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The Cays Development

Development Summary
The Cays is an established holiday home development on the South Side of Great Exuma, Bahamas. Our Phase 1 is now into its 6th year, with 11 homes completed, and 4 still to be sold. Phase 2 is now under construction.

Location  
Situated on the shores of a beautiful and peaceful, shallow bay, approximately 5 miles North West of Georgetown, and 5 miles from the Exuma International Airport, and bordering the new Island Club golf course. With the developing golf complex, the excellent flyfishing on the adjacent Bonefish flats, and the local facilities, The Cays provides an ideal location for the purchase of a luxury investment or holiday home.
The Development

Phase 1 - has been limited to 15 3 Bedroom 3 Bathroom, single storey, colonial style houses, each set in a plot of land approximately 9,000 square feet. The properties have been finished to a high standard, and a number are offered for sale with full title, including the land that they are constructed on, and a complete furniture package.

Phase 2 - Phase 2 - is 4 3 Bedroom 3 Bathroom, single storey, colonial style houses, 6 2 Bedroom 2.5 Bathroom single story storey houses, and 4 3 bedroom 3.5 bath 2 storey houses, set in a plot of land approximately 9,000 square feet. The properties have been finished to a high standard, and a number are offered for sale with full title, including the land that they are constructed on, and a complete furniture package. There will also be a further swimming pool and a Tennis Court - see site map
Click on the links below to view the House and Site plans:-
Downloads Require Acrobat Get it here
Phase 1 Development Plan
House Plans
Phase 2 Development Plan

 

Facilities
Owners and visitors will benefit from the on site facilities, which will be provided inclusive to purchase, and will initially consist of :-
  Internal driveways from the property entrance
  Parking facilities
  Two Swimming Pools / Tennis Court
  Cabana style Bar and Grill
  Pathways, connecting all areas of the development.
  Site landscaping
  Private beach
  Docking facilities for shallow water boats
An ongoing equitable management fee for the upkeep of these communal facilities will be raised for each property 1 year after completion of purchase.
Building Maintenance
Property owners will be offered a building and garden maintenance facility, or can arrange their own if they so desire.
Rental Service
Owners wishing to rent their properties can take advantage of the rental service we offer. Go to www.thecaysbahamas.com to see investment income potential.
Finance and Banking
We have made an International Bank aware of the full details of this project, and they will be pleased to discuss Personal Banking and mortgages
Legal
We would be pleased to recommend a Lawyer, who is familiar with the details of this project
Development Program
Pool, Bar, Dock and Beach area complete
12 Houses now complete on Phase 1 and currently being rented for Holidays and Long Term rentals.
Construction currently underway of - further 3 homes
Phase 2 Infrastructure Starting
Orders now being taken for further purchases
 

Purchaser Closing Costs

House and Land Purchase - Costs on request
Purchaser Lawyer fees - Typically 2.5% of purchase price
Stamp Duty - Typically 8% Shared between purchaser and vendor
Property Tax - First $250k no charge. Between $250k and $500k 3/4% of property value, thereafter 1%
Other Costs
Electricity connection and ongoing consumption costs.
Telephone Services
Communal Area Maintenance - Costs on request
Property Maintenance (optional) - Costs on request
Insurance - Optional, but recommended
Garden Planting - We can arrange for this to be done

Developer Responsibilities.

Preparation of Contracts
Architectural drawings
Obtaining of Planning consent
Provision of water, electricity, and waste disposal facilities
,
Preparation of Area for construction
Construction of Houses
House Fixtures and Fittings
Construction and Maintenance of communal facilities
Vendor Lawyer fees
50% of Stamp Duty

 
 

 

Copyright information is as indicated within the site and may not be used without express permission of the owners.