Apartment Up for Sale in Cable Beach - Bahamas - Ref 673410

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Apartment/Flat Description

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This beautiful development is set in the prestigious and and highly regarded area Cable Beach located on the West coast of New Providence island, Bahamas, where property continues to appreciate making this a great place for investors. Current valuations are coming in at approximately 10% - 15% higher than purchase price providing the investor with instant equity.

This stunning development has been built to an exceptional a high specification exceeding expectations. These stunning apartments offer a host of luxury features and upgrades and are ready for occupancy immediately, once contracts and debenture are complete. The development offers an infinity pool, spa, fitness centre, tennis court, sun & BBQ lounge, a concierge service and lavish tropical and water gardens. Apartments are pre-wired for high speed internet & amp; cable TV; the development also includes private garage & 24 hour security.

These luxurious apartments boast stunning beach and ocean views. Executive tenants from the business sector seeking 12 - 24 month tenancies can be sourced providing positive cash flow from completion. Competitive finance is available, subject to status, at up to 80% loan to value with rates of 3.8% to 5.2%. Prices are approximately 15% below prices for comparable new build developments in this part of Nassau.

The parliamentary system in the Bahamas is based on the British System and the Bahamas is a very stable democratic country with Its economy steadied by the value of the Bahamian Dollar which is pegged to US dollar on a 1:1 ratio. The islands are still developing and there has been significant investment into private and commercial airports to boost the economy further.

Announcements have been recently made regarding a new luxury leisure hotel and entertainment complex just a couple of kilometres along the cost from this development which should raise the popularity and potential for this are further. It is also worthy to note that those investing in the Bahamas are also, not subject to any local income, company, inheritance or capital gains tax

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Approximate price of this 0-Bed Apartment

€450,345 EUR |

£364,194 GBP |

US$575,000 USD |

(Currency and Foreign Exchange services supplied by

)

Ref	673410
Town	Cable Beach
Province	New Providence
Country	Bahamas

Type	Apartment
Bathrooms	2
Category	Re-Sale
Listed	over 1 year ago

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Map of Cable Beach, New Providence, Bahamas

Price: US$575,000

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