Bahamas Real Estate from Seaview Properties

Cable Beach Apartment Complex

Cable Beach, Nassau/New Providence

$5,200,000

new

About This Property

Family owned and operated for over 40 years, Cable Beach Manor offers you one of the best locations in Cable Beach for owning a beautiful apartment complex on the beach. Built in 1940 and expanded in 1966, Cable Beach Manor offers a traditional feel with modern amenities. Surrounded by tropical landscape, a total of 34 units include a selection of studio, one bedroom and two bedroom residences are spread across 2, two-storey buildings. The property also features a 1,500 sq. ft. office, utility building, ample parking, an entertainment/barbeque area, swimming pool, and 150 ft. private, sugar-sand beach. With the Sandals Resort next door, the new multi-million dollar BahaMar project just a mile away, plus shopping, dining and the airport within easy access, this property is a choice investment with endless possibilities. Continue operations as an apartment complex, acquire for commercial purposes or further land development, or restore to its original use as a small resort hotel. A 97% occupancy rate, attractive rental income return, and an exceptional location make Cable Beach Manor the ultimate investment opportunity. Will consider offers!

Listing #5594
Statusnew
Lot Size1.03 acres
Building Area31,000 sq.ft.
Property TypeApartment Building
Key FeaturesGarden View, Waterfront
LocationNassau/New Providence, West N.P., Cable Beach
Affiliations