840 Lots Residential
Island: Grand Bahama/Freeport
Living Area: n/a
Property Type: Commercial Buildings
Royal Bahamian Estates Subdivision is one of the oldest communities on Grand Bahama island, encompassing 804 lots averaging in size of half an acre. It’s zoned for single family residential with approvals for a grocery store and a bank to facilitate its own mortgages. It has an established neighborhood watch; contracts with street maintenance service providers and a community park maintained by the City Council. This subdivision generates a comfortable income from sales of properties and collection of property service fees (which are relatively low compared to other similar areas). The infrastructure in place includes paved roads, electricity, city water, telephone and cable internet lines. Upon serious considerations, more benefits of this community will be shared with the potential buyer, including the Builder’s Investors Licence that will come along with the purchase. The Royal Bahamian Estate (Beachfront) Park is zoned tourist commercial. It’s flat & square .91 of an acre, with 200ft along the beach. It sits on the edge of city boundary lines and next to a large hotel/resort.