Great_Exuma_Pagoda

Great Exuma, Pagoda Beach, Bahamas

Do you want to live on one of the best islands in the world - Great Exuma is the prettiest island in The Bahamas,and is well known as a yachtsman's paradise. Exuma and its cays are scattered over
100 square miles with the most beautiful clear blue waters you will ever encounter and long empty beaches. Many Hollywood films have been filmed over the islands of Exuma and many well known actors have made this their second home. Exuma is evolving into a tourist spot and once visitors discover this paradise many never go home. We are pleased to offer a small, exclusive development situated just outside of the well known February Point Marina and Resort. Pagoda Beach consists of only 6 luxurious residences all with ocean views. This is a pre-release offer.

One Bed/ Two Bath ,Two Bedroom / Two Bath and Three Bedroom / Two Bath Condominiums. Light and spacious with luxurious top quality interiors the apartments offer great living space for permanent living or as a vacation property. Each apartment comes with its own roof terrace from which to maximise the views over the marina and sea and offers extra outdoor living space.

Features Situated within lush tropical gardens with a large communal swimming pool bordering the main road that runs the length of Exuma making everything is in close proximity. February Point and the Marina are a short walking distance, George Town is 5 mins by car and the airport is 20 minutes by car. Boats can be anchored in front of the complex with no docking fees. Just across the road is a small private beach

Only 6 luxurious units are available

2 x 1 bed with roof terrace AIR COND.950 SQ.FT.
COVERED PORCH 170 SQ.FT.
UPPER TERRACE 170 SQ.FT
1290 sqft/ 119sqm Price pre-release is $ 475,000 /£237,500

UNIT 3 AND 4 -----2 BEDROOM 2 BATH
AIR COND. 1490 SQ.FT.
ENTRANCE COURT 84 SQ.FT.
COVERED TERRACE 330 SQ.FT.
PRIVATE ROOF TERRACE 510 SQ.FT
.2524sqft / 234sqmtrs in total Price pre-release is $ 745,000 /£372,500

UNIT 1 AND TWO----- 3 BR. 2 BATH
AIR COND 1680 SQ.FT.
ENTRANCE COURT. 84 SQ.FT.
COVERED TERRACE 330 SQ.FT.
PRIVATE ROOF TERRACE 620 SQ.FT.
2714/sqft /252sqmts in total these are very large spacious apartments

Price pre-release is $ 840,000 /£420,000

Investors and owners will enjoy the Tax Free Income from the Rental Program set up for the resort Owners knowing that the Bahamas has No Sales Tax, No Income Tax, No Inheritance Tab, No Corporation Tax and no Capital gains tax or trouble with releasing the funds back to your home country.

Payment process

To Reserve your property now you can reserve a unit with just $20,000 which goes to an Escrow Account until construction is started.

Payment Terms

30% deposit

20% over 12 months

50% at completion

£3000 per annum Community charges to cover property maintenance,pool and garden landscaping

12.5% legal closing costs to be added to the purchase price

Rental Income - Tax free

All units are put into a rental pool the management company fees are 25% for full rental managment including meet and greet and looking after clients during their stay

3 bed units achieve $2000 a week based on 36 weeks rental = $72,000

2 bed units achieve $1600 a week based on 36 weeks rental = $57,600

1 bed units achieve $1200 a week based on 36 weeks rental = $43,200

50% mortgages are possible at 8% interest with a local bank- Mortgages take time to process in the Bahamas so it is necessary to start this procedure directly as contracts are signed in the beginning.

Please quote 'Bahamas' when enquiring

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Disclaimer: Property details, prices and availability are supplied by the developer or the agent and are subject to change. findaplaceoverseas.com cannot be held responsible for any inaccuracies.

Contact Us now on +44 (0) 1638 564305 for a brochure and full details or click here

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