*ABSOLUTE AUCTION Properties on Grand Bahama Island - To Be Sold Separately
"Grand Bahama Island – Pelican Point Unique 10 Acres”
Perfect Residential or Commercial Project
No Yearly Taxes – Owner Financing Available
(Only Acreage in Pelican Point for sale)
“Off-Site" Auction – THURSDAY October 7, at 1pm
Bid in Person - Venice, Florida at Holiday Inn Express, 380 Commercial Court(I75@Exit 193). Registration @12noon
or
or
Bid by Phone - Call 941-488-1500 Open Registration until 4 Days in Advance.
ISLAND FEATURES
Grand Bahama Island is approx. 50 miles east of Palm Beach, Florida in the Alantic Ocean
Pristine Long Stretches of Deserted Clean Pearly White Beaches
Nightlife of excitement at Restaurants, Casinos and Dancing
Saltwater Adventures of World-Class Scuba Diving
Popular Tourist Destination/Getaway
Historical Charm
Romance
PROPERTY FEATURES
10 Acres = (258 ft W x 1704 ft D)The width is the almost the length of a football field.
Utilities: Elec, Water, Telephone and Cable
Main Road is Paved
Government Proposed Road on West Side of Property
No Property Taxes
No State Income Taxes
No Capital Gains Taxes
Tax Shelter
Open Zoning
Bahamian Corporation
Ocean View Tropical Paradise Coastal Property
Beauty: Film industries dream location for many movies.
Unique: Only Acreage in Pelican Point for sale.
Proposed Subdivision: Site Development plan to accommodate 44+/- home sites.
Open Zoning: 10 acres for Homes, Condos, and/or a Resort area.
Investment: This property is great for a large Mansion, and/or Condos and World Class Restaurant.
Grand Bahama Island: Coastal Property with beautiful Ocean views to make your future a scene one.
Remarks: Owner has property title with no mortgage, therefore he can provide financing for the right buyer.
Owner Financing Available: $300,000 down, 1% interest per month over 5 years on the unpaid balance, with a balloon at the end of this term.
Why Celebrities Want Homes in the Bahamas
The Bahamas has one of the largest registers of celebrities who reside permanently or have legal residential status in a country not of their native birth, hometown or place of origin. This is primarily due to the favourable financial sector that is tax free (from income, capital gains, sales tax, among others) and is one of the top three worldwide centres in offshore banking. Also, there is a high quality tourism product, ranking first in the Caribbean and Atlantic region among island destinations. Another is a favourable immigration policy toward wealthy nationals. Those who want permanent residential status it can be arranged through an investment. Proximity to the United States and Canada also play a vital role in this social phenomenon.
NOTABLE RESIDENTS
Johnny Depp - Owns Private Island. Pirates of the Caribbean shot part of their 3rd film here on Grand Bahama Island. Some Grand Bahamians were pirates and some were behind the scenes crew.
Nicolas Cage, Joe Lewis, Sean Connery, Sidney Poitier, Tim McGraw and Faith Hill, Rick Fox, Tiger Woods, Barry Bonds, Terry Manning, Mariah Carey, Peter Nygar, David Copperfield, Shakira Mebarak, Michael Jordan, Bill Gates, Lenny Kravitz, Sean "Diddy" Combs, John Travolta, Daniel Nestor, and Eddie Murphy.
PROPERTY LOCATION: Approximately 50 miles East of Palm Beach, Florida. East End of Grand bahama Island.
BIDDING TERMS: $20,000 deposit in cash, cashier's check, local business or personal check for this auction to bid. High bidder & back up bidder will be going under contract and making deposits. An additional deposit in 7 days for a total deposit of 10%. 10% Buyers Premium. Closing within 60 to 120 days with Bahamian attorney.
*The seller fully expects to take the last and final bid for both of these properties and has agreed to absolutely sell at least one, REGARDLESS OF THE BID PRICE, at Absolute Auction.
Vanderee Auction Company, 710 Laguna Dr. Venice, Florida 34285 AU460 www.VanDeRee.com Prior to auction day all bidders have the opportunity to inspect this property as it will be auctioned “As Is”. All ancillary information presented on this web-site is not guaranteed and should be independently verified by the users of this site. REAS and VanDeRee Auction Company make no warranty, either expressed or implied, as to the accuracy of the data contained within or obtained from this web-site.