Properties Listing

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West Bay Street Complex West Bay Street
New Providence
Offered at: $41,000,000.00 For Sale
Listing#: 9922 | Open (not zoned) | Commercial Buildings
Description
In the market for a really rock solid investment; take a look at this HOT PROPERTY!!! 
 
This twelve acre Investment Property is located directly across the road from one of Nassau's most finest beaches. 
 
Four (4) acres on the main West Bay Street have already been developed as a shopping center with eight stores and thirteen offices  already rented.  Directly behind this  complex sits a gated town home development, with 12 - 1,760 sq. ft. - 2 bed/2.5 bath spacious units.  These can be used for vacation rentals or sold.  The gated community has a pool, tennis court, gym, and a laundry room along with ample parking for all of the units.
 
The remaining 8 acres are considered a diamonds in the rough!  
 
This vacant land has infrastructure in place for a 21 lot subdivision, and approved plans for a 200 room four-storey Hotel.  This property is l ocated only five minutes from Downtown Nassau, 3 miles West of the International Airport, and 10 minutes from Paradise Island.  Along with its five-star restaurants, a hotel in this area would be one hot commodity.
 
Only for the serious investor; with an investment like this and a vision for twenty-one luxurious homes in a gate community, such a development would compliment the already world renouned Lyford Cay residential development.
 
Are you that Investor?
Property Features
  • 2 Stories
  • Lot Size 28 acres
  • Bahamian Style
  • Concrete Block
  • Finished Concrete Exterior
  • Asphalt Shingle Roofing
  • Septic Tank
  • Public Water Supply
  • Electric Heating
  • Central AC
  • Security Screens
  • Home Automation
  • Gated Entry
  • Paved Street
  • Street Lamps/Lights
  • Balcony
  • Beach View
  • Beach Access
  • Study Room
  • Private Parking
  • Enclosed Yard
  • Landscaped Yard
  • Cable TV
  • Laundry Facility
  • Tennis Court
  • Patio
  • Pool
  • Deck
Mortgage Calculation
Offer Price: $41,000,000.00
*Government Stamp Tax @ 6%: $2,460,000.00
Legal Fees @ 2.5%: $1,025,000.00
Down Payment @ 10%: $4,100,000.00
Offer Price + Fees - Down Payment: $40,385,000.00 | Amortize
* The calculation shows the 12% Government Stamp Tax share between buyer and seller.
Contact Agent
Agent Photo

Osbourne  Stuart CRS, CRES, BRI, SVC

President/Broker
T: 242-323-7901
M: 242-423-8822
F: 242-328-2037

Message Agent / Osbourne's listings.
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