a new outlook on life...on the island, doctors hospital, is located on blake road, approximately 1...

CHC A V E S H E I G H T S

N A S S A U , B A H A M A S

CAVES HEIGHTS DEVELOPMENT LTD, WEST BAY STREET, P.O.BOX CB 13647, NASSAU N.P. BAHAMAS

TELEPHONE (242) 327 8867 FAX (242) 327 8868

email: [email protected] www.cavesheights.com

A new outlook on life

CHC A V E S H E I G H T S

N A S S A U , B A H A M A S

&Q A1 How do I purchase a condominium

in Caves Heights?A 10% deposit is normally required of thepurchase price at the seller’s legal escrowaccount. Upon closing/delivery of propertytitle buyers pay the remainder of theagreed sales price.

2 What legal ownership do I have? Are there any restrictions to ownership?Ownership is Fee Simple. There are no restrictions to ownership. Non-Bahamiansare permitted to purchase real property inThe Bahamas.

3 What are my maintenance fees and what do they include?Fees are based on size of condominiumon a square foot basis. At present theCapri and Provence style pay $1,031 per month, the Monaco pays $1,238 permonth and the Penthouses pay $2,269per month (fees subject to change).Fees include: Building, hurricane and siteliability insurance. 24-hour security, land-scape and pool services, refuse collection,on-site manager, site utilities, generators,sewage treatment plant, tennis court andgym maintenance, golf cart maintenancefor owners use, independent accountancyservices and home owner association.

4 What costs are involved to buy a property in The Bahamas?Prices at Caves Heights are listed as the gross sales price. The seller pays halfof the government stamp tax (5% toseller) and the seller’s legal fees. Thebuyer pays half the government stamp tax(5% to buyer) and his own legal fees.

5 What is the annual property tax?Annual real property tax (RPT) is a government tax on all real property in The Bahamas and is based on the value of the property (sales price) on a sliding

scale with the first $250,000 without tax, the next $250,000 at 3/4 of 1% and the remainder at 1%. For example: a$900,000 purchase at Caves Heightsequates to a RPT of $5,875 p.a.

6 Can I apply to establish residency in The Bahamas?Yes, under Bahamian law, non-Bahamiansare able to establish residency in The Bahamas following ownership of a finished residence that is worth at least$500,000. Subject to a buyer’s tax domicile, residents of the Bahamas mayenjoy tax-free status, depending on thesource of income. There is no income tax,capital gains tax, inheritance taxes orsales taxes with the exception of theStamp Duty paid on conveyances of realproperty to residents of The Bahamas andan annual Property Tax.

7 Is there a Home Owners Association?Caves Heights Management Ltd. is a registered Bahamian company that runsthe development. The home owners association is fully functioning with 4 scheduled meetings per annum. In addition a board of owner representativeshas been established with monthly meetings. A property manager is available.

8 Does Caves Heights have an approvedlist of interior decorators/builders?Yes, Caves Heights has selected a developer-approved list of interior decorators, furniture stores and buildersfor alterations. Please contact the developer for the list.

9 What about shopping and restaurants?A brand new 15,000 sq. ft full service Gourmet Grocery Store and pharmacy is just 5 minutes from your apartment.Adjacent Caves Village has a restaurant,cafe, fine wines store, pharmacy, bank

and fully equipped spa. Other fine andcasual restaurants are nearby as are private clubs at Lyford Cay, Albany and Old Fort Bay.

10 What amenities are available to me as a resident at Caves Heights?You have a gated access to the beach, 24-hour tennis hard court, two swimmingpools and a fully stocked gym. The adjacent Caves Village can be easily accessed on foot or with golf carts provided by the property manager.

11 What about flights to and from Nassau and around the islands of The Bahamas?USA – direct flights are from Miami, FortLauderdale, Atlanta, Orlando, Baltimore,Dallas, Newark, Charlotte, Philadelphia,Washington D.C. and New York’s LaGuardia and JFK airports, with worldconnections.International direct flights are operated toand from London, Toronto, Panama andGrand Cayman plus expected servicesfrom France and Germany. Domesticflights to virtually all of the Bahamian islands operate frequently.

12 What medical services are available to Caves Heights residents?A branch of the largest hospital groupon the island, Doctors Hospital, is located on Blake road, approximately 1 minute drive by car from CavesHeights. There is also a pharmacy inCaves Village.

13 What are the average year-round weather conditions in The Bahamas?The Bahamas experiences warm weatheryear-round due to the trade winds thatblow through the islands. The coolesttime spans from September to May, withtemperatures averaging 70-75 F. The

remainder of the year ranges from 80-90F,with generally cooler temperatures at night.

14 What form of government exists in The Bahamas?The Commonwealth of The Bahamas isone of the most politically stable countriesin the world, with the constitution basedon the Westminster Model: Her MajestyQueen Elizabeth II, The ExecutiveBranch, The Legislative Branch and Judicial Branch. As a member of theCommonwealth of Nations, and a formerBritish Colony, The Bahamas recognizesHer Majesty Queen Elizabeth II as Headof State, with the Governor-General serving as Her Majesty’s representative in The Bahamas.

15 Who should I contact for legal and tax advice in The Bahamas?The appointment of a local attorney is recommended to and following yourclosing. An attorney will ensure title documents are prepared properly, willadvise foreign buyers how best to take title property in The Bahamas, and can assist with all immigration matters. We recommend the following:Mr. Peter Fletcher, Senior PartnerHolowesko Pyfrom FletcherTel: (242) 362 6251 [email protected]

Mr. Christopher Ansell, Associate Lennox Paton Tel: (242) 502 5000 [email protected]

16 Can I obtain a mortgage in The Bahamas?Yes, you can obtain a mortgage to assist in the purchase of your property.For residential financing, the project’s approved bank is Scotiabank.

CHThe rendering appearing in this brochure are artist’s conceptions. Buildings, roadways, parking configuration and landscaping may vary as construction progresses, as determined by architect, engineer, building and/or government authorities. Photography shown may depict a spirit of lifestyle to be achieved, rather than that which exists. All dimensions are approximate. Plans, material and specifications are subject to architectural, structural and other revisions as deemed advisable by the developer, builder or architect, or as may be required by law. All prices and fees correct at time of printing. Printed in England February 2013.

A new way of life

C AV E S H E I G H T S

NASSAU

Lake Killarney

PARADISE ISLAND

ALBANY

LYFORD CAY

OLD FORTBAY

BAHA MAR

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CHC AV E S

H E I G H T S

INTERNATIONAL AIRPORT

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Set in seven acres of tropical landscaped parkland and overlooking a

pristine sandy beach, Caves Heights offers a unique opportunity to

purchase a home in one of the world's most desirable locations.

With 86 residences, this gated community offers 2- and 3- bedroom

condominiums and 4-bedroom grand penthouses all

overlooking the sea.

Pass through the gates into the secluded enclave

of Caves Heights. Here every spacious apartment

enjoys a stunning ocean view from its generous

terrace and you are surrounded by tropical landscaped

gardens. In the grounds you will find a family pool

boasting a grotto and center island. For more dedicated

swimmers, there is also a heated lap pool.

At Caves Heights, you can also enjoy the well-equipped

fitness center with both weight and aerobic rooms and

play a game of tennis on the hard surface court. For

those who want a more relaxing activity there is the

Spa at the adjacent Caves Village.

Your own private paradise

Classically Bahamian with the influence of

Mediterranean sophistication, Caves Heights is the

final development of a respected team of international

developers and is constructed by one of Nassau's

leading contractors. From its inspirational design and

the standard of its building to its tasteful interiors and

beautiful grounds, no detail has been overlooked in the

construction of Caves Heights.

An on-site manager who coordinates the gardeners,

pool cleaners, security and service personnel maintains

the property and gardens.

As one of Nassau's most prestigious developments,

Caves Heights offers its residents a sophisticated

security system including two 24-hour security guards

and on-site camera monitoring. Your home will provide

not only an idyllic lifestyle but also peace of mind.

Built to the highest standards

Caves Heights facilities include:• Direct beach access through a secure gate and path

• Elevated ocean and beach views to the north

• Lake views to the south

• Fully gated secure community

• 24-hour security with surveillance

• Full back-up generator power

• 7 acres of landscaped botanical splendor

• 86 luxury condominiums all with ocean views

• Large elevators in all buildings with designer mosaic tiled flooring

• Family pool with gazebo, grotto, waterfall and central island

• Heated exercise lap pool

• Lit hard court tennis with two viewing galleries

• Large fitness center with separate weights and aerobic rooms

• Outside charcoal barbecue and entertainment area

• Golf carts provided for visiting the shops and facilities of Caves Village

• Two parking spaces per residence with additional guest parking

• On-site property manager

• 10 minutes from Nassau International Airport

• Covered parking and air-conditioned storage (optional)

CAPRI2 BEDROOM 21/2 BATHROOM 1,855* SQ FT

PROVENCE3 BEDROOM 31/2 BATHROOM1,855* SQ FT

Our Capri two bedroom, two and a half bathroom condominium offers 1,855 square feet (ground floor apartments larger*) of living space with a grand master bedroom suite, an additional bedroom and largeliving/dining area with a 14ft x 35ft balcony offering superior views.

The inspired design of the Provence condominium offers 1,855 square feet(ground floor apartments larger*) of living space, with a grand master bedroom suite, two additional bedroomseach with en suite bathrooms, and a largeliving/dining area with balcony offering spectacular ocean views.

N E WP ROV I D E N C E

( N A S S AU )

G R A N D B A H A M A S

A B ACO

B I M I N I I S L A N D S

A N D RO SI S L A N D

M I A M I

F O RT L AU D E R DA L E

C AT I S L A N D

E L E U T H E R A

S A N S A LVA D O RR U M C AY

G R E AT E X U M A

LO N G I S L A N D

AC K L I N S I S L A N D S

AtlanticOcean

GreatBahamas

Bank

M AYAG UA N A

L I T T L E I N AG UA

G R E AT I N AG UA

Penthouses offer 4,594 square feet of living space and include a superb master bedroom suite with his and her bathrooms. A junior suite for guests includes

a spacious bathroom with separate water closet. Two other guest bedrooms are generous in size and all come with private bath or shower.

Guide prices from $2,100,000 to $2,400,000

Penthouses feature:• 4 Bedroom, 6½ bathroom 4,594 square feet of luxury

• Beach, ocean and lake views from every penthouse

• Two covered balconies with panoramic views and outside granite counter barbecue kitchen

• Private entrance foyer

• 12 foot tray ceiling height in living room and master bedroom

• 10 foot ceiling height in kitchen, guest bedrooms and bathrooms

• Porcelain 24 x 24 floor tiling throughout

• Generous kitchen with two breakfast counters and center island

• Frigidaire professional grade stainless steel kitchen appliances

• Granite kitchen surface with solid wood cabinetry

• Separate large fridge and freezer. Wine / beverage center

• Family room with tray ceiling

• Junior suite with walk-in closetsand large en suite bathroom

• Separate utility / staff room with own shower room

• His and her spa bathrooms

• Bathrooms with both floor and wall porcelain tiling and Kohler appliances

• Marble bathroom vanity surfaces with solid wood cabinetry

• Guest powder room with marble counter, solid wood cabinetry and Kohler appliances

• Pre-wired cable television to all bedrooms and living room

• Internet and data cable hub pre-wired

• Electric hurricane shutters with manualoverride to north facing windows

• Heat strengthened windows (160mph wind tolerance)


MONACO3 BEDROOM 31/2 BATHROOM2,439 SQ FT

With 2,439 square feet of luxury living space, including a panoramic 14 foot x 45 footbalcony overlooking the ocean, the three bedroom, three and a half bathroom Monaco condominiums are built to the highest standards and provide the perfect ambiance for elegant living and gracious entertaining.

2-3 bedroom apartments feature:• Beach, Ocean and Lake views


• 14 foot by 35-45 foot covered balcony

• 12 foot ceiling height in living room and master bedroom


• Professional grade stainless steel kitchen appliances


• Granite counter wet bar in 'Monaco' & 'Capri'

• Separate laundry room in 'Monaco'

• Bathrooms with both floor and wall porcelain tiling

• Kohler bathroom appliances throughout

• Marble bathroom vanity surfaces with wood cabinetry

• Guest powder room with marble counter, solid woodcabinetry and Kohler appliances

• Pre-wired cable television to bedrooms and living room


• Electric hurricane shutters with manual override tonorth facing windows


• Each floor has two common area rooms for utilitiesand refuse collection

PENTHOUSE4 BEDROOM 61/2 BATHROOM 4,594 SQ FT

N E WP ROV I D E N C E

( N A S S AU )

G R A N D B A H A M A S

A B ACO

B I M I N I I S L A N D S

A N D RO SI S L A N D

M I A M I

F O RT L AU D E R DA L E

C AT I S L A N D

E L E U T H E R A

S A N S A LVA D O RR U M C AY

G R E AT E X U M A

LO N G I S L A N D

AC K L I N S I S L A N D S

AtlanticOcean

GreatBahamas

Bank

M AYAG UA N A

L I T T L E I N AG UA

G R E AT I N AG UA

Penthouses offer 4,594 square feet of living space and include a superb master bedroom suite with his and her bathrooms. A junior suite for guests includes

a spacious bathroom with separate water closet. Two other guest bedrooms are generous in size and all come with private bath or shower.

Penthouses feature:• 4 Bedroom, 6½ bathroom 4,594 square feet of luxury

• Beach, ocean and lake views from every penthouse

• Two covered balconies with panoramic views and outside granite counter barbecue kitchen

• Private entrance foyer

• 12 foot tray ceiling height in living room and master bedroom

• 10 foot ceiling height in kitchen, guest bedrooms and bathrooms


• Generous kitchen with two breakfast counters and center island

• Frigidaire professional grade stainless steel kitchen appliances


• Separate large fridge and freezer. Wine / beverage center

• Family room with tray ceiling

• Junior suite with walk-in closetsand large en suite bathroom

• Separate utility / staff room with own shower room

• His and her spa bathrooms

• Bathrooms with both floor and wall porcelain tiling and Kohler appliances

• Marble bathroom vanity surfaces with solid wood cabinetry

• Guest powder room with marble counter, solid wood cabinetry and Kohler appliances

• Pre-wired cable television to all bedrooms and living room


• Electric hurricane shutters with manualoverride to north facing windows



MONACO3 BEDROOM 31/2 BATHROOM2,439 SQ FT

With 2,439 square feet of luxury living space, including a panoramic 14 foot x 45 footbalcony overlooking the ocean, the three bedroom, three and a half bathroom Monaco condominiums are built to the highest standards and provide the perfect ambiance for elegant living and gracious entertaining.

Guide prices from $795,000 to $1,035,000

2-3 bedroom apartments feature:• Beach, Ocean and Lake views


• 14 foot by 35-45 foot covered balcony

• 12 foot ceiling height in living room and master bedroom


• Professional grade stainless steel kitchen appliances


• Granite counter wet bar in 'Monaco' & 'Capri'

• Separate laundry room in 'Monaco'

• Bathrooms with both floor and wall porcelain tiling

• Kohler bathroom appliances throughout

• Marble bathroom vanity surfaces with wood cabinetry

• Guest powder room with marble counter, solid woodcabinetry and Kohler appliances

• Pre-wired cable television to bedrooms and living room


• Electric hurricane shutters with manual override tonorth facing windows


• Each floor has two common area rooms for utilitiesand refuse collection

PENTHOUSE4 BEDROOM 61/2 BATHROOM 4,594 SQ FT

a new outlook on life...on the island, doctors hospital, is located on blake road, approximately 1...

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