Rare Opportunity: Income-Generating Beachfront Complex in Five Cays
Listed at: $1,400,000
Don’t miss this incredible luxury apartment complex in a sought-after, peaceful area of Five Cays, Providenciales. This property boasts amazing views of clear turquoise waters and presents an exceptional investment opportunity.
The main building features six one-bedroom units, each currently renting for $1,675 per month. An additional two-bedroom, one-bath concrete house, once renovated, is projected to generate an extra $1,500 per month in rental income. The current monthly income stands at $10,050.
Exuding luxury and comfort, the complex is finished to the highest standards, featuring glass railings, Spanish clay roof tiles, granite countertops, stainless steel appliances, and marble tiles in the bathrooms. For added security, the property is fully walled and equipped with surveillance cameras.
While currently operating with long-term rentals, there’s significant demand for short-term, AirBnB-style beachfront units. These units could easily be converted to cater to this market or even transformed into a boutique hotel, offering endless potential. The property also includes approved plans for a two-bedroom, two-bath beachfront house. This is truly your last chance to acquire a beachfront property at this price in Providenciales.
More Info / Inquire Now
This Property Features
- Air Conditioning
- Balcony
- Balcony/Patio
- Beach Access Nearby
- Beachfront
- Beachfront Property
- Beachfront Suites
- Ensuite Bathrooms
Contact Sales Associate
Michelle Swann
Global Luxury Sales Executive
Having a wealth of knowledge from Real Estate for over 17 years, Tourism Affairs, the beauty industry, to wedding and event planning. Michelle is a well-rounded, experienced, jovial spirited individual who enjoys putting smiles on each clients face. Her motto..
Location
50 Sandbar Street, Five Cays Rd, TKCA 1ZZ, Turks and Caicos Islands
