Apartment Building for Sale in Freeport, Grand Bahama, Grand Bahama, Bahamas

Charming Golf Course Building Walk to the Beach

The Colindale is a premier Grand Bahama golf course apartment complex located directly on the prestigious Bahama Reef Golf Course in Lucaya and offers beautifully decorated and equipped 1 and 2 bedroom condo units.

This building was completely renovated and outfitted with top quality materials and finishes. All units feature modern interior design, ceramic tiled floors, granite counter tops, stainless steel appliances, custom-designed cabinetry, built in microwave, washer/ dryer and a customized master closet. The units come fully equipped for short-term or long-term leasing and include electronics, dishes and linens, cable internet and telephone service. The interior of these Grand Bahama Golf Course apartment units feature contemporary and stylish furnishings and there is little competition on the market for executive rentals on this caliber. Each unit boasts a private balcony with expansive views of the Reef Golf Course, one of Grand Bahamas’ most popular golf courses.

The exterior grounds are lushly landscaped and an inviting pool and deck area to the rear of the building overlooks The Reef Golf Course. The entire property is fenced in and the front features a wall and electronic gated entry. The building itself is beautiful, well presented and impeccably maintained. This Grand Bahama golf course apartment building is also ideally located within walking distance to a fantastic white powder sand beach known as Lucayan Beach which leads to the Our Lucaya Resorts to the East. Additionally, Port Lucaya Marketplace and Marina, the hub of activity on Lucaya, is located just one mile away. Grocery shopping, banks and bill paying is also easily reached within 2 miles. This Grand Bahama golf course apartment building is located in Lucaya, however, downtown Freeport, the professional business district and the domestic and international airports are easily accessed within a 10 minute car ride.

This Grand Bahama golf course apartment building makes an ideal investment property and has successfully remained at 75 to 100% occupancy since completed. For a savvy investor, this building could make an excellent rate of return as well as a continually increasing capitalization rate as rent amounts continue to climb as development grows on Grand Bahama Island. The neighboring property, with plans and approvals in place, is being sold inclusive of the building. An artistic rendering of that building is included herewith. The neighboring vacant Grand Bahama golf course lot, No. 2B, offers the investor further options to develop.