n A S S A u • B A h A M A S

A new outlook on life

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C AV E S h E i g h t S - n A S S A u

Combining outstanding natural beauty with the dynamism of

a 21st-century financial center and a favorable tax regime, the

Bahamas is an ideal place to call home. Caves Heights, with

its seven acre elevated beach and ocean view location, and

luxurious amenities, offers an incredible opportunity to take

advantage of all that these remarkable islands have to offer.

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F r O M P i r At E S tO t h E B r i t i S h E M P i r E

A n d i n d E P E n d E n C E

In 1492, the Bahamas must have been a very welcome sight to Christopher

Columbus as these islands were his first landfall in the New World.

The Spanish, however, never colonized the Bahamas, and they were

mostly deserted from 1513 to 1648, when English colonists from Bermuda

settled on the island of Eleuthera. The Bahamas became a Crown Colony

in 1718 when the British clamped down on piracy and had a hand in

the governance of the islands for over 200 hundred years. In 1973, the

Bahamas became fully independent but retained membership in the

Commonwealth of Nations. Based on the twin pillars of tourism and

offshore finance, the Bahamian economy has prospered since the 1950s.

The legacy of British rule is still apparent as the political and legal

traditions of the Bahamas closely follow those of the United Kingdom.

As a member of the British Commonwealth, the

Bahamas has an appointed Governor-General

representing Queen Elizabeth II in both ceremonial

traditions as well as the judiciary system in the Bahamas.

B A h A M i A n C h A r M A n d

O u t StA n d i n g n At u r A l B E A u t y

Each island in the Bahamas offers something different. Island-style city

living in Nassau where modern infrastructure awaits your week and sandy

beaches your weekends. Deserted white sand beaches and turquoise waters

of the 100-mile long string of pristine Exuma cays. Cottage home living and

boutique five-star hotels in Harbour Island on the longest peach sand beach

in the world. Scuba enthusiasts can enjoy blue holes, wreck sites and the

third largest barrier reef in the world in Andros and sailors can explore over

700 islands and 1,500 cays throughout the islands. Wherever you go

you'll enjoy a warm welcome and of course, a tropical climate.

The Commonwealth of The Bahamas

is a country consisting of more than

700 islands and has a population in

excess of 375,000.

You can fly direct to Nassau from London,

New York, Washington D.C. and Toronto.

Miami is only 35 minutes away by air.

Direct flights from France and Germany

are planned for the near future.

• Over 250 banks and trust companies with assets of over $300 billion

• Excellent telecommunications with $42.8-million investment in a 4G network

• No local taxes on capital gains, inheritance, corporate and personal income, dividends or interest

• $129-million invested in new airport arrivals terminal

• The Bahamas maintains AAA rating and positive outlook from Moody’s Investors Service

• Bahamian dollar pegged to the US dollar

• Peaceful and stable democracy since 1729

• Same time zone as New York

t h E B A h A M A S :

2 1 S t- C E n t u r y d y n A M i S M

With over 250 banks and trust companies with assets valued at

more than $300 billion, massive investment in its airport and other

transport links and well developed public services and modern

infrastructure, the Bahamas is a vibrant and thriving place to do

business. With no income tax or capital gains tax and a stable

democracy the Bahamas offers impressive incentives for investors.

C AV E S h E i g h t S

n A S S A u , B A h A M A S

Located on the leeward north coast of New Providence Island,

just 25 minutes from downtown Nassau and 10 minutes from the

International Airport, we present Caves Heights - the perfect

location for those seeking a discerning and idyllic lifestye.

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A new outlook on life

Set in seven acres of tropical trees and exotic flora

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.

Classically Bahamian with the influence of Mediterranean sophistication,

Caves Heights is the final development of a respected and renowned team

of international developers and is constructed by one of Nassau’s leading

contractors. The integrity of the buildings and reliability will insure you of

the highest standard to complement its inspirational design.

The property and gardens are maintained by an on-site property manager

who coordinates all gardeners, pool cleaners, security and service personnel.

t h E h i g h E St StA n d A r d i n C O n St r u C t i O n

& C O n t i n u i n g P r O P E r t y M A i n t E n A n C E

As one of Nassau’s most prestigious developments,

Caves Heights offers its residents one of the most

sophisticated security solutions available.

This fully gated community maintains two 24 hour

security guards, a security entrance building with

vehicle transponders, a boundary wall motion

detector alarm and on-site camera monitoring

system. Your home will provide not only an idyllic

lifestyle, but complete peace of mind.

S E C u r i t y

& y O u r P E A C E O F M i n d

Pass through the gates into the secluded enclave of Caves Heights and

enter into your own private paradise. Every spacious apartment offers

dramatic ocean views from its panoramic balconies affording both

inside and outside dining. Tropical landscaped gardens surround

your home and the relaxing pools. Enjoy a game of tennis, visit the

well equipped fitness center, or pamper yourself in the Spa at the

adjacent Caves Village.

y O u r O w n P r i VAt E PA r A d i S E

Large family pool with grotto, fountain and center

island. Heated lap pool. Lit hard surface tennis court

with two viewing galleries, large fitness center with

both weight and aerobic rooms, outside charcoal

barbecue family entertaining area.

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 facilties 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

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 large living/dining area

with a 14ft x 35ft balcony offering

superior views.

guide prices from $695,000 to $835,000

PrOVEnCE3 BEdrOOM 31/2 BAthrOOM

1,855* Sq Ft

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 bedrooms

each with en suite bathrooms, and a large

living/ dining area with balcony offering

spectacular ocean views.

guide prices from $735,000 to $815,000

2-3 BEdrOOM APArtMEntS FEAturE

• Beach, Ocean and Lake views

• Full back-up generator power

• 14 foot by 35-45 foot covered balcony

• 12 foot ceiling height in living room and master bedroom

• Porcelain 16 x 16 floor tiling throughout

• Professional grade stainless steel kitchen appliances

• Granite kitchen surface with solid wood cabinetry

• 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

• Internet and data cable hub pre-wired

• Electric hurricane shutters with manual override tonorth facing windows

• Heat strengthened windows (160mph wind tolerance)

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

MOnACO3 BEdrOOM 31/2 BAthrOOM

2,439* Sq Ft

with 2,439 square feet of

luxury living space, including

a panoramic 14 foot x 45 foot

balcony 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

PEnthOuSE4 BEdrOOM 61/2 BAthrOOM

4,594 Sq Ft

Penthouses offer 4,594 square feet of livingspace and include a superb master bedroomsuite with his and her bathrooms. A juniorsuite for guests includes a spacious bathroomwith separate water closet. two other guestbedrooms are generous in size and all comewith private bath or shower. the grand, living-dining area is suitable for both formal and casual lifestyles, while the outdoor kitchenprovides elegant terrace dining on a 45ft x 14ft balcony

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

PEnthOuSES FEAturE

• 4 Bedroom, 6½ bathroom 4,594 square feet of luxury

• Exquisite beach and ocean and lake views from every penthouse

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

• His and her spa bathrooms

• Private entrance foyer

• Full back-up generator power

• 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

• Separate large fridge and freezer

• Wine / beverage center

• Granite kitchen surface with solid wood cabinetry

• Family room with tray ceiling

• Junior suite with walk in closets and large en suite bathroom

• Separate utility / staff room with own shower room

• 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 manual override to north facing windows

• Heat strengthened windows (160mph wind tolerance)

1 how do i purchase a condominium in Caves heights?

A 10% deposit is normally required of the purchase price at the sellers legal escrow account. Upon closing/delivery of property title buyers pay the remainder of the agreed 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 Bahamians are permitted to purchase real property in The Bahamas.

3 what are my maintenance fees and what do they include?

Fees are based on size of condominium on a square foot basis. At present the Capri and Provence style pay $1,031 per month, theMonaco pays $1,238 per month and the Penthouses pay $2,269 per month (fees subject to change).

Fees include: Building, hurricane and site liability insurance. 24 hour security, landscape and pool services, refuse collection, on-sitemanager, site utilities, generators, sewage treatment plant, tennis court and gym maintenance, golf cart maintenance for ownersuse, independent accountancy services andhome 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 half of the government stamp tax (5% to seller) and theseller’s legal fees. The buyer pays half the government stamp tax (5% to buyer) and hisown 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 isbased on the value of the property (sales price)

C AV E S h E i g h t S

Q&A

on a sliding scale with the first $250,000without tax, the next $250,000 at 3/4 of 1% and the remainder at 1%. For example: a$900,000 purchase at Caves Heights equatesto 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 finishedresidence that is worth at least $500,000.Subject to a buyer’s tax domicile, residents of the Bahamas may enjoy tax-free status, depending on the source of income. There isno income tax, capital gains tax, inheritancetaxes or sales taxes with the exception of theStamp Duty paid on conveyances of realproperty to residents of The Bahamas and an annual Property Tax.

7 is there a home Owners Association?

Caves Heights Management Ltd. is a registered Bahamian company that runs the development. The home owners association is fully functioning with 4 scheduled meetings per annum. In addition a board of owner representatives has beenestablished with monthly meetings. A property manager is available.

8 does Caves heights have an approved list of interior decorators/builders?

Yes, Caves Heights has selected a developer approved list of interior decorators, furniturestores and builders for 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 just5 minutes from your apartment. AdjacentCaves Village has a restaurant, fine winesstore, bank and fully equipped spa. Otherfine and casual 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 swimming pools and a fully stocked gym. The adjacentCaves 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, Fort Lauderdale, Atlanta, Orlando, Baltimore, Dallas, Newark, Charlotte, Philadelphia, Washington D.C. and New York’s La Guardiaand JFK airports, with world connections.

International direct flights are operated toand from London, Toronto, Panama andGrand Cayman plus expected services from France and Germany.

Domestic flights 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 group on the island, Doctors Hospital, is located on Blakeroad, approximately 1 minute drive by carfrom Caves Heights.

13 what are the average year-round weather conditions in the Bahamas?

The Bahamas experiences warm weather year-round due to the trade winds that blowthrough the islands. The coolest time spans from September to May, with temperatures averaging 70-75 F. The remainder of the yearranges from 80-90F, with generally cooler temperatures at night.

14 what form of government exists in the Bahamas?

The Commonwealth of The Bahamas is oneof the most politically stable countries in theworld, with the constitution based on the Westminster Model: Her Majesty Queen

Elizabeth II, The Executive Branch, The Legislative Branch and Judicial Branch. As a member of the Commonwealth of Nations,and a former British Colony, The Bahamas recognizes Her Majesty Queen Elizabeth IIas Head of State, with the Governor-Generalserving as Her Majesty’s representative inThe 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 your closing.An attorney will ensure title documents are prepared properly, will advise foreign buyershow best to take title property in The Bahamas,and can assist with all immigration matters.We recommend the following:

Mr. Peter FletcherSenior PartnerHolowesko Pyfrom FletcherTel: (242) 362 6251pfletcher@hpflegal.com

16 Can i obtain a mortgage in the Bahamas?

Yes, you can obtain a mortgage to assist inthe purchase of your property. For residentialfinancing, the project’s approved bank isScotiabank.

Mr. Jan BorghardtSenior PartnerBorghardt LegalTel: (242) 436 6709jan@winterborghardt.com

All prices and fees correct at time of printing (August 2012)

The 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.

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

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email: info@cavesheights.comwww.cavesheights.com