Here we feature some leading Sandyport leasebacks that offer rental guarantees and excellent potential income returns, as the sought-after community offers the perfect combination of luxury lifestyle and amenities.
Rental guarantees give investors additional security of knowing exactly what revenue will be coming in, regardless of occupancy levels.
Leo Huber, Engel & Volkers Bahamas Real Estate Advisor says buying these Sandyport homes with guaranteed leaseback provides excellent investment potential. “If you want to safely invest in property, then having a rental guarantee in place offers additional security. The units already have long-term tenants but if in the event they were to vacate the property, the vendor will find or cover the rental amount for the agreed period.”
Sandyport Marina Village is one of the most sought-after locations in Nassau dotted with canals and waterways and so is a top target for investors. Located on the western side of Cable Beach in Nassau, this gated community is personal yet stylish. It features a wealth of amenities including swimming pools, playgrounds and tennis courts.
Engel & Volkers have three properties with rental guarantees and a fourth solid investment option all located in the beautiful Sandyport.
This modern four-bedroom, four-bathroom canal front Sandyport home comes with a rental guarantee for the first two years at $7000/month. That means the current annual yield equates to almost 5% a year net of taxes and Home Owner Association fees. In addition, 6 Coral Beach, which is listed at US$1.25million, has a long-term tenant. This spacious, 3,000 square foot single-family turnkey home is elegant and well-equipped with granite countertops, hardwood floors and a swimming pool. And if that isn’t enough, there is a 40-foot dock to the marina for those living here to enjoy. It also allows foreign buyers to apply for Permanent Residency.
On a prime corner lot with views of the Grand Canal, this 2,056 square foot canal front family home is in a stunning location and the views will wow you! Investors will also be impressed by the two-year rental guarantee and is priced at US$1,072,000. The annual yield is almost 5% a year net of taxes and Home Owner Association fees. Foreign buyers qualify for the Permanent Residency programme. The light and bright home has three bedrooms and three and a half bathrooms with quality finishes throughout including bamboo wood floors, granite countertops and stainless steel appliances. Boaters will appreciate the generous 125 feet of canal frontage and personal dockage space.
16A Royal Palm Cay, New Providence – SOLD
With almost 100 feet of Grand Canal frontage and a two-year rental guarantee generating a current 5.12% net yield, 16A Royal Palm Cay is an excellent investment opportunity. Spacious 16A Royal Palm Cay, which has four bedrooms and two bathrooms, with the potential for the downstairs bedroom to be used as a den or an office. This means international purchasers qualify for the Permanent Residency programme. This property has a beautiful open living and dining area which leads into an outdoor covered patio and garden right on the waterfront.
#195 Sandyport Drive, New Providence
This canal front three-bedroom, three and a half bathroom condo-townhouse, which is on the market for US$650,000, is a strong draw for investors, with quality features throughout the home. The master bedroom covers the entire third floor in this 2,500 square foot property. It has a beautiful kitchen with a granite countertop and stainless steel finishes. Parking space for two cars is provided and there is a small low-maintenance tropical garden.
The centre of Sandyport Marina Village is the Olde Town that boasts a large selection of shopping and dining options set with large open spaces and stunning waterways. With buildings such as a post office, gym, grocery store, gas station and beautiful cathedral, this community hotspot has everything you need.
Sandyport is also well suited to family life. As well as the facilities in Old Towne there are seven communal swimming pools, six community tennis courts and three children’s playgrounds. The community also contains Tambearly International School and is less than 10 minutes away from the international airport.
Contact Leo to learn more: Leo.huber@evrealestate.com | +1 242 535 4277
