Martel Place | $1,295,000
Oscar Porter Agent Photo
Oscar
Porter
SAND & SEA BAHAMAS


Bahamas

Details

%
Years (35 year max)
Years



Address Martel Place
AreaGrand Bahama/Freeport
Sub AreaBell Channel
CountryBahamas
Price$1,295,000
Property TypeFourplex
Bedrooms8
Bathrooms8
Floor Space2000 Square Feet
Lot Size0.76 Acres
ParkingGarage & Carport
MLS® #42353

Frangipani resides on the canal in prestigious Bell Channel Bay with 132' water frontage located by Taino Beach; minutes from the ocean with its pristine sandy beaches and the Taino Beach Resort restaurants, pools, beaches, and amenities. Enjoy a ferry boat ride across Bell Channel Bay to the famous 'Square' featuring restaurants, bars, shopping, and live entertainment adjacent to the ocean side of the Grand Lucaya Resort Hotel. Frangipani is two separate buildings, each having two townhouses villas (total of 4). The complex is for sale with a Builders Investment License (cheapest on the island). Also, it inclusive a Bond offering duty-free import taxes on materials, furnishings, appliances, etc., and vehicles at tax rates that can exceed 75 percent (which would exist if there was no bond)! The yearly service charge on this property for all common areas such as roads, lighting, landscaping, and maintenance paid in full for life (one of the few grandfathered properties on the island). These spacious brick villas pay for themselves as luxury rentals. These villas composite two bedroo

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Data Source: Statistics Canada