Discover a rare and strategic investment opportunity in the coveted Turtle Cove neighborhood of Providenciales, Turks and Caicos Islands. Harbour View Boutique Apartments is a premier income-producing property located in one of the island's most sought-after areas, offering investors a prime position to capitalize on the region's rapid growth and luxury development. Prime Location: Positioned just steps away from the world-renowned Turtle Cove Marina and the crystal-clear waters of Smith's Reef, known for exceptional snorkeling, Harbour View provides residents and guests access to pristine beaches and a wide array of watersports activities. Its central location is unmatched, offering: - 10 minutes to the Providenciales International Airport - 8 minutes to the Graceway Grocery Store - 10 minutes to Grace Bay's bustling tourist hub This unparalleled convenience makes it the ideal choice for short—and long-term tenants and staff housing at luxury resorts and restaurants in the area. Property Overview: Harbour View Apartments is a versatile, income-generating asset comprising eight fully furnished rental units newly renovated in 2021, ranging from efficiency suites to expansive two-bedroom suites catering to a wide demographic of tenants. The property spans over 7,000 square feet and sits on 1.09 acres of beautifully landscaped grounds, featuring an in-ground swimming pool and Communal outdoor spaces. Expansion & Development Potential: The property's zoning allows for additional development, creating significant upside potential for developers or investors. There is room to expand the current footprint by increasing the number of rental units or enhancing the existing amenities, driving both rental income and overall property value. (Zoning is to be confirmed at the time of purchase.) Investment Appeal: With Turtle Cove evolving into a luxury destination—boosted by developments like The Loren at Turtle Cove, St. Regis, Hyatt Andaz, Hilton LXR, and Kempinski—Harbour View Apartments is poised to benefit from rising demand. Additionally, the need for well-appointed staff housing has become increasingly apparent as high-end hospitality brands enter the area. This property is ideally positioned to meet this demand, offering a premium housing solution for the employees of luxury establishments nearby. Key Investment Highlights Prime Location in Turtle Cove Marina, steps from Smith's Reef -8 rental units with diverse accommodations -7,000+ sq. ft of living space on 1.09 acres - Zoning allows for expansion to maximize returns - Proximity to new luxury developments, ensuring long-term value appreciation - Strong rental demand from both tourists and resort staff For discerning investors, this is a rare opportunity to secure a property in the Turks and Caicos Islands' fast-growing market. The property has tremendous potential for immediate income and future development.
Updated: 11/04/2024, 12:00:49 PM
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