REDUCED PRICE OCTOBER 2012

Listing details

Ref# 5673
Price $2,100,000
Property type Commercial
Status Active
Lot Size 5 Acres
Island Grand Bahama
Subdivision Freeport
Features Gated
Rental Term n/a
Maint. Fee $

Contact

James Sarles
Phone: (242) 351-9081 Mobile: (242) 727-8888 View bio

Enquire about this listing

Highlights

EAST SUNRISE HIGHWAY

Britannia Tract 16 (Lots A & B)

Includes a new 240 KVh Backup generator

Description

Consisting of 2 Mini Golf courses with 5,400 square foot Clubhouse. Clubhouse houses an Ice Cream parlor {new 2002). There is an additional 1.5 acres of land
for Amusement operation all valued at $ 2,500,000 in 02.

There is a second building built for entertainment with 34,500 square foot Concrete/Steel structure (new 2005). This building houses 20 bowling lanes, 1 Restaurant, Bar and an entertainment area for 500 persons. There is also an additional 4,000 square foot gambling center & offices space. Appraised by the bank in November of 2008 at $3,637,800.

The entire property is fenced and gated with a parking lot that is approximately 1.9 acres.

After the deduction of the minimum land value this offer is a great deal which equates to a price of less than $50 per square ft.

Location