*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 – SATURDAY April 16, at 11am

 Bid in Person - Venice, Florida  (TO BE DETERMINED) 

 Bid Online Now - Open Registration until 4 Days in Advance of Auction Day.

 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.

 “Bid Now”   AUCTIONING Two Bahama Properties

*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.

AUCTION MANAGER Janet Cronin 941-225-5289 or Janet@VanDeRee.com

REALTOR AGENT Catherine L. MacLeay, Estate Agent,  Coldwell Baker James Sarles Realty

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.