highly profitable, completely turn-key investment.

These penthouses are well appointed and proportioned properties of 1,400 square feet, with generous balconies of 150 square feet and boasting stunning beach front views. They are set in landscaped grounds with infinity entrance swimming pool and deck, with cabanas and an outdoor kitchen for the use of residents. Each suite benefits from two car parking or private garage.The grounds have direct access to the white sand beach, which stretches out for over a mile. The area is undergoing a growth curve with a number of investment and regeneration projects boosting tourism and the local economy, including investment in the private and commercial airports.

Located on the most prestigious western coast of the island, there are number of spas, hair salons and an excellent range of shopping facilities. The development is located close to the Atlantis Resort, casinos, and family & fine dining restaurants

The Bahamas is a very stable, democratic country, with a parliamentary system based on the British system. The Bahamas gained its independence from Britain in 1973.

There are approximately 700 islands to discover in The Bahamas, with New Providence  being the largest and Nassau the capital city of The Islands of The Bahamas. Nassau features exquisite dining experiences, designer shops and boutiques, stunning beaches and gorgeous turquoise blue waters year-round. Neighbour to Paradise Island, this island pair maintains a distinct blend of international glamour and tropical ease, giving travellers freedom to do everything or nothing at all.

The Bahamas are opening themselves to the rest of the world. With investments in the commercial and private airports and a number of high-end brand hotel development projects taking place, particularly on New Providence island, property is appreciating rapidly, making this a great place for investors.

Whether The Bahamas is your primary place of business or residence, one of the most attractive elements of investing and/or living in The Bahamas is the tax-free status accorded to income. There are no taxes levied on capital gains, corporate earnings, personal income, sales, inheritance, or dividends. Legal Counsel will handle all of the Contracts, Debentures, or Trusts when purchasing a property. In addition when purchasing a property over $500,000 you can apply for Bahamian Residency.

The stability of the Bahamian economy is steadied by the solid value of the Bahamian dollar. The currency is pegged to the US dollar on a 1:1 ratio and is used interchangeably throughout the islands.

Interior and Exterior Specifications:

Like this? Then share with your friends and colleagues!