Rare Opportunity: Income-Generating Beachfront Complex in Five Cays

Description

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.