The Village At Grace Bay Commercial Opportunity

Providenciales is Turks & Caicos’ cosmopolitan center with Grace Bay in the heart of the bustling economy, active with investor and tourism growth. Originally launched in 2004, ahead of its time, The Village At Grace Bay was designed to be part of the heart center with retail shops, restaurants, mixed use commercial and residential offerings creating a community environment in a central location for both residents and tourists alike. With the growth of Grace Bay in the past eight years providing the much needed addition of a wonderful array of retail, dining, spas and services, The Village At Grace Bay is now primed to fill the needs of the overflow of commercial and mixed use development.

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Turks & Caicos Real Estate Market Report – 2nd Quarter 2013

After a tepid start to the year, Turks & Caicos had a strong second quarter to finish the first half of the year up 16.9%  in dollar volume over last year. This increase is mostly based on the 16.5M Grace Bay beach transaction to the same Venezuelan hotel developer (Desarrollos Hotelco Turks & Caicos Ltd. (DHTCI)), behind the JW Marriot project to the west of Seven Stars. In addition, the July 1st increase in stamp duty fueled a number of deals into late June closings.

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Joe Zahm, President, Turks & Caicos Sotheby’s International Realty

t. 649.946.4474  c. 649.231.6188  turksandcaicossir.com

Turks & Caicos Waterfront Restaurant and Boutique Hotel Investment Opportunity

Las Brisas Restaurant and Neptune Villas are located on 5.80 acres in Chalk Sound; one of the most unique settings in Providenciales, Turks and Caicos Islands! This tranquil waterfront property is nestled amongst lush tropical landscaping and set on a sanctuary with over 375 uninhabited Cays. This listing boasts an amazing combination of seclusion and serenity on 2 coveted private beaches (575 ft. beachfront on the north and 500 ft. of beachfront on the west) along with an expansive 20 X 40 pool plus pavilion for sunning during the days and stargazing by night. Also adding to the charm of this listing is an enchanting canal trickling throughout the property! The first of the businesses for sale is the very popular waterfront Las Brisas Restaurant & Bar built in 2006. A well-established eatery featuring seating for 120 people on an open 2,525 sq. ft. area, plus a gazebo with cooling tropical “brisas” and unparalleled hues of the dazzling iridescent waters of Chalk Sound! In addition to the Las Brisas Restaurant, this property listing includes the Neptune Villas built in 1987; a collection of ten 1,200 sq. ft. 2 bed/2 bath vacation villas PLUS one 1,500 sq. ft. 3 bed/3 bath Villa. Each villa is fully furnished and equipped with kitchen, living/dining room, and private balcony. Also included in the purchase price is “Las Brisas Pontoon”, an onsite vessel for hire company and an excellent addition to the restaurant and villa business! The inventory includes: 4 double kayaks, 2 single kayaks, 4 paddle boats, 4 canoes and a 25′ pontoon boat with a 125 hp Mercury Cruiser. A perfect way to enjoy the peaceful turquoise waters of Chalk Sound! This rare commercial investment offering is the only restaurant/resort type of property in the Chalk Sound area; complete with all three current business licenses, liquor license and full inventory.  View our website for full gallery of photos:  http://www.turksandcaicossir.com.  Listing Agent: Heather Simpson-Forbes, 649.242.5310, heather@tcsothebysrealty.com