Abaco Towns By The Sea 16 Condo Package - MLS 21404

Abaco Towns By The Sea 16 Condo Package - MLS 21404
Marsh Harbour, Abaco, Bahamas

$2,499,000
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Prime Investment Opportunity with 3 Options to maximize the return and minimize risk. On offer is a re-development opportunity of a prime location in the growing township of Marsh Harbour, Abaco Island. This is a 16 unit condominium complex...
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H G Christie Ltd

Dwayne Wallas
P.O. Box AB.20106 Bay Street
Marsh Harbour, Abaco, Bahamas
$2,499,000
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Price / Sq. Ft.:
$185 /
10
Bedrooms
32
Full Baths
13,524 Sq Ft.
Interior
.4 Acres
Exterior
Commercial
1992
Year Built
F1603081131700243
Web Id
AS12355
MLS ID
532
days ago

About Abaco Towns, Regattas Condos

Prime investment opportunity with 3 options to maximize the return and minimize risk. On offer is a re-development opportunity of a prime location in the growing township of Marsh Harbour, Abaco Island. This is a 16 unit condominium complex currently operated as a timeshare facility which has come up for purchase in the first time in its 22 year history. The timeshare business model is fading allowing the ripe opportunity to develop the property into something great once again.

Each of the 16 apartments have 2 bedrooms, 2 bathrooms, and open concept living dining kitchen room and each apartment has a wonderful view of the sea and beachfront at the complex. The furnishings and equipment are all in good order though perhaps a little dated. Low cost maintenance - concrete construction, fiberglass roof tiles, ceramic floor tiles, double glazed windows and central air conditioning throughout. The 3 buildings are part of the Regattas Condominium complex and share the use of the tranquil beach, the beautiful pool, tennis courts and laundry facilities. The location could not be better, sitting right in the middle of the busiest tourist district of Abaco between Abaco Beach Resort, The Conch Inn and restaurant row. Plenty of dining and shopping amenities within easy walking distance. The ferry dock to the outer cays is also an easy 4 minute drive.

Marsh Harbour and the wider Abacos are poised to see substantial growth in the near future with recent major infrastructural upgrades already completed along with several private projects about to see some sustainable growth boosting the local economy. The 3 most obvious options for this property entail A) operating as a 32 room 4 start hotel property, B) flip the condos individually or C) renovate the apartments with upgrades and improvements and then resell them. One more possibility would be to combine all three options above and operate a 5 start beachfront condo-hotel with shared risk and profit. Turnkey ‘as is’ gross revenue potential is upwards of US$400,000.00 without doing anything to the property. Call or email now for more details on this chance offering.

Amenities

  •  Cable / Satellite TV
  •  Island
  •  Pool

features

lot description
Hill / Mountain View, Waterfront