SEVEN STARS ANNOUNCES SUMMER PROMOTION AFTER SPRING PROMOTION NETS THREE SALES

SevenStars Front GatewayBuilding on the momentum of three recent sales, which were a result of a late spring promotion, SSIG, the developer of Seven Stars, is pleased to announce that, in order to the take the sting out the recent increase in stamp duty (to 10% on all purchases over $500K), they will cover the difference between the old and new stamp duty rates, a savings of nearly 5%, for all purchases closed by September 30, 2013.  With only four units left, time is running out to own at Seven Stars with such favorable terms!   Click on this link for pricing and availability.

Listing agents:  Joe Zahm, joe@tcsothebysrealty.com  649.231.6188  and Lisa Lopes, lisa@tcsothebysrealty.com  649.231.4469

http://www.tcsothebysrealty.com

Turks & Caicos Sotheby’s International Realty Newsletter

newsletterThis past week our office was fortunate to be involved with the British West Indies Collegiate Work Experience Program for our second year. This program is set up by the faculty at the school whereby the Sixth Form students are placed within local businesses to enhance their learning experience and gain valuable knowledge in an effort to perhaps discover their future career.

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Turks & Caicos Real Estate Open House

Turks & Caicos Real Estate Open HouseTurks & Caicos Sotheby’s International Realty is pleased to invite you to an Open House at this newly built home in Grace Bay Hills, Wednesday, May 29th, 12 to 3pm, which will be hosted by our Sales Executive, Imelda Burke. We welcome anyone who would like to view this property. For further details of this listing please click on this link to our website.

Turks & Caicos Real Estate Open House

Turks & CaTurks & Caicos Real Estate Open Houseicos Sotheby’s International Realty is pleased to offer an Open House for our Provo Golf Club listings, Tuesday, May 28th, 12 to 3pm, which will be hosted by our Sales Executives, Imelda Burke, Dee Agingu and Lizzie Foster. We welcome anyone who would like to view our collection of properties within the golf club community. For further details of these listings please click on this link to our website.

Turks & Caicos Concert for Charity

Turks & Caicos Concert for CharityJZB and Turks & Caicos Sotheby’s International Realty

Raise $2,500 for the Ed Gartland Youth Centre

On April 29th, TCSIR President Joe Zahm and his band performed a stellar two hour show of original material to 150 enthusiastic participants on a starlit Monday evening at OPUS Restaurant & Wine Bar. Show highlights included the crowd pleasing Star Spangled Blues, Keep Playing, the inspiring anthem WhatudoWithWhatugot and a rousing finale of the Turks & Caicos Classic, Everyman.

The lovely and super talented Sally Greenwood opened the show with a selection of original material. Playing her acoustic guitar Sally warmed up the crowd with her ever so elegant voice and style.  Click on this link to read more.

Turks & Caicos Real Estate Open House

Casa Barana Open House May 9th.2013

Turks & Caicos Sotheby’s International Realty is pleased to offer an Open House for our newest listing which will be hosted by our Sales Executives, Richard Sankar and Imelda Burke. We welcome anyone who would like to view this beautiful beachfront villa.  For further details of this new listing please click on this link to our website.

Turks and Caicos Introduces New Tax and Revenue Collection Measures

TurksandCaicosGovernment

April 20, 2013 | 12:00 pm

The government of Turks and Caicos is planning to introduce several measures aimed at improving revenue collection and generating new revenue.

Chief among them is the planned increase in hotel tax to 12 percent from 11 percent, which will take effect July 1. The government said it is asking hoteliers to “adjust their advertised rates accordingly.”

The government is also amending the schedule of the Stamp Duty Ordinance; where the amount of consideration is $25,000 – $250,000 the duty works out to $6.50 for every $100 (or 6.5 percent; where consideration is $25,001 – $500,000, or $8 for every $100 (or 8 percent) and where the consideration is greater than $500,000 or $10 for every $100 (or 10 percent).

The government said both measures were modeled as alternatives to the introduction of the Value Added Tax, which was withdrawn by the UK government after widespread opposition in the territory.

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By the Caribbean Journal staff

Turks & Caicos Waterfront Restaurant and Boutique Hotel Investment Opportunity

Las Brisas Restaurant & Neptune VillasLas 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

Turks & Caicos Real Estate Market Report – 1st Quarter 2013

Turks & Caicos Market Report – 1st Quarter 2013Turks & Caicos Market Report

The first quarter sales of 2013 recorded the same overall dollar volume of the previous year thanks to the sale of the 16 acre parcel west of The Sands Resort, which is slated for a high end hotel development.  Click to read more

Turks & Caicos Press Release ~ Sailrock Development, South Caicos

SAILROCK ANNOUNCES THE BEACH VILLAS AT GREAT HOUSE

Building on the momentum of the recent completion of its first villas, CMK BWI Limited’s Sailrock Development is pleased to announce it intends to break ground in early 2014 on Great House at Sailrock, the focal point for the development of the magnificent 800 acre Peninsula located on South Caicos. Great House, with its elevated dual outlook to the eastern Atlantic Ocean and western Bell Sound, will ultimately service 66 ridge top one and two bedroom suites, 14 Beach Villas and 9 additional Sound Villas all with unpretentious, barefoot luxury. 

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Great House at Sailrock, South Caicos

Great House at Sailrock, South Caicos