Columbus Cove, Bahamas – Strong Rental Yields & Appreciation
2 September 2009
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The Bahamas differs from the other Caribbean islands, benefiting not only from the traditional Caribbean tourist market, it also boasts a strong corporate rental sector. Home to over 200 banks and finance houses, the typical 2 year executive postings offer lucrative buy to let returns.
Principal International are pleased to exclusively offer just two penthouses at launch price on the Columbus Cove development, an excellent project for those looking to develop a balanced property portfolio of traditional buy to let and hotel investments, offering an immediate cash positive return and equity. This exciting development is set in the prestigious and famous area of Love 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. These penthouse apartments are well appointed and proportioned – 1,400 square feet with generous balconies of 150 square feet . Built to a high specification, exceeding the standard, they offer a host of luxury features and upgrades and are ready for occupancy immediately, once contracts and debenture are complete. These luxurious apartments boast stunning beach and ocean views and their excellent location allows direct access on to the white sand beach. Executive tenants from the business sector have been 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%. The Bahamas is a very stable democratic country with its parliamentary system based on British system. Its economy is 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. Investors in the Bahamas are also not subject to any local income, company, inheritance or capital gains tax Availability is strictly limited to these two penthouse units in the launch phase priced at $529,000 and represent an excellent addition to a balanced property portfolio of traditional buy to let and hotel investments. With phase two due to be released shortly and a high profile marketing campaign commencing mid September, Investors should act promptly to avoid disappointment. For further details and information, please visit: Columbus Cove Bahamas 
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