Property Information

Cable Beach

Type

Commercial Property

Price

$ 380,000   Loan Calculator

Island

Nassau / Paradise Island, Bahamas

Address

Cable Beach

Bedrooms

2

Bathrooms

1.0

Living Area

1000 sqft

Lot Area

1000 sqft

More info

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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

Hair International! Your one of a kind opportunity to own a profitable franchise in The Bahamas!

The salon is located in the ideal and affluent location of Cable Beach in the highly populated island of New Providence.

Situated in a well-trafficked shopping plaza, supermarkets, the bank and fast food stores are nearby as well as fine dining restaurants.

The new and modern beauty salon is offered turn-key with all state-of-the art inventory as well as elevator access and a stand-by generator.

This business represents a perfect opportunity to invest in a great business with the perfect location, location, location!

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.

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Real Estate Agent : Martina Reichardt

Name:

Martina Reichardt