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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
56,735
$14.5 MILLION One Montague Place, is a Class B Five (5) story fully leased Office Building situate on a prime location, East Bay Street, Nassau, Bahamas, 100 yards from the ocean. It sits on 1.45 acres or 63,143 sq ft (5,866 m^2) of land, on which the gross building area (GBA) is 56,735 sq ft and has a gross leasable area of 37,076 sq ft (3,444 M2). It was constructed in 2001 and although greater than 15 years old, it is in good condition, thus fits into Class B. Most leases have 2 to 3 yrs remaining. Embassy of Brazil is renewing this year for another 5 yrs. And most if not all of the govt leases will most likely renew for 3 to 4 yrs when they expire The Bahamas economy is healthy and benefits from close proximity to the United States and at its closest point is 53 miles from Bimini to Palm Beach. Its politically stable and is a democracy. Its principal economic drivers are Tourism (over 10 million in 2025 and growing), and Banking and Financial Services. Currently there are $3 billion of foreign investments awaiting Government approval. Property 56,735 SF (GBA) Office Building One Montague Place East Bay Street Nassau, Bahamas Physical Data Total Land 1.45 Acre (63,143 SF) Year of Construction 2001 Gross Building Area (GBA) 56,735 SF Gross Leasable Area (GLA) 37,076 SF Land to Building Ratio 1.11:1 Floor Area Ratio 0.90:1 Zoning Classification is open
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Parking
Common
-
Pool
No
-
Waterfront YN
YES
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(acres)
1.45
-
Lot Size(square feet)
63143.0
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$14,500,000
-
Tax Amount
$125,386
-
Zoning
Open
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
5
-
Ownership
Corporation
-
Sewer
Public Sewer
-
Water Source
Public
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Location
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Other
Elementary School
Middle School
High School
Listing Courtesy of Matthew Mitchell , The Keyes Company
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Realtor
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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