Cowpen Road - Commercial Property - Nassau / Paradise Island, Bahamas

Property Information

Cowpen Road

Type: Commercial Property
Price: $ 699,000 Loan Calculator
Island: Nassau / Paradise Island, Bahamas
Address: Cowpen Road
Bedrooms: 3
Bathrooms: 6.0
Living Area: 4010 sqft
Lot Area: 7312 sqft
More info: Click here

Loan Amortization Calculator

You can use this loan calculator to work out what your monthly repayments might be for various loan amounts, repayment periods and annual interest rates. This can help you decide whether you can afford the repayments.

An amortization schedule reveals the specific dollar amount put towards interest, as well as the specific put towards the Principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal. The first payment is assumed to take place one full payment period [one month] after the loan was taken out, not on the first day of the loan. The last payment completely pays off the remainder of the loan, often the last payment will be a slightly different amount than all earlier payments. In addition to breaking down each payment into interest and principal portions, the amortization schedule also reveals interest-paid-to-date, principal-paid-to-date, and the remaining principal balance on each payment date.

There are a few crucial points worth noting when obtaining a mortgage for a home with an amortized loan. First, there is substantial allocation of the monthly payments toward the interest, especially during the first years of the mortgage. You will notice that the first payment allocates about 90% of the total payment towards interest and only about 10% toward the principal balance. Not until much later payments into the loan does the payment allocation towards principal and interest even out and subsequently tip the majority of the monthly payment toward Principal balance pay down.

Description

Situated in the high-traffic portion of Cowpen Road, this Commercial building is a rare opportunity.

The property is situated on the southern side of Cowpen Road, immediately north of Royal Palm Gardens.

Cowpen Road is a developing area with a mixture of commercial, multi-family and single family buildings. The property has an area of 7,317 sq. ft. The building is 4,010 sq. ft. It has a store front and several offices with bathrooms and a kitchen on the first floor.

On the second floor there are three, 1 bathroom apartment units. Special features of this building includes 2 Kohler transfer switches, a 10x10 electrical and manual garage, lockers, office furniture and appliances.

The building also has ground and treated water systems. Parking exists in both the front and sides of the building.

Public and private schools, food stores and other civil amenities are within a three-mile radius.

This is one of the best priced commercial buildings along Cowpen Road given the design-build and size.

Price to sell and very negotiable!

Amenities

Central A C
Furnished
Garage
Home Office
Semi Furnished
Turn Key

Pictures / Photos

Real Estate Company : HG Christie Real Estate

Established in 1922, H.G. Christie Ltd. is the oldest and most extensive real estate service in The Bahamas and because of our consistently high level of service, we are also the exclusive affiliate in The Bahamas of Christie's Great Estates, the real estate arm of the world-renowned Christie's Auction House.

We have an incomparable collection of listings for your consideration, and we would be pleased to help you discover your own way to enjoy Elegant Island Living.

More info All properties of this realtor

Real Estate Agent : Keith Philippe

Name:: Keith Philippe
Phone:: 242-437-7509

Keith was born in the culturally rich Islands of the Bahamas. After spending two and a half years of middle school in Florida, Keith returned to the Bahamas where he completed high school and then attended the College of the Bahamas. Not too long after, he was recruited by a group of international scientists in Eleuthera, Bahamas as a Field Biologist. He resided on the pink sand island of Eleuthera for nearly two years.

Keith spent two semesters at the University of Michigan (Ann Arbor) and continued his studies, graduating with his BSc. from the University of Minnesota (Twin-Cities) where he double-majored in Biology and Natural Resources, and minored in Chemistry. Intrigued by international energy policy, Keith then studied oversees in Moscow and Yaroslavyl, Russia for almost three months. He recalls his wide-exposure to Eastern European Living and the charm which these estates have. His work in Russia was honored at Macalaster College, and later published in the University of California-LA Journal of Slavic and East-Central European Studies.

Keith was recruited under contract by the U.S. Government in 2009 and then in 2012 for two years. In Minneapolis, Keith worked on geospatial and biogeochemical projects at a federal facility and then as a consultant in the Fienberg Lab at the Institute of Rock Magnetism. His most memorable moments include showcasing Bahamian cultural for his receptive American friends!

After seven years in the US, Keith returned to the Bahamas where he launched his career in estate management and business consulting. It was through his travels to English, Spanish and far-Eastern countries Keith learned to appreciate real estate and cultures. Keith and his wife later co-founded Breyer Bay Estate Management and Business Consulting.

Keith enjoys membership in multiple US and Bahamian organizations such as the Student Project for Amity Among Nations, the Mortar Board National Honors Society, The Asian-American Student Union, and Hope Worldwide. Since 2001, Keith has devoted dozens of voluntary hours to more than 10 non-profit organizations. We suppose this is what he enjoys also! No matter what kind of investment you are searching for, call Keith and he will take care of you!

Keith is thrilled about helping clients sell their homes and find rewarding new ones. His commitments his vision are a strong reflection of his commitment to his clients.