Buy a piece of land in Turks and CaicosA friend of mine popped into the office the other day. He said that he was off to the Middle East to build roads.
This is one drawback of island life;you make friends and sooner or later they leave for new pastures.
However, it creates opportunities for others.
It came as a surprise, when he informed me that he owned land in Provo, Turks and Caicos and that he would like to give the listing to me.
Having told me that it was 0.78 acre and one plot back from the canal in an area I know well, I was not too excited. As I explained to him, there are other desirable building plots around there, right on the canal which would be competition for his plot.
BUT, he continued on and the more information he relayed, the more desirable the property became.
This is because he has full structural drawings to build a 2 storey duplex consisting of 2 apartments and a separate guest house. ( planning permission would have to be applied for)
The upper levels would have views over the lake and canal.
The new owner could live in one unit and rent the others or live off site and rent the whole lot.
Of course, another option would be to build a large single family home.
All long term rental income here is tax free and with the rental market being strong, the return could be a healthy one.
See more details on my site www.caribbeanhomefinder.net or call me (649 242 1714)
This is one drawback of island life;you make friends and sooner or later they leave for new pastures.
However, it creates opportunities for others.
It came as a surprise, when he informed me that he owned land in Provo, Turks and Caicos and that he would like to give the listing to me.
Having told me that it was 0.78 acre and one plot back from the canal in an area I know well, I was not too excited. As I explained to him, there are other desirable building plots around there, right on the canal which would be competition for his plot.
BUT, he continued on and the more information he relayed, the more desirable the property became.
This is because he has full structural drawings to build a 2 storey duplex consisting of 2 apartments and a separate guest house. ( planning permission would have to be applied for)
The upper levels would have views over the lake and canal.
The new owner could live in one unit and rent the others or live off site and rent the whole lot.
Of course, another option would be to build a large single family home.
All long term rental income here is tax free and with the rental market being strong, the return could be a healthy one.
See more details on my site www.caribbeanhomefinder.net or call me (649 242 1714)
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