*ABSOLUTE AUCTION Properties on Grand Bahama Island - To Be Sold Separately

"Grand Bahama Island – Silver Cove Deep Saltwater Front Lot No. 112 Section 1”

Perfect Residential or Commercial Project

No Yearly Taxes – Owner May Finance

(Direct Shot from inlet this Deep Saltwater Front Lot is in Silver Cove)

  “Off-Site" Auction – SATURDAY April 16, at 11am

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

 or 

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

 or

 Bid by Phone - Call 941-488-1500 Open Registration until 4 Days in Advance of Auction Day.

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

226 ft x 50 ft x 120 ft x 191 ft

Deep Saltwater Front Lot depth 12 ft

Utilities: Water, Electric, Sewer, Telephone & Cable.

2 minutes to Lucaya Casino

5 minutes to Airport

In Freeport Area

No Property Taxes

No State Income Taxes

No Capital Gains Taxes

Tax Shelter

Open Zoning

Bahamian Corporation

Dimensions: Bounded Northwardly, by a paved road and part of cul-de-sac, known as Silver Court and running thereon Two Hundred and Twenty-Six(226.0) feet: Southwardly, by a manmade deep water canal running thereon, Fifty (50)feet; Eastwardly, bounded by a private property, and running thereon One Hundred and Twenty (120.0) feet and bounded Westwardly by another private property, designated as Lot No. 111, in the said subdivision and running thereon One Hundred and Ninety-One and Seventy-Eight Hundredths (191.78) feet, which said piece parcel or lot of land has such positions, boundaries, shapes marks and dimensions are shown on the plan hereto attached. (See the downloadable Appraisal Report for Map.)

Beauty: Film industries dream location for many movies.

Unique: Silver Cove lot water frontage has direct inlet to ocean.

Deep Saltwater Front Location: Is zoned Tourist Commercial, which translates to occupation of Hotels, Motels, and/or Residential. This waterfront property is 12 ft deep.

Investment: Home, Condos, World Class Restaurant, and/or Bed and Breakfast.

Grand Bahama Island: Has many investment opportunities which can be tax sheltered. There are no property taxes, capital gains or state income taxes.

Remarks: Owner has property title with no mortgage, therefore he may provide financing for the right buyer.

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. Silver Cove is in Freeport, 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

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.