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Small Private Resort
Location: Bahamas -> Bassett Cove
Industry: Hotels and Holiday Accommodation > Holiday Resorts




Business Summary

Investor Opportunity-This investment may qualify for permanent residence etc.
~ Developer has completed 2 two story apartment buildings in the new village on the Ridge.
~ Building one consists of four 2 bed/1 bath apartments.
~ Building two consist of 2 two bed/1 bath and, one three bed/2.5 bath Penthouse.

With the sale proceeds Developer proposes to complete the remaining interiors and create the Beach side pool, bar and restaurant.

All 7 Apartments are offered the investor at a Discount Price of $1.85M.
List Prices 4 ground Floor $290K ea + 2 above $350K ea plus the 3 bed $650K = $2.5 M

- Sold as 2 separate buildings With Individual titles to keep or re- sell.
- Investor may retain apartments in the Hideawaybahamas fully managed rental pool.
- Investor retains 60% of rental profits. Example with a 25 week occupancy per year the return is $103,000.00.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $250,000
Cash Flow:   $65,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2001
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Wish to invest proceeds into pool and bar/restaurant

Photos

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Small Private Resort Photo 1 Small Private Resort Photo 2 Small Private Resort Photo 3




Print Listing Id: 700272788
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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