Nanny Cay
None
Geography | |
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Location | Caribbean Sea |
Coordinates | 18°24′N 64°38′W / 18.400°N 64.633°W / 18.400; -64.633 |
Archipelago | Virgin Islands |
Administration | |
United Kingdom
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British Overseas Territory | British Virgin Islands |
Additional information | |
Time zone | |
ISO code | VG |
Nanny Cay is an island of the British Virgin Islands in the Caribbean . It is made up of three cays originally known as Big Cay, Little Cay and Miss Peggy Cay. [1] In the 1970s these were consolidated into a single land mass for a marina and resort development. It is connected to Tortola by a short bridge. A marina, hotel, restaurants, condominiums and townhouses have now been built on Nanny Cay.
It also holds a minor footnote in legal history, having been the subject of a receivership for over 12 years during the 1980s and 1990s, and is the longest ever receivership in the history of Barclays Bank PLC . [1] The current owners, Cameron McColl, John McCoach, and Graeme Scott purchased it from Barclays. [1]
Today, Nanny Cay has a marina and boatyard which has berths for 180 motor cruisers and yachts and two boat lifts of 50 and 70 tons capacity with storage for 200 boats. It also includes a 40-room hotel and new waterfront townhouses for purchase and rental, two restaurants, a small supermarket, shops and boutiques, a dive shop, a water sports center, and a gym and spa. [1]
BVI Real estate investor Joe Chapman has used Nanny Cay as a useful example in the context of a discussion on the unique economic properties of marinas based on islands [2]
References
- 1 2 3 4 "A Brief History of Nanny Cay" . Archived from the original on 18 March 2014 . Retrieved 2 March 2015 .
- ↑ Chapman, Joe. "Conversation with Guy Spier" . The Education of a Value Investor .
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