Description:

This property is comprised of two separate parcels of land in the privatte Leeward subdivision. The first site is parcel 103 which is 3.72 acres and has 205 feet of ocean frontage and 446 feet on the canal. This parcel is listed for sale for $4,495,000. The second property is adjacent parcel 82 which is 0.64 acres and has 111 feet of frontage on the canal. Parcel 82 is listed for US$525,000. These two sites can be acquired separately or as a package.

These sites are zoned TO1 Tourism (Hotel, Condos & Holiday Homes) along with most of the waterfrontage in Leeward. To date most development within Leeward has been residential in nature. The most obvious example of a tourism related development in Leeward would be the nearby Blue Haven Marina.

Location on the Leeward Cut provides convenient access to the north and south coast of Providenciales which is ideal for boat owners. The fact that the properties are in the private Leeward subdivision and the combination of canal and ocean frontage creates a number of development options. It would certainly be an ideal location for higher density residential development, or perhaps as a Providenciales base for a development on the East Cays or North Caicos.

Developers should note that the adjacent site to the North (parcel 29) is also listed for sale - it is 14.47 acres and has 600 feet on the Leeward Channel and is incredibly well priced. Taken together these three sites would be nearly 19 acres, with 805 feet on the ocean and 557 feet on the canal.