Price $2,500,000
MLS# 2400201
Condo/Apartment Block in Prestigious Leeward Subdivision. Castello Nelson, an excellent income producing property is a stratified six unit condo/apartment block (5×2 bed 2bath + 1x1bed 1bath) located in the prestigious Leeward subdivision. The property is usually fully rented on a long term basis and enjoys an excellent return on investment (income and expense figures available to serious prospects) The area is quiet and scenic, populated with villas and vrbos for short term as well long term rentals. The property sits at the ridge of Nelson Hill and enjoys the exquisite sunrise vistas and daylong ocean views over the Leeward Cays, Channel the Heaving Down Rock Ferry Terminal and surrounding area. The brisk easterly trade winds and situs combine to make the units pleasant with lots of natural air and light. There is a large well maintained pool and patio area for tenants’ and their guests’ entertainment and comfort that adds to the common elements. Please also note that the building’s footprint is less than 20% of this generous .68 acre parcel leaving ample common area for further development subject to planning permission. This location is within easy reach of Leeward, GraceBay and LongBay beaches and marinas. The Royal Turks and Caicos Golf course as well GraceBay shopping and entertainment, business offices, restaurants and schools are minutes long drive away. This is an excellent income producing property fully rented on a full time long term basis, a great investment.
