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Listed by Engel and Voelkers Turks &Caicos
$ 1,500,000
Est. payment /mo
New
SAND BAR FIVE CAYS Providenciales, BC
5,619 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,619 sqft
Price per Sqft $266
MLS Listing ID 2501009
Style 2 Storey
Year Built 2024
Lot Size 0.520 Acres
Property Description
Luxury beachfront gated apartment complex in a sought-after area of Five Cays. The main building consists of 6 x one-bedroom units each renting for $1,675 per month. There is also a newly renovated 2-bedroom 1 bath renting for $2,000 per month. Total rental income of $12,050 per month. From the glass railings to the Spanish clay roof tiles, from the granite countertops to the stainless-steel appliances, the property simply exudes luxury. Although the owner decided on long term rentals, there is a huge demand for beachfront short-term Airbnb style units. These units can easily be converted to short-term rentals or a boutique hotel. The potential is endless! There are approved plans for a 2-bedroom 2-bath beachfront house for which construction commenced; the owners have completed the floor and block work has begun. The views from this new 2 bedroom is breathtaking! This is your last opportunity to purchase a beachfront property at this price in Providenciales. Owner will only accept full price offers. Copy of appraisal available upon request.
Location
State BC
Community 60610 - Norway And Five Cays: Five Cays
Area 60610 - Norway And Five Cays: Five Cays
Interior
Cooling Split
Exterior
View Beach Front
Building
Sewer Septic Tank
Water City Water
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