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Hideaways At Palm Bay Lot-0
George Town, Exuma Bahamas
$624,625 per slot
George Town, Exuma Bahamas
A mature real estate market with favourable returns.
Average occupancy 90%
A Mature real estate where demand never sleeps, with favorable returns.
Projected annual yield 13%
5% from capital appreciation and 8% from average rental income.
Investment duration
Recommended standard 5 - 10 years
Property Overview
Hideaways at Palm Bay is a very unique and highly profitable resort located roughly 7 miles east of the Exuma International Airport and roughly 1.5 miles west of the settlement of George Town. Hideaways has roughly 800 feet of beachfront with beautifully decorated Bahamian-style villas, nestled around the grounds. There are a total of 95 accommodations broken down as follows: 28 units with the Full Hotel program, 14 units in the Full Hotel program but currently with separate ownership, 25 privately owned units in the Guest Services program, 23 privately owned units opted out of the Guest Service Program, and 5 staff accommodation. Room types include Studio-Style Cottages, 1-bedroom Cottages, 2-bedroom Cottages, 1-bedroom Villas and 2-bedroom Villas. The Cottages offer mini kitchen facilities, a dining area, and private patios. The Villas offer full kitchen facilities, a dining room, a living room, and private patios. The Hotel Facilities include a beach bar & grill, free parking, free Wi-Fi throughout the property, 1 large swimming pool, a fitness room
Financial Details
Total Property Value
$24,985,000
Price Per Slot
$624,625
Aquisition & Legal Fees (3%)
$749,550
Total Cost Per Slot (incl. fees)
$643,364
Projected Returns
Projected Gross Rent
$1,998,800(8% of value)
Management fees (7%)
$139,916
Operating/Service Expenses (15%)
$299,820
Projected Net Income
$1,559,064
Net ROI Per Slot (on $624,625)
13% annually
Additional Details
- Bedroom
- 50
- Bathroom
- 50
- Area
- Int - 33,882 Sq Ft.
Ext - 4.0388 Acres
Location
George Town, Exuma Bahamas