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Albany Lot-6
Albany, South Ocean, Nassau and Paradise Island Bahamas
$715,000 per slot
Albany, South Ocean, Nassau and Paradise Island Bahamas
A mature real estate market with favourable returns.
Average occupancy 95%
Mature real estate where demand never sleeps, with favorable returns.
Projected annual yield 15%
4% from capital appreciation and 11% from average rental income.
Investment duration
Recommended standard 5 - 10 years
Property Overview
Live the Albany lifestyle in the Orchid Penthouse #6" Designed by renowned Morris Ajmi Architects, sits overlooking the Albany marina and the Atlantic Ocean. The marina residences of Albany are considered the ultimate in luxury waterfront living in The Caribbean of which The Penthouse in Orchid is the cornerstone. A situation unique to this penthouse the residence hosts a sumptuous master bedroom suite with his and her bathrooms and walk-in closets plus a private balcony with lounge area and spa. Additionally, another 4 ensuite bedrooms, grand living room with dining open onto a stunning outdoor pool and patio area, a family entertainment room, modern kitchen with a separate bar area and an outdoor barbeque alcove with seating. Every aspect of the penthouse was meticulously designed with venetian plaster walls matching Italian marble accents throughout, German engineered doors and windows, custom cabinetry, led lighting system and audio/visual package with Creston smart home system. A private elevator with security codes for the owner only and private garage.
Financial Details
Total Property Value
$28,600,000
Price Per Slot
$715,000
Aquisition & Legal Fees (3%)
$858,000
Total Cost Per Slot (incl. fees)
$879,450
Projected Returns
Projected Gross Rent
$2,574,000 (11% of value)
Management fees (7%)
$180,180
Operating/Service Expenses (15%)
$386,100
Projected Net Income
$2,007,720
Net ROI Per Slot (on $715,000)
15% annually
Additional Details
- Bedroom
- 5
- Bathroom
- 5
- Area
- Int - 7,025 Sq Ft.
Ext - .2608 Acres
Location
Nassau and Paradise Island Bahamas