Property Search
| ||||||||||||||||
| ||||||||||||||||
| Features: Garden, Pool, Parking, Disabled Access, Terrace / Deck, Pets Allowed | ||||||||||||||||
| Amenities: Tennis Court, Shops, Bars & Restaurants, Medical Facilities, Near beach resort, In beach resort, Near the Sea, Near mountain, In vacation place, In fishing area, In hunting area, Near a golf course, 24 Hour security, Childrens Swimming Pool, Near a Lake, By a Lake, Sea View, By the Sea, Sauna, Jaccuzi, Lake View, Garage, Near City, Near Town | ||||||||||||||||
|
Description: A "Tailormade Investment Village" - The Heights at Lake Cunningham Luxury Apartments in Bahamas For Sale. The best and highest location on the Bahamas. Exclusive gated development and the only quality development we have found in the world with views of both lake and ocean. Luxury Villas from $1,162,000. Penthouses and Apartments from $640,521. The Villas are of the highest quality & specification and at least 10% below market value based on price per square foot. Only 30% deposit then nothing more to pay until completion. The top tier of villas will be complete around Autumn 2008. Imagine for a moment... Stepping out of your private veranda to one of the most spectacular views in Nassau. From high above, your panoramic view covers the new Baha Mar Mega Resort and Casino, on the horizon on Cable beach, downtown Nassau, Paradise Island, to the Ocean and beyond. The views will keep you mesmerized for a lifetime. Welcome to a tropical paradise, in today's fast-paced world full of people, stress and tension, we need a place where we can escape it all. One address stands alone. A place known for its spectacular views, serenity, tranquility, privacy and refined luxury. We call this place The Heights at Lake Cunningham. Perched on a hilltop, The Heights at Lake Cunningham is a luxurious Town House and apartment Community. Residents enjoy breathtaking views of the turquoise Atlantic waters, sparkling water of Lake Cunningham and a serene landscape desired by many, enjoyed by few. The Heights began with a vision to establish a new benchmark in luxury residences. With the demanding requirements of timeless architecture, luxury amenities, premium materials and a most desirable location in all of Nassau. The Heights at Lake Cunningham is truly a paradise where every detail has been included With no expense spared in design and construction, enjoy open plan living with breathtaking views from every room. Three models of Villa are offered in a Townhouse configuration; Belleview, Avalon and Chateau available in 3 bed 3 ½ bath, 4 bed 3 ½ bath, 5 bed 4 ½ bath all with Media rooms (upgrade options available). Featured is a luxury furniture package, floor to ceiling windows, wide balcony. Villas include private terrace & garden with an extra outdoor kitchen and barbeque and private media room with pre-wiring for full house entertainment system. Luxury Villas from $1,162,000 Penthouses and Apartments from $640,521 Frequently Asked Questions Q; Are the properties Freehold? A; Yes, all villas and apartments are freehold. Q; What is the target completion date of the whole project? A; Early 2009. The top tier of villas will be complete around Autumn 2008. Q; Are there swimming pools? A; Yes, there is a communal swimming pool available for the apartments as part of the spacious and tropical common area which will include, water features, cabana amenities, and entertainment areas. Each villa has its own private Jacuzzi and all Chateau models and some Avalon models have a private pool. Q; What Security is planned for the project? A; This enclosed and secured community will be monitored twenty-four hours by trained security personnel including reinforced security gates and Monitored Electronic Security Systems. Street Lights are also provided. Q; What are the likely property /local /council taxes the owner would incur? A; Annual Real Estate Taxes are levied in The Bahamas annually: For Owner-occupied property: Up to US$250,000 Nil, US$250,001 - US$500,000 0.75%, Over US$500,000 1.0 (max $35,000). Other property, e.g. pure rental use: Up to US$500,000 1.0%, Over US$500,000 2.0% Q; What are the proposed service charges? A; A preliminary figure of $840-$895 per month for the villas has been quoted which covers communal areas, security, waste management, lawn maintenance. Charges for the apartments will be somewhat less, to be advised in Spring 2008. A maintenance company will be set up to administer the development which will be overseen by the Homeowner’s Association. Q; Where Exactly is the Development? A; On the south eastern hills overlooking Lake Cunningham, adjacent to John F. Kennedy Drive. The Lake is south east of Cable Beach and to the west of Nassau. Just minutes from the Airport, Cable Beach, downtown Nassau and 20 minutes away from the world famous Atlantis Resort. The new Bahamas Mega Resort and Casino is minutes away which is destined to significantly increase capital values in the area around Lake Cunningham. Q; What is the flight time from the UK and other major cities? A: Nassau International Airport is 9 hours flight from the UK and Europe and a few hours from most major US and Canadian hubs. South Florida is a 30 minute flight from Nassau. The Heights at Lake Cunningham is only minutes away from Nassau's quiet international airport. Q; Do you have pictures of the views? A: Yes, there are actual views taken on the development - see very top of this page. Q; Who is the builder? A: P & P Development Company Limited are part of Heavy Marine & Foundations, Bahamas, Ltd., the premier construction company on the island. The development team have extensive experience of developing in The Bahamas and nearby Caribbean islands. Heavy Marine & Foundations, Bahamas, Ltd., is a fully licensed and insured Bahamian firm capable of handling upland and offshore construction projects and infrastructure development. They represent over 100 years of experience in the construction industry. They are capable of creating buildings utilizing traditional construction methodologies as well as implementing the latest in construction. Q; What is the method of construction? A: Steel reinforced concrete foundation and reinforced masonry wall construction with steel reinforced tie beams with texture stucco finish, all pre-treated wood used inside and outside of all units. All doorscode approved Aluminum hurricane impact, Fiberglass Systems. Q; Can I visit the site during construction? A: Yes, site visits can be arranged so that you can be satisfied as to the construction of the building. Q; Who will maintain the building and grounds? A; The maintenance company, mentioned above will be responsible for ensuring the building and gardens are thoroughly maintained. Q; Can I purchase the property with a mortgage? A; Yes our Client Support Unit and Sotheby’s Associates in Nassau can assist with this. We have sourced an excellent mortgage broker in Nassau. They are able to obtain a decision in principle for you prior to you exchanging contracts. Typical loan to value is 70%. Q; Can you recommend a lawyer on the island and what do they charge? A; Yes again our Client Support Unit and Sotheby’s Associates in Nassau can assist with this. We typically recommend two or three lawyers for you to choose. Each one is briefed on the project and familiar with the deal. You should budget for 5% of the purchase price for stamp tax and 2.5% to 3% for all legal and notary costs. Q; What about Income Tax and Capital Gains Tax A; The Bahamas is one of the most well known tax havens in the world. There is no Income Tax on rentals or Capital Gains Tax when you sell your property. For more specific requirements please enquire to one of our Client Relations advisors who will put you in touch with the relevant advisor. Q: What is included in the Interiors? A; All properties will be completed to the highest finishes with fitments to include: * Air Conditioner * Cable TV Outlets * Oak wood floors * Carpets in some rooms * Game room * Volume Ceiling * Ceiling Fans * Linen & Storage Closets * Decora Light Switches * Custom designed European style kitchen, * Granite countertops, * Kitchen Aid, GE and Kohler appliances and polished chrome faucets. * Dishwasher Dryer * Refrigerator * Wall Oven * Washer & Dryer * Microwave * Featured is a luxury furniture package, floor to ceiling windows, wide balcony. * Villas include private terrace & garden with an extra outdoor kitchen and barbeque and private media room with pre-wiring for full house entertainment system * Apartments benefit from communal swimming pool and lush tropical communal area with water features * In-house security system * Garbage Disposal * Smoke Detectors Q; How do I purchase? A; A reservation deposit of US$10,000 or £5,000 is required to secure the apartment or villa of your choice. It is refundable for 14 days. As a member we will pay for three night’s accommodation and our partners in Nassau, Sotheby’s will arrange transfers and show you around the property. You have 7 days after the viewing trip to let us know if you wish to proceed. If not no problem your deposit is refunded, (we will make a small deduction for costs incurred). If you wish to proceed our Client Support Unit will ensure you have all the documents and information to exchange contracts within 28 days whereupon the balance of the 30% deposit is due, we do insist that before you reserve you ensure that you are able to meet this 28 days deadline for paying the 30% deposit. The final balance is due on completion varying from Autumn 2009 for the top tier and March 2009 for the apartments. You may choose to finance this with a mortgage. Our Client Support Unit and partners, Sotheby’s will assist with this through our recommended broker. |
||||||||||||||||
|
||||||||||||||||
 |
||||||||||||||||
)
)
)
)
)
