This is an excellent opportunity to own the tallest building on the island. Apartment building is 17 stories high with 64 units. Casa Bahama complex is situated in the heart of Freeport. The drive to the airport is about 5 minutes to the Airport and 10 minutes to the beach in the south. Property is adjacent to RND shopping centre, the International Bazaar and Royal Oasis Hotel which is under renovations by Harcourt Development. Casa Bahama was severely damaged by the hurricanes of 2004. There was some renovations begun but has since stalled. Presently, all units are vacant. Most of the units have had the doors and windows refitted with vinyl hurricane windows and doors as well as adding new patio railings. The building was refaced and repainted. There are 32 one bedroom units, and 32 two bedroom units each with a private balcony. One bedrooms are approximately 650 Sq. ft while the two bedrooms are approximately 1000 sq. ft. in size. Other amenities include a manager's office, pool and laundry facilities. The building sits on 2 acres of tourist commercial land and can be converted to a hotel, motel, timeshare resort, corporate center or medical facility. The building is to be sold fee simple, all units and land belong to one owner. You simply will not find a better location on Grand Bahama Island! Additional acres of Commercial property available.
- Living Area:60000 sqft
- Total interest:$ 5,548,719
- Total loan value:$ 11,498,719