There once was an ugly duckling…..

There once was an ugly duckinlg, but this photo really shows just what Turks and Caicos is really about. It is an image of the lovely Azul development that is in the last stages of completion.

Despite the downturn the developer has plodded on relentlessly and the results are really something to be proud of. Check out the images on this

link, which show the development in earlier stages. We have four units for sale, all in excellent positions.

The developer informs me t

hat 40% is already sold, and on the ground floor in the front of the building is a retail complex which is doing well. At the moment not all the landscaping has been completed, but there are many fountains and more greenery to be installed, which will really finish off this development beautifully.

As you walk up the stairs to the upper levels, fantastic views across Grace Bay and Turtle Cove emerge. Combine this with great public access to the beach, casino, bars and restaurants in Turtle Cove, this deve

lopment is well positioned for the vacation market – which it has been designed specifically for.

Th

ere will be a full dining restaurant available, and the developer is negotiating a range of packages for holiday makers – not specifically targeting the high end client, but looking towards offering a broader range opportunity for the investor.

The management company who will look after the units and running the rental pool for vacationers, is aiming for a 40%/60% split (60% for the owner). This would cover the promotion of the development, servicing the needs of the consumer and ensuring that all the services are in place.

Financing is available from the d

developer, currently at a competitive at 8%. A studio costs in the region of $315.000 with a junior one bed costing aound $360.000.

Located opposite Sea Flowers which is a townhouse development (townhouses cost in the region of $425.000), the Azul is an attractive way to gain a foothold in the fast developing holiday market here in Turks and Caicos.

This is certainly a development to watch out for.

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