Property Information

Prison Lane, off East Street North

Type

Commercial Property

Price

$ 1,500,000   Loan Calculator

Island

Nassau / Paradise Island, Bahamas

Address

East Street North

Bathrooms

2.0

Living Area

8379 sqft

Lot Area

27000 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

This commercial property is ideally located at the foot of the Queen's Staircase just outside of downtown Nassau.

With some upgrades, the property can be used as healthcare facility, office, tourist facility or other business of your choice.

It features four (4) buildings; a main work shed; a single storey building with a reception area, two offices, toilet facilities, storage space and an indoor/outdoor work area; another office space and workshop a large open workshop and parking!

This property has great possibilities for investors.

Make an appointment today!

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 : Daren Seymour

Name:

Daren Seymour

Phone:

242-357-9003

Town Coverage: Georgetown, Exuma Malcolm Allotment, Nassau And Paradise Island