Bahamas Builder Investor Licensed Company Including Two Properties For Sale

Business description

Live and work in the Bahamas. Builder investor licensed company, including two properties.
Two single houses, one completed in 2000 and one under construction.
live and work in Grand Bahama, less than an hour from Miami, Fort-Lauderdale or Palm Beach

Property information

Real Estate:

Real Property Included

Living accommodation:

The accomodation consists of the first property owned by the company. Walking access to beach, Port Lucaya marina and shopping center. The international school going from pre-k to 13th grade (International baccalaureat) is 7 minutes drive.

Location:

Business run from home but relocatable anywhere in the Bahamas.
First property is a 5 bedroom single house (3000sqft) from 2000, standing on its own fenced lot with beach access, pool and deck, walkaround patio, 2 car garage.
Second property is a 5 bedroom single house under construction, walled lot on canal with 100yards of docking. around 4000sqft, gazebos, pool, patios, garage.

Other information

Expansion potential:

No real limit to expansion as there are vacant lots available on the beachfront or on the canal system. The island of Grand Bahama is developping steadily and many big projects are under way: Ginn sur mer, Royal Oasis etc
The license to operate in the island is a big asset as it is a long and difficult process to obtain it. The size of the investment qualify the buyer for residential status in the Bahamas and allows the company to buy all materials or necessary supplies duty free. (Duties are anywhere between 10 and 50 %+ )

Competition / Market:

Not as such, as the company builds on its own land. Housing market is good as the Bahamas always attract lots of investors. There are no taxes for individuals or companies.

Support & training:

1 month

Reasons for selling:

Going to Europe

Trading hours:

N/A

Financing available:

N/A

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