Beachside Condos With Great Returns and Potential for Capital Appreciation

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Excellent opportunity to get into this established & lucrative market at very competive price

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The Beach Club At Columbus Cove

THE “BEACH CLUB CONDOMINIUMS” is the latest project from this established developer in the Caribbean. This unique property is located on Bahamas’ best kept secret, Love Beach and resides at the renowned development of Columbus Cove. With the success of the Beachfront Villas and the “Sold Out” Condo Residences, Columbus Cove has now released the 1^st Phase of the Beach Club Condos starting at $419,000 with direct beach and ocean access.

The Beach Club Condos are situated on New Providence Island’s prestigious western coast, convenient located just minutes from Nassau, capital of the Bahamian Commonwealth. New Providence’s economy is the highest per capita in the Caribbean. Property on this island is therfore is appreciating rapidlyand makes this location an ideal place for investors as these properties offer excellent returns from the establsihed short term and long term rental markets..

These units are under construction and will complete from Q3 2010 . Tenants can be sourced to provide positive cash flow from completion. Competitive mortgages are available, subject to status, at up to 80% loan to value, with rates of starting at 4.6%

The Bahamas is different to the normal Caribbean investment enjoying two different rental markets. Not only does it have the traditional Caribbean tourist market, it also is home to a strong corporate rental market. The island is home to over 200 banks and finance houses, and the target rental market for this project is the market of company executives, typically on 2-year postings and offering a lucrative buy to let return.

The second alternative is the short term market , an attractive option for investors that may wish to utilise these delightful residences, rentals can range from 2 days to two years. in addition to these excellent returns, these units will achieve excellent returns and do not attract any local personal income, sales or capital gains tax.

The beach club condominiums may rent for USD $3,200 to $3800/per month. Daily rentals can range from USD $175 to $240/per day.

Whether the purchasers plans include renting for a short or long-term basis, the location, quality and exclusive features of the Columbus Cove properties ensure a highly profitable, completely turn-key investment. The landscaped grounds of the beach club condominiums enjoys direct access to the white sand beach, which stretches out for over a mile They offer infinity entrance swimming pool and deck, with cabanas and an outdoor kitchen for the use of residents. The location of this development development is also close to the Atlantis Resort, casinos, exclusive local shopping, and family & fine dining restaurants

The Bahamas are opening themselves to the rest of the world. With international investments in the commercial and private airports and a number of high-end brand hotel development projects taking place, particularly on New Providence island, property is appreciating rapidly, making this a great place for investors.

Whether The Bahamas is your primary place of business or residence, one of the most attractive elements of investing and/or living in The Bahamas is the tax-free status accorded to income. There are no taxes levied on capital gains, corporate earnings, personal income, sales, inheritance, or dividends. Legal Counsel will handle all of the Contracts, Debentures, or Trusts when purchasing a property. In addition when purchasing a property over $500,000 you can apply for Bahamian Residency. The stability of the Bahamian economy is supported by the solid value of the Bahamian dollar. The currency is pegged to the US dollar on a 1:1 ratio and is used interchangeably throughout the Bahamas. The Bahamas is also a very stable, democratic country, with a parliamentary system based on the British system. The Bahamas gained its independence from Britain in 1973.