Prime Investment Opportunity with 3 Options to maximize the return and minimize risk. On offer is a re-development opportunity of a prime location in the growing township of Marsh Harbour, Abaco Island. This is a 16 unit condominium complex currently operated as a timeshare facility which has come up for purchase in the first time in its 22 year history. The timeshare business model is fading allowing the ripe opportunity to develop the property into something great once again.Each of the 16 apartments have 2 bedrooms, 2 bathrooms, and open concept living dining kitchen room and each apartment has a wonderful view of the sea and beachfront at the complex. The furnishings and equipment are all in good order though perhaps a little dated. Low cost maintenance - concrete construction, fiberglass roof tiles, ceramic floor tiles, double glazed windows and central air conditioning throughout.The 3 buildings are part of the Regattas Condominium complex and share the use of the tranquil beach, the beautiful pool, tennis courts and laundry facilities.
Adult Oriented, Central location, Easy Access, Family Oriented, View - Ocean, Low Maint Yard, Shopping Nearby, Recreation Nearby, Quiet Area, No Thru Road, Cul-de-sac, Landscaped, Seniors Oriented, Waterfront - Ocean, Road - Paved, Phone to Lot, Underground Services, Marina Nearby, Potential Recreation, Can Be Rented, Recreational, Beach Front
Concrete Block, Other, Steel/Concrete
|Price Reduced from $2,900,000 to $2,499,000|
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