Beachfront Villas - Limited Release

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enjoying an unrivalled position excellent potential for rentals & capital appreciation

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Columbus Cove Bahamas - Beachfront Villas

Principal International are delighted to announce the commencement of construction in this exclusive residential enclave, boasting a fabulous location at Love Beach on the northwest shore of New Providence Island. This development has already enjoyed success with the sales of the luxury suites and the remarkably rapid sale of all Phase I Beachfront Villas, which to meet demand has lead to the release of Phase II of the Beachfront Villas , significantlyearlier than planned. Phase I is projected to complete August 2010, with Phase II scheduled to be underway imminently and be complete by December, 2010.

These stunning beachfront villas have no competition in the local area and will appeal to the lucrative rental market. As with the suites these superb townhomes will appeal to the established corporate, business sector and the buoyant tourist market. For those that looking to spend time in the stunning property the short term market may be attractive , where excellent daily rates can be achieved. Premium construction and stunning interior design in an unrivalled location should provide optimum occupancy and rental levels in the islands healthy rental market.It is estimated that these high-quality new beachfront properties for monthly executive or vacation, could achieve rentals in the range USD $3,800 to $6,200/month with daily rates ranging from USD $280 to $400.

This delightful development is conveniently located for Nassau International airport and the island’s financial sector. This area of New Providence is relatively undeveloped and offers excellent potential. Love Beach is an up and coming area and will benefit greatly from the proposed investment in the island by China. This investment will include the Airport Highway Project, linking the Sir Lynden Pindling airport to the city centre, and the resort development of the nearby Cable Beach area, through additional investment by the Chinese, which will boost the area and tourism figures further.

The Beachfront Villas at Columbus Cove Bahamas are high specification, spacious 2,200 square feet 2-story homes, offering three bedrooms and three bathrooms complimented by superb living accommodation and large balconies with breathtaking views on each floor. Each villa boasts beachfront walk-out and a private, 2-car garage.

Located on the most prestigious western coast of the island, there are number of spas, hair salons and an excellent range of shopping facilities. The development is located close to the Atlantis Resort, casinos, and family & fine dining restaurants.

The Bahamas is a stable, democratic country, with the parliamentary system based on the British system. The Bahamas became independent from Britain in 1973.There are in the region of 700 islands to discover in The Bahamas. the largest island is New Providence with its capital being Nassau, the capital city of The Islands of The Bahamas. Nassau boasts exquisite dining experiences, designer shops and boutiques, stunning beaches and gorgeous turquoise blue waters year-round. Neighbour to Paradise Island, this island pair maintains a distinct blend of international glamour and tropical ease, giving travellers freedom to do everything or nothing at all.The Bahamas are widening their appeal to the rest of the world. With 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 to purchase property.

Whether The Bahamas is the 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 personal income, capital gains, corporate earnings, sales, inheritance, or dividends. Legal Counsel will handle all of the Contracts, Debentures, or Trusts when purchasing a property. In addition it is possible to apply for Bahamian Residency when purchasing a property over $500,000.The stability of the Bahamian economy is strengthened 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 islands.

Interior and Exterior Specifications:

• Very high - 10 Foot Ceilings with 10″ Crown Mouldings
• Storm-Proof Window and 9 foot Patio Doors, panoramic view of the ocean
• 8′ hardwood interior doors
• Central Air-Conditioning
• Granite Counter Tops
• Stainless Steel Appliances (fridge, stove, microwave, dishwasher, washer and dryer)
• Italian Cabinet Kitchens
• In-Suite Laundry
• Designer bath fixtures and accessories
• Walk-in Showers
• Corner Soaker Baths and Walk-in Closets in Master Bedroom
• 24hr gated with security
• Landscaped Gardens