Lot 8 ST GEORGES AVE
Available on request
11 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
Investment opportunity in Carey Subdivision, located in the central district of New Providence. This 4,640 sq. ft. multi family lot features two fully occupied rental buildings, making it an ideal purchase for a first-time investor seeking steady income. The first structure is a two-storey duplex-style building, while the second is a single-storey 1-bedroom home, both tenanted and generating immediate returns. The property is conveniently situated near supermarkets, schools, and retail outlets, offering excellent rental appeal in a high-demand area. With stable occupancy and a prime location, this is a smart investment for those looking to enter the Nassau rental market.
Last confirmed
- Type
- Apartment
- Land
- 4,585 ft²
- Year built
- Available on request
What people say about Bahamas
Sources agree that foreigners can own Bahamian property outright and that an ordinary home purchase needs a registration filing through a Bahamian lawyer, not a discretionary permit.
- Positive Foreign buyers mostly register rather than seek a permit; permit applies to large or commercial land
- Mixed Closing costs are dominated by a 10% transfer VAT for foreign buyers, usually split with the seller, plus legal fees
- Mixed Annual property tax is being reshaped in 2026 (new foreign owner-occupied category), and Bahamian realtors dispute fairness
- Concern Vacant land owned by foreigners carries a notably heavier tax until built on
The asking price is not what it costs.
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