A rare income producing opportunity in the heart of Grace Bay with future development upside for a boutique hotel or a condominium hotel. Rarely does a property combine immediate rental income with such compelling redevelopment potential in the heart of Grace Bay. This two-story duplex is situated on a generous 0.69 - acre parcel just a few steps from the beautiful Grace Bay Beach with all the top dining and shopping options nearby. Zoned for tourism, the property presents tremendous upside for investors and developers, with zoning that accommodates for boutique hotel or condominium development. The combination of size, location, and zoning in a private location with easy access to Grace Bay Beach, creates a rare opportunity to capitalize on Grace Bay's continued growth and strong demand of visitor accommodations. Prospective purchasers are advised to conduct their own independent due diligence and obtain all necessary planning approval