Simpson Bay Beach Development Land For Sale

$1,650,000

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BEDROOMS

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BATHS

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Simpson Bay Beach

Property ID:
For Sale

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Simpson Bay Beach Land For Sale

An existing apartment building can be demolished to build luxury beachfront apartments right on the beach in Simpson Bay.

A Developer is currently exploring the option to build a connecting structure alongside the existing structure in order to use the existing structure. This is something to consider during the research and development stage.

This is prime property right on Simpson Bay beach.

New beachfront apartments about one-minute walk from this location is selling for $1,200,000 and $900,000 for a two-bedroom. This should give any Developer an indication of the huge potential for profit in this location.

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  • 0% Property Tax.
  • 0% Capital Gains Tax.
  • 4% Property Transfer Tax and approximately 1.5% Notary fees.
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Transfer Tax

4%

Property Tax

0%

Capital Gains Tax

0%

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Ritika Nanwani

Owner / Head Broker

+ 1-721-526-1819 ritika@c21sxm.com

Ritika Nanwani will call you as soon as possible

No obligation phone call. Think of me as a friend in paradise!

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