Property Information

Hope Town Hotel Property

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.

Loan Amount ($) Interest Rate (APR) Number of payments
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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

This is a great opportunity to put one's own touch to this amazing property after the buildings were severely damaged in Hurricane Dorian. The main lodge, restaurants, staff quarters have been completely demolished.

There are 6 cottage accommodations which can be restored fairly inexpensively. A new owner could buy this historic Hope Town property and bring it to even greater glory.

This one of a kind 2.2 acre property has expansive beachfront and runs to the Harbourside road. The Lodge has a lease on the docking space immediately on the harbour.

The property has the potential to be sold as 2 parcels; One Harbourside parcel and one Beachfront parcel. Pricing on request to Listing Agent.

Hope Town has significant national and international reputation and The lodge was always the Heart & Soul and meeting place for the Village community.

Amenities

• Beach Access

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 : Vicky Knowles-Andrews