THE SKYHOUSE Duplex
IN THE TURKS & CAICOS ISLANDS
-$500,000 Raise-
A Luxury Beachfront Duplex - (2) Studios
-Investment Opportunity-
Building 1 - (4) studio units
A private gated community in one of the most beautiful beaches in the Caribbean...
Location: Overview:
Beachfront are in the neighborhood called the Cottages. features of the neighboorhood its centered in a collection of 10 Cottages.
This Premium Oceanfront Lot rests on a Fully Serviced, Permitted & Deeded building Lot ready for construction.
The Site Plan and Building Permits are approved for 2condo units + The Signature SKYDECK.
A Standout Investment
only 2 units, premium for ones who want privacy
Raise $500,000 For SKYHOUSE FUND #2
12 month term
Minimum Investment Opportunity $100,000*
Receive 15% R.O.I. on Principal = $15,000
50% Profit Sharing Bonus on completion (proportionate to your investment)= $25,000
**Purchase Option (15% discount off the Price of a future condo purchase)
Future Additional Investment Opportunities available (re-invest)
*** Free Week per year you are Invested (A $5,000 Value)
-Security: is a 1st mortgage charge registered against the property and managed by SkyDeck Investments.
-Loan to Value not to Exceed 60%. Funds are advanced under a progressive draw schedule after work is complete
Sales
Building #2: Price List (2 Units)
-Updated August 1, 2021
Bottom floor:
Unit 1: 1 Bedroom / 1 Bath 600 q.ft. @ $350,000 ($50,000) -Reserved/
Top Floor: *
Unit 2: Studio + Rooftop / 1,250 sq.ft. @ $500,000
Total Sales: = $800,000
Deposits from Purchasers = $150,000 (20%)
The Property has all services to the street and we anticipate construction to begin in the Fall of 2021.
We are anticipating both units on Lot #2 to be SOLD prior to the completion of construction.
PROFITS
The Numbers
An Investment Opportunity for Sophisticated Real Estate Investors.
SKYDECK Luxury Condos on the Ocean (Lot#2)
Costs:
Lot Value: $200,000
Building Cost: $350,000
Soft Costs: $50,000
Total Land & Construction Costs: $600,000
Purchaser Deposits of $100,000*
Financing of $500,0000 (Raised by SkyDeck Cap LLC.)
Condo Sales: $850,000
- Total Costs: $600,000
= Total Profit: $250,000
Profit Share/Split is structured at 1/2 to the Investors and 1/2 to the Developer…
Based on $100,000 Invested or 20% of the Fund Value you would receive a Bonus of $25,000 on completion.
(1/2 profit of $250,000 = $125,000 x 20% of Fund ownership = $25,000)
Your Investments
were designed to be enjoyed
Your Investment
Your Investment in The Fund Earns you a 15% ROI on Your Principal Investment.
The Fund also Receives profit sharing of 50% of All Profits from the Developer.
On an Investment of $100,000 you will receive in 1 year:
$100,000 Principle
$15,000 Interest -ROI (Return on Investment)
$25,000* (your share of the profits) *projected
Total Return on Investment: 40% -R.O.I.
Opportunity to Re-Invest in the next Building Fund
Comparables
OEANSIDE I
Phase 1 & 2 of the RESERVE were Built in 2003 & 2008. the buildings are nearly 20 years old and have retained their value exceptionally well. Our offering is in a superior Location (higher up) and is all new construction. the Market has responded well and with prices 20% higher for new product.
Recent Sales:
1 Bedroom / 1 Bathroom, 1,235 sq.ft. $400,000 SOLD May 1, 2021
1 Bedroom / 1 Bathroom, 1,635 sq.ft. $515,000 Listed May 15, 2021
THE OCEANSIDE
The OCEANSIDE began building in 2021. The development is almost complete and sold out with one building site remaining. The older models have retained their value exceptionally well. Our offering is in a superior Location (higher up) and is all new construction. the Market has responded well and with prices 20% higher for new product.
Recent Sales:
3 Bedroom / 3 Bathroom, 1,235 sq.ft. $582,500 SOLD Feb 24, 2021
3 Bedroom / 3 Bathroom, 1,635 sq.ft. $532,000 SOLD April 14, 2021
2 Bedroom / 2 Bathroom, 1,235 sq.ft. $485,500 SOLD July 6, 2021
Active Listings:
3 Bedroom / 3 Bathroom, 1,235 sq.ft. $600,000 Active
3 Bedroom / 3 Bathroom, 1,635 sq.ft. $629,000 SOLD May 15, 202
Beachfront First Phase Opportunity
Luxury Beachfront, Phase I, Ground floor Opportunity
A New Master planned private gated Community