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This is an an exciting investment opportunity on the Caribbean island of South Caicos. As one of the Turks and Caicos Islands, South Caicos enjoys miles of world-renowned yet deserted, white powder beaches. A beautiful natural harbour makes it a popular destination for yachts and an annual regatta is held each May. Off the island’s coastline you will find some of the world’s best diving and snorkelling with many schools taking their PADI exams in the area.
Turks and Caicos is part of the British West Indies which also includes the Cayman Islands and Bermuda. Similar to the southern Bahamas, the Turks and Caicos are a friendly English-speaking, British Dependent Territory. The island also has its own international airport, with regular flights from the UK, USA, Canada and many other locations.
Turks and Caicos Islands has the added benefit of being US dollar based currency.
The centre-piece of this amazing luxury resort is the 70,000 sq ft Club House. This stunning $20,000,000 edifice is built to the highest specifications and enjoys unparalleled views of both the famed Windward Passage and the Caicos Bank. Guests, who are drawn to the island for its quiet privacy and gorgeous beaches, can relax amid truly sumptuous surroundings, happy in the knowledge that the Club House can cater for their every need.
The resort comprises 1 bed fully furnished residences of 870 sq ft as well as a small number of 955 sq ft one bed, two bath de-luxe residences.
Rental programme:
The resort management have carefully crafted a managed rental programme with some of the largest tour operators in the USA to ensure maximum returns on your investment. (please contact us for projected earnings calculations)
There are direct flight to the Turks and caicos islands from the UK and from the USA. The resort is situated on South Caicos which has its own international airport.
Taxation:
The islands have no income tax, CGT or Inheritance Tax.
Payment Terms:
40% of the price is due at exchange of contracts and a 60% non-status mortgage is offered by the developer at completion.
Pricing:
870 sq ft apartments:
fr. $299.000 to $379.000(£150.000 to £190.000)
955 sq ft apartments:
fr. $329.000 to $369.000(£165.000 to £185.000)
* please enquire for Penthouse prices.
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