DEVELOPMENT OPPORTUNITY - BAHAMAS
Excellent development opportunity in Grand Bahamas Island with built in Marina
Listing Price: 7,650,000 USD
NOTE: This property is not listed, and will be offered privately under non-disclosure terms. For more information please contact us at 561-962-4267
Executive Summary:
The property for sale is a good investment in the short term with immediate cash flow potential and huge upside in the long term as a development site once the economy rebounds. Our market analysis demonstrates the ability to create immediate cash flow for the buyer after the purchase transaction is complete. This proposal also provides several options for development in the long term on several different scales of investment. With development financing being difficult to obtain in the current economic environment, we provide an opportunity to purchase property at an excellent price point with immediate potential to sustain revenue though the current economic downturn. Once the economy turns around, the property value is expected to increase along with the opportunity for development once the credit market loosens up. The cap rate based on existing build out by utilizing the completed Marina is 14%
Property Highlights:
- 4 acres total (8 x 1/2 acre parcels)
- 1200 feet of wrap around waterfront
- 50 built slips/ 25 actual docks: vary from 40ft to 100ft
- 3000 total lineal footage
- All electrics done for each slip. Fully functional marina.
- Currently- 6000sq ft House with tennis court & guest house.
- Owned free & clear no mortgage & no rates & taxes.
- Tax haven in the Bahamas.
For potential development, the property has been approved for the following:
- 8-10 stories 100ft floor height approval
- Zoned Group 1: Commercial/Tourist/Hotel approved zoning.
- Plans are approved in principle for 80-100 units. All 3 bedroom around 2500sq feet.
- Granted License for Yacht Club/ Marina.
- Full liquor & Restaurant license approved.
Property Images:
We provide a comprehensive proposal upon request which includes:
- Zoning Details
- Land development options
- Cash flow analysis for current build out & future development plans
- Analysis of Cap rate
- Ariel Images of the property from various angles
- Detail about all nearby attractions (sport facilities, restaurants casinos, beach , etc)
- General information and statistics about the island
If you are interest, we require a Confidentiality and Non-Circumvention Agreement signed. Please contact us for more information. Look forward to hearing from you.
