BEACHFRONT APARTMENTS

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 unit renting for $2,000 per month, bringing the total rental income to $12,050 per month.

From the glass railings to the Spanish clay roof tiles, and from the granite countertops to the stainless-steel appliances, the property exudes luxury. Although the current owner has opted for long-term rentals, there is significant demand for short-term Airbnb-style units, and these units can easily be converted. The potential for a boutique hotel is also immense.

Approved plans are in place for a 2-bedroom, 2-bath beachfront house, with construction commenced. The owners have completed the floor and block work has begun. The views from this new unit are breathtaking.

This is a rare opportunity to purchase a beachfront property at this price in Providenciales. Owner will only accept full price offers. A copy of the appraisal is available upon request.