7 Best Invest

Introduction

A "Tailormade Investment Village" - The Heights at Lake Cunningham

Luxury Apartments & Villas in Bahamas For Sale

The best and highest location on the Bahamas.
Exclusive gated development and the only quality development we have found in the world with views of both lake and ocean

Luxury Villas from $1,162,000
Penthouses and Apartments from $640,521

Currency Converter Below

The Villas are of the highest quality & specification and at least 10% below market value based on price per square foot

Only 30% deposit then nothing more to pay until completion

The top tier of villas will be complete around Autumn 2008.

Imagine for a moment... Stepping out of your private veranda to one of the most spectacular views in Nassau. From high above, your panoramic view covers the new Baha Mar Mega Resort and Casino, on the horizon on Cable beach, downtown Nassau, Paradise Island, to the Ocean and beyond. The views will keep you mesmerised for a lifetime.

Welcome to a tropical paradise, in today's fast-paced world full of people, stress and tension, we need a place where we can escape it all. One address stands alone. A place known for its spectacular views, serenity, tranquility, privacy and refined luxury. We call this place The Heights at Lake Cunningham.

Perched on a hilltop, The Heights at Lake Cunningham is a luxurious Town House and apartment Community. Residents enjoy breathtaking views of the turquoise Atlantic waters, sparkling water of Lake Cunningham and a serene landscape desired by many, enjoyed by few.

The Heights began with a vision to establish a new benchmark in luxury residences. With the demanding requirements of timeless architecture, luxury amenities, premium materials and a most desirable location in all of Nassau. The Heights at Lake Cunningham is truly a paradise where every detail has been included

With no expense spared in design and construction, enjoy open plan living with breathtaking views from every room. Three models of Villa are offered in a Townhouse configuration; Bellview, Avalon and Chateau available in 3 bed 3 ½ bath, 4 bed 3 ½ bath, 5 bed 4 ½ bath all with Media rooms (upgrade options available). Featured is a luxury furniture package, floor to ceiling windows, wide balcony. Villas include private terrace & garden with an extra outdoor kitchen and barbeque and private media room with pre-wiring for full house entertainment system.

Luxury Villas from $1,162,000
Penthouses and Apartments from $640,521

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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Investment

7 Best Invest Says

"This is one of the most outstanding developments we have seen in the Caribbean, and a truly world class product. Its location on Lake Cunningham the highest elevation on the Island, is well placed to make the most of the Bahamas' beauty, lake activities and peace and quiet while still offering fantastic beaches, water sports, downtown shopping & nightlife and enjoyment of the Atlantis resort.

We see these villas as a hold for over 5 years as they offer excellent rental demand and excellent prospects for capital growth."

Return on Investment Table

Rule of 72

• The "Rule of 72" is a rule of thumb that can help investors compute when their money will double at a given compound interest rate.
• It is called the rule of 72 because at 10% compound interest, money will double every 7.2 years, and at 7.2% money will double every 10 years.
• To find the number of years required to double your money at a given compound interest rate, you just divide the interest rate into 72.
• For example, if you want to know how long it will take to double your money at eight percent compound interest, divide 8 into 72 which gives 9 – hence at 8% compound interest money will double in 9 years.
• You can also run it backwards: if you want to double your money in six years, just divide 6 into 72 to find that it will require a compound interest rate of about 12%.
• The ready-reckoner below gives the number of years money will double at a given compound interest rate using the rule of 72.

Why is this an outstanding luxury investment opportunity?

The location of The Heights at Lake Cunningham on the highest point on New Providence provides a commanding setting to take in sweeping views of the Island. The properties are an ideal candidate for capital growth and rental demand.

Key Points

• Unique location with Spectacular views of the Crystal Lake and turquoise Caribbean Sea, downtown Nassau, Paradise Island and Cable Beach are also in view
• We expect very good capital growth over the next 5 years, we always quote 7.2% pa but expect around 10%
• No other properties like The Heights in The Bahamas that match the quality of build and unique location
• Below market value at least 10% based on current sales elsewhere on the Island
• New Baha Mar ‘Vegas’ style hotel and casino resort is being built between Cable Beach and Lake Cunningham. The Heights at Lake Cunningham’s gated entrance will be just off the main road on the way to Atlantis and Cable Beach from the airport – a new road will be completed by end 2008, which means the new ‘gateway’ to Cable Beach, will be opposite The Heights’ access road to the gated driveway. This will drive capital values upwards around Lake Cunningham
• Powder white and pink sand beaches with modern infrastructure, great amenities and first-class hotels and restaurants, are not found everywhere, but The Heights at Lake Cunningham benefits from it all
• Close to downtown Nassau, Cable Beach and Paradise Island with its Atlantis Casino Resort and ‘millionaires’ marina
• Property prices has doubled in the last 10 years on New Providence, while properties in some of Bahamas Islands have soared by 80-90%, the government of Bahamas has made it a goal to have a resort on every island in the Bahamas
• The Bahamas continues to attract affluent and famous visitors and investors due to its great location near Florida, lush scenery, amazing beaches and excellent modern infrastructure

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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Features

Development:

7 Best Invest are offering 17 extremely luxurious Townhouse Villas and 21 high spec luxury apartments all with spectacular views of Lake Cunningham. This unique development is located on the highest point of land in New Providence. They are offered as either an investment or as a perfect luxury retreat, with letting and management companies available and mortgage providers are in place too. The Apartments are very large ranging from 1,850 sq ft to 2,866 sq ft and Villas are 3,172 sq ft to 5,800 sq ft. The development is due for completion in late 2008 and early 2009.

In addition to being Nassau's first and most unique luxury hilltop community, The Heights at Lake Cunningham represents an outstanding real estate investment opportunity for the discerning buyer. We invite you to the Heights at Lake Cunningham experience. Come see for yourself how we have combined the best of old world craftsmanship and cutting edge technology, with the luxurious interior amenities that place this development in a class of it's own. As the expression goes, "timing is everything," and now is the time for The Heights at Lake Cunningham.

Specification:

With no expense spared in design and construction, enjoy open plan living with breathtaking views from every room. Three models of Villa are offered in a Townhouse configuration; Bellview, Avalon and Chateau available in 3 bed 3 ½ bath, 4 bed 3 ½ bath, 5 bed 4 ½ bath all with Media rooms. The apartments come in 2 bedroom configuration with a choice of ground floor, first floor or large 3 bed duplex penthouses. All properties come with parking.

Featured is a luxury furniture package, floor to ceiling windows, wide balcony. Villas include private terrace & garden with an extra outdoor kitchen and barbeque and private media room with pre-wiring for full house entertainment system.

24 hr security, lush landscaping, steel reinforced concrete construction, impact resistant glass, private driveway, central a/c, Jacuzzi tub, private pool in the Chateau and Avalon Villa models, in-house security system, Oak wood floors, custom designed European style kitchen, granite countertops, Kitchen Aid, GE and Kohler appliances and polished chrome taps.

Among the items included in the luxury package are European style wooden cabinets, granite countertops and high quality built-in stainless appliances. This enclosed and secured community will be monitored twenty-four hours by trained security personnel. The spacious and tropical common area will include a community pool, water features, cabana amenities, and entertainment areas.

Location

Just minutes from the Airport, Cable Beach, South Western part of Island, downtown Nassau and 20 minutes away from the world famous Atlantis Resort. The new Bahamas Mega Resort and Casino is minutes away which is destined to significantly increase capital values in the area around Lake Cunningham. Bahamar will offer Gourmet dining, premier shopping, golf courses, casinos, marinas, beaches, cultural and recreational activities lie in wait. More information on Nassau and the Bahamas below.

Getting there

Nassau International Airport is 9 hours flight from the UK and Europe and a few hours from most major US and Canadian hubs. South Florida is a 30 minute flight from Nassau. The Heights at Lake Cunningham is only minutes away from Nassau's quiet airport.

Residence Features

• Air Conditioning
• Cable TV Outlets
• Carpets
• Game room
• Volume Ceiling
• Ceiling Fans
• Linen & Storage Closets
• Decora Light Switches
• Garbage Disposal
• Smoke Detectors
• Dishwasher Dryer
• Refrigerator
• Wall Oven
• Washer & Dryer Unitised Spacemaker
• Microwave

Residence Community Features

• Breathtaking views
• State of the art gym facilities & racquetball court, professional style & grill
• Community swimming pool
• Convenient location to premier shopping gourmet dining
• Cultural and recreational activities
• Beautifully landscaped boulevard to entrance
• Homeowners association
• Lush landscaping
• Private community
• Street lights
• Security - 24-hours-a-day including reinforced security gates and monitored electronic security systems

Exterior Features

• Construction - Steel reinforced concrete foundation and reinforced masonry wall construction with steel reinforced tie beams with texture stucco finish, all pre-treated wood used inside and outside of all units.
• Doors - Patio - All code approved Aluminium hurricane impact, Fibreglass Systems.
• Driveway - Private driveway and parking spaces.
• Electrical Outlets/Outside - 2 GFT outlets.
• Exterior Lighting - Coach lights by front door.
• Front Door - Specially engineered fibreglass door provides maximum protection and durability - Code approved 8' door - Authentic wood door appearance will not dent or rust, resists splitting, cracking and warping - Specialty decorative glass with carving on door and two sidelights - matching wood transom.
• Front Door Hardware - Baldwin, Schlage, Quikset or Cifial entry handset - Polished chrome.
• Hose Bibs - 2 locations.
• Landscaping - Fully landscaped with turf, trees, and plants.
• Patio - Located under roof overhang.
• Roof - Cement tile.
• Windows - All code approved Aluminium hurricane impact, Fibreglass System.
• B.B.Q. (villas only) - Built in barbeque with Bar Entertainment area - DCS 30" Professional Stainless Steel Grill - Smart Beam Grill Light - Battery Ignition - Stainless steel Grilling Grates - Ceramic Radiants - Infrared Rotisserie Burner - Rotisserie Motor - Removable Warming Rack - Under counter storage with stainless steel doors - Stainless Steel Refrigerator with wine cooler - Stainless Steel Beer keg with dispenser spout - Tiled bar and countertops - Kohler over mount stainless steel sink - Polished chrome taps.
• Water Filtration - Water purifying system to filter water throughout home.

Apartment and Villa Information

21 Apartments in total:

• 7 of which are standard ground floor 2 bedroom apartments
• 7 of which are standard first floor 2 bedroom apartments
• 7 of which are 3 bed duplex penthouses based on the following ...

2 Detached Villas in total:

• 2 Identical detached 3 bed + media Room + Bonus room, 4 storied townhouses

15 Semi Detached Villas in total:

All based in groups of 3 units per plot.
Each unit has 3 different styles of villa:

• Chateau: (Top Price)
• Bellview: (Mid Price)
• Avalon: (Lowest Price)

The Bellview and the Avalon are the same specification although the Bellview is a little larger.
Both 3 bed plus media room based on 3 floors.

The Chateau is based on 4 floors with a loft containing a bonus room. Again 3 beds with media room and larger square foot.

The prices vary depending on location in the site and pool variations. - see price list below

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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Finance

Bahamas Price Lists

(Apartment price list below villa price list.) -- Currency Converter Below

Click Here to Download PDF Version of Villas Price List

Bahamas Luxury Villas Price List
$10,000 reservation deposit required

Floor / Tier	Type	Bed / Bath	Area sq. ft	Price US$	30% Deposit US$
Top Tier
A	A1 - Chateau	4 bed 4.5 bath	5800	$2,480,085	$744,026
A	A2 - Chateau	4 bed 4.5 bath	5800	$2,480,085	$744,026
B	B2 - Bellview	3 bed 3.5 bath	3172	$1,213,202	$363,961
B	B3 - Avalon	3 bed 3.5 bath	4632	$1,816,120	$544,836
B	B1 - Chateau	4 bed 4.5 bath	4958	$1,938,488	$581,547
C	C2 - Bellview	3 bed 3.5 bath	3172	$1,213,202	$363,961
C	C3 - Avalon	3 bed 3.5 bath	4632	$1,816,120	$544,836
C	C1 - Chateau	4 bed 4.5 bath	4958	$1,938,488	$581,547
Middle Tier	Type	Bed / Bath	Area sq. ft	Price US$	30% Deposit US$
D	D2 - Bellview	3 bed 3.5 bath	3172	$1,162,381	$348,714
D	D3 - Avalon	3 bed 3.5 bath	5000	$1,765,299	$529,590
D	D1 - Chateau	4 bed 4.5 bath	4958	$1,887,667	$566,300
E	E2 - Bellview	3 bed 3.5 bath	3172	$1,162,381	$348,714
E	E3 - Avalon	3 bed 3.5 bath	3299	$1,337,803	$401,341
E	E1 - Chateau	4 bed 4.5 bath	4293	$1,887,667	$566,300
F	F2 - Bellview	3 bed 3.5 bath	3172	$1,162,381	$348,714
F	F3 - Avalon	3 bed 3.5 bath	3299	$1,337,803	$401,341
F	F1 - Chateau	4 bed 4.5 bath	4293	$1,938,488	$581,547

Click Here to Download PDF Version of Apartments Price List

Bahamas Luxury Apartments Price List
$10,000 reservation deposit required

Floor / Apt. No.	Type	Area sq. ft	Price US$	30% Deposit US$
Ground Floor
1	2 bed apartment	1850	$640,521	$192,156
2	2 bed apartment	1850	$640,521	$192,156
3	2 bed apartment	1850	$640,521	$192,156
4	2 bed apartment	1850	$640,521	$192,156
5	2 bed apartment	1850	$640,521	$192,156
6	2 bed apartment	1850	$640,521	$192,156
7	2 bed apartment	1850	$640,521	$192,156
First Floor	Type	Area sq. ft	Price US$	30% Deposit US$
8	2 bed apartment with garage	2240	$843,806	$253,142
9	2 bed apartment with garage	2240	$843,806	$253,142
10	2 bed apartment with garage	2240	$843,806	$253,142
11	2 bed apartment with garage	2240	$843,806	$253,142
12	2 bed apartment with garage	2240	$843,806	$253,142
13	2 bed apartment with garage	2240	$843,806	$253,142
14	2 bed apartment with garage	2240	$843,806	$253,142
Second Floor	Type	Area sq. ft	Price US$	30% Deposit US$
15	3 bed Penthouse with garage	2866	$996,269	$298,881
16	3 bed Penthouse with garage	2866	$996,269	$298,881
17	3 bed Penthouse with garage	2866	$996,269	$298,881
18	3 bed Penthouse with garage	2866	$996,269	$298,881
19	3 bed Penthouse with garage	2866	$996,269	$298,881
20	3 bed Penthouse with garage	2866	$996,269	$298,881
21	3 bed Penthouse with garage	2866	$996,269	$298,881

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Bahamas Mortgage Information

US dollar mortgages are available in The Bahamas and are an option we recommend when purchasing in The Heights at Lake Cunningham.

• Banks are usually prepared to finance between 65% to 70% of the Sale price. 
• Interest rates are typically 6% to 8% but are linked to United States Libor and Prime base rates, which as at early 2008, are on a downward cycle.
• Interest only mortgages are available but these arrangements are not as common as in the UK or Spain for example. Banks typically prefer principal and interest payments.
• Generally mortgage terms for non-residents are 10 to 20 years.
• The borrowers total monthly mortgage payment should not exceed 40% to 45% of their monthly income to qualify.
• For high net-worth individuals there are more products available depending on the size of their respective portfolios. In all cases full documentation will be required.
• Documentation process -  Lenders require proof of identity, income verification and any documentation relating to the proposed purchase, e.g. valuation/appraisal, sales contract. For those that are self employed, the documentation process can be more extensive as a Lender would require additional documents, e.g.  Audited Financials, Bank statements etc.
• Our Client Support Unit and Sotheby’s Associates in Nassau can assist with a mortgage. We have sourced an excellent mortgage broker in Nassau. They are able to obtain a decision in principle for you prior to you exchanging contracts. Typical loan to value is 70%.

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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How Do I Buy ?

Introduction

We are aware that purchasing property can often be a daunting and painstaking experience. At 7 Best invest we operate a client relations team that can give you one-to-one personalised service that ensures that your purchasing experience is an enjoyable one. We can give you as much or as little assistance as you require. We operate a hassle free policy which allows you to feel at ease and digest all the information in your own time before making any decisions.

We know our products are some of the best investments in the world. We are simply here to advise you which one is best suited to your needs.

Step 1: Enquire for more information on our products

Our client relations team will respond to your enquiry by sending you all the relevant documentation you have requested, including brochures, price listings and development information.

Step 2: Request Viewing

Our client relation team will take care of all your travel and accommodation needs for you. We can arrange your flights for you and 7 Best Invest will pay for your accommodation for up to 3 days in one of the local 4 star hotels.

Our local operations director will personally meet you from the airport and take you to your hotel. Once you have settled then our operations director will take you to the development site for your viewing where you will be given as much time as you need to look over our properties and the local areas.

We can at this time arrange for meetings with our lettings agent and any of the local banks or solicitors that will help you with your purchase.

NB: We require a 10,000 Dollar deposit to arrange your viewing trip, which is fully refundable.

Step 3: Agree to Purchase

At this point our client relations team will send you the relevant forms for your signature and a 30% deposit will be put down to ensure the sale. Once the contracts have exchanged within 28 days we can then refund any viewing trip cost that you have incurred, for example flight and excursion costs.

Step 4: Completion

Our local operations director will meet you in person on location for the completion. At this stage you will meet with the notary/Solicitor and the local bank to sign off for the mortgage. All of the final payments will be made, for example notary fees, IVA costs and the balance for the property. Once all the commercials have been agreed, the sale will be completed and the keys will be yours. Once again our operations director will be with you personally to ensure that everything goes as smooth as possible.

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783)

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About The Area

Nassau

Nassau is the capital city and commercial centre of the Commonwealth of the Bahamas. The city has a population of 210,832 (2000 census), nearly 70 percent of the entire population of the Bahamas (303,611). Lynden Pindling International Airport, the major airport for the Bahamas, is located about 16 kilometres or 10 miles west of downtown Nassau, and has daily flights to major cities in the United States, Canada, the United Kingdom, and the Caribbean.

The city is located on the island of New Providence, which functions much like a federal district. While there is no local government, it is governed directly as an administrative division of the national government.

Geography - Located on New Providence island, Nassau has an attractive harbour, a colourful blend of old world and colonial architecture and a busy port. The tropical climate and natural beauty of the Bahamas has made Nassau a popular tourist destination, with a reputation for relaxing days and an exciting nightlife.

Summertime temperatures rarely exceed 33 °C (92 degrees Fahrenheit) and the winter months have daytime temperatures between 20 and 26 °C (68 and 80 °F), rarely falling below 10 °C or 50 °F.

The city's proximity to the United States (180 miles or 290 km east-southeast of Miami, Florida) has also contributed to its popularity as a vacation spot, especially after the banning of American travel to Cuba. The world famous Atlantis resort on nearby Paradise Island, (image above), accounts for more tourist arrivals to the city than any other hotel property. The mega resort also employs over 6,000 Bahamians, the largest outside of government.

History - Nassau was formerly Charles Town; it was burnt to the ground by the Spanish in 1684, but later rebuilt and renamed Nassau in 1695 to honour King William III of England (from the House of Orange-Nassau).

The Bahamas

The Commonwealth of The Bahamas is an English-speaking nation consisting of two thousand cays and seven hundred islands that form an archipelago. It is located in the Atlantic Ocean, east of Florida and the United States, north of Cuba and the Caribbean, and northwest of the British overseas territory of the Turks and Caicos Islands.

Geography

The closest island to the United States is Bimini, which is also known as the gateway to the Bahamas. The island of Abaco is to the east of Grand Bahama. The most southeastern island is Great Inagua. Other notable islands include the Bahamas' largest island, Andros Island, and Eleuthera, Cat Island, Long Island, San Salvador Island, Acklins, Crooked Island, Exuma and Mayaguana. Nassau, The Bahamas capital city, lies on the island of New Providence.

To the southeast, the Turks and Caicos Islands, and three more extensive submarine features called, Silver Bank, and Navidad Bank, are geographically a continuation of the Bahamas, but not part of the Commonwealth of the Bahamas.

The climate of the Bahamas is subtropical to tropical, and is moderated significantly by the waters of the Gulf Stream, particularly in winter.

History

The area may have been populated previously, the seafaring Taino people moved into the northern Bahamas around the 7th century from Hispaniola and Cuba. These people came to be known as the Lucayans. There were an estimated 40,000+ Lucayans at the time of Columbus' arrival in 1492.

Christopher Columbus's first landfall in the New World was on San Salvador Island, also known as Watling's Island, in the southern part of Bahamas. Here, Columbus made contact with the Lucayans and exchanged goods with them.

Bahamian Lucayans were later taken to Hispaniola as slaves; and within two decades, Lucayan societies ceased to exist due to forced labour, warfare, disease, emigration and outmarriage. After the Lucayan population was eliminated, the Bahamian islands were virtually unoccupied until English settlers came from Bermuda in 1647. The Eleutherian Adventurers established settlements on the island of Eleuthera.

The Bahamas became a British crown colony in 1717. Some 8,000 American Loyalists and their slaves moved to the Bahamas after 1783 from New York, Florida and the Carolinas. Slavery was abolished in the British Empire on August 1, 1834. This led to many fugitive slaves from the US braving the perils of the Atlantic for the promise of a free life in the Bahamas.

On May 8, 1782, during the American Revolutionary War, Count Bernardo de Gálvez, the Spanish governor of Louisiana, captured the British naval base at New Providence in the Bahamas.

The British made the islands internally self-governing in 1964. In 1973, the Bahamas became fully independent, but retained membership in the Commonwealth of Nations. In 1967, became the first black premier of the colony, and in 1968 became prime minister. Another black Bahamian, Sir Milo Butler, was appointed govenor-general upon Independence.

Based on the pillars of tourism and offshore financial services, the Bahamian economy has prospered since the 1950s. Today, the country enjoys the third highest per capita income in the hemisphere, and the highest in the Caribbean, excluding the dependent territory of the Cayman Islands.

The origin of the name "Bahamas" is ambiguous. It is thought to derive from the Spanish baja mar, meaning "shallow seas"; others trace the name to the Lucayan word for Grand Bahama Island, ba-ha-ma "large upper middle land".

Google Map of the area - Lake Cunningham Nassau Bahamas:

Use the +/- symbols on map to zoom in/out - Select 'satellite' to view real images - Select 'hybrid' to see satellite view overlaid with map view. Hold left mouse button down on map and drag map in any direction.

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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Frequently Asked Questions

Q: Are the properties Freehold?

A: Yes, all villas and apartments are freehold.

Q: What is the target completion date of the whole project?

A: Early 2009. The top tier of villas will be complete around Autumn 2008.

Q: Are there swimming pools?

A: Yes, there is a communal swimming pool available for the apartments as part of the spacious and tropical common area which will include, water features, cabana amenities, and entertainment areas. Each villa has its own private Jacuzzi and all Chateau models and some Avalon models have a private pool.

Q: What security is planned for the project?

A: This enclosed and secured community will be monitored twenty-four hours by trained security personnel including reinforced security gates and Monitored Electronic Security Systems. Street Lights are also provided.

Q: What are the likely property /local /council taxes the owner would incur?

A: Annual Real Estate Taxes are levied in The Bahamas annually: For Owner-occupied property: Up to US$250,000 Nil, US$250,001 - US$500,000 0.75%, Over US$500,000 1.0 (max $35,000).
Other property, e.g. pure rental use: Up to US$500,000 1.0%, Over US$500,000 2.0%

Q: What are the proposed service charges?

A: A preliminary figure of $840-$895 per month for the villas has been quoted which covers communal areas, security, waste management and lawn maintenance. Charges for the apartments will be somewhat less, to be advised in Spring 2008. A maintenance company will be set up to administer the development which will be overseen by the Homeowner’s Association.

Q: Where exactly is the development?

A: On the south eastern hills overlooking Lake Cunningham, adjacent to John F. Kennedy Drive. The Lake is south east of Cable Beach and to the west of Nassau. Just minutes from the Airport, Cable Beach, downtown Nassau and 20 minutes away from the world famous Atlantis Resort. The new Bahamas Mega Resort and Casino is minutes away which is destined to significantly increase capital values in the area around Lake Cunningham.

Q: What is the flight time from the UK and other major cities?

A: Nassau International Airport is 9 hours flight from the UK and Europe and a few hours from most major US and Canadian hubs. South Florida is a 30 minute flight from Nassau. The Heights at Lake Cunningham is only minutes away from Nassau's quiet international airport.

Q: Do you have pictures of the views?

A: Yes, there are actual views taken on the development - see very top of this page.

Q: Who is the builder?

A: P & P Development Company Limited are part of Heavy Marine & Foundations, Bahamas, Ltd., the premier construction company on the island. The development team have extensive experience of developing in The Bahamas and nearby Caribbean islands. Heavy Marine & Foundations, Bahamas, Ltd., is a fully licensed and insured Bahamian firm capable of handling upland and offshore construction projects and infrastructure development. They represent over 100 years of experience in the construction industry. They are capable of creating buildings utilising traditional construction methodologies as well as implementing the latest in construction.

Q: What is the method of construction?

A: Steel reinforced concrete foundation and reinforced masonry wall construction with steel reinforced tie beams with texture stucco finish, all pre-treated wood used inside and outside of all units. All doors approved Aluminium hurricane impact, Fibreglass Systems.

Q: Can I visit the site during construction?

A: Yes, site visits can be arranged so that you can be satisfied as to the construction of the building.

Q: Who will maintain the building and grounds?

A: The maintenance company, mentioned above will be responsible for ensuring the building and gardens are thoroughly maintained.

Q: Can I purchase the property with a mortgage?

A: Yes our Client Support Unit and Sotheby’s Associates in Nassau can assist with this. We have sourced an excellent mortgage broker in Nassau. They are able to obtain a decision in principle for you prior to you exchanging contracts. Typical loan to value is 70%.

Q: Can you recommend a lawyer on the island and what do they charge?

A: Yes, again our Client Support Unit and Sotheby’s Associates in Nassau can assist with this. We typically recommend two or three lawyers for you to choose. Each one is briefed on the project and familiar with the deal. You should budget for 5% of the purchase price for stamp tax and 2.5% to 3% for all legal and notary costs.

Q: What about Income Tax and Capital Gains Tax

A: The Bahamas is one of the most well known tax havens in the world. There is no Income Tax on rentals or Capital Gains Tax when you sell your property. For more specific requirements please enquire to one of our Client Relations advisors who will put you in touch with the relevant advisor.

Q: What is included in the Interiors?

A: All properties will be completed to the highest finishes with fitments to include:

• Air Conditioning
• Cable TV Outlets
• Oak wood floors
• Carpets in some rooms
• Game room
• Volume Ceiling
• Ceiling Fans
• Linen & Storage Closets
• Decora Light Switches
• Custom designed European style kitchen,
• Granite countertops,
• Kitchen Aid, GE and Kohler appliances and polished chrome faucets.
• Dishwasher Dryer
• Refrigerator
• Wall Oven
• Washer & Dryer
• Microwave
• Featured is a luxury furniture package, floor to ceiling windows, wide balcony.
• Villas include private terrace & garden with an extra outdoor kitchen and barbeque and private media room with pre-wiring for full house entertainment system
• Apartments benefit from communal swimming pool and lush tropical communal area with water features
• In-house security system
• Garbage Disposal
• Smoke Detectors

Q: How do I purchase?

A: A reservation deposit of US$10,000 or £5,000 is required to secure the apartment or villa of your choice. It is refundable for 14 days. As a 7 Best Invest member we will pay for three night’s accommodation and our partners in Nassau, Sotheby’s will arrange transfers and show you around the property. You have 7 days after the viewing trip to let us know if you wish to proceed. If not, no problem your deposit is refunded, (we will make a small deduction for costs incurred). If you wish to proceed our Client Support Unit will ensure you have all the documents and information to exchange contracts within 28 days whereupon the balance of the 30% deposit is due, we do insist that before you reserve you ensure that you are able to meet this 28 day deadline for paying the 30% deposit. The final balance is due on completion varying from Autumn 2009 for the top tier and March 2009 for the apartments. You may choose to finance this with a mortgage. Our Client Support Unit and partners, Sotheby’s will assist with this through our recommended broker.

For more information on this development please fill out the enquiry form below. Alternatively call us on Free phone 0800 085 4125. (Outside UK: Tel: 44 151 237 2783).

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Bahamas Brochure

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• Luxury Property Bahamas - Brochure
  

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