Buccament Bay News

Pat Cash Tennis Hotel – Pre Launch Details

Harlequin Hotels & Resorts is proposing to build a Pat Cash Tennis Hotel at Buccament Bay, St Vincent & The Grenadines and The Marquis Estate, St Lucia.

The Pat Cash Tennis Hotel will be designed to offer luxury accommodation for tennis fans in an environment that will reflect Pat Cash’s love of tennis featuring memorabilia from the years he has played tennis, including his Wimbledon win. The hotel will include a restaurant and boutique stocked with the latest tennis clothing and equipment.

The hotel will be situated within the main resort and will be the perfect place for guests to stay who wish to be coached at the Pat Cash Tennis Academy as well as offering extended stays for guests who wish to take longer courses of tuition to improve their tennis game. The facility will cater for youngsters who are showing particular talent in this sport as well as for teams who wish to be coached prior to the tennis season in their home country.

Buccament Bay, St Vincent & The Grenadines

Pat Cash Tennis Hotel Suites
Pre-launch price from £125,000
Launch price, 1st June 2010 from £135,000

Pat Cash Tennis Hotel One Bedroom Apartments
Pre-launch price from £145,000
Launch price, 1st June 2010 from £155,000

Pat Cash Tennis Hotel Two Bedroom Apartments
Pre-launch price from £165,000
Launch price, 1st June 2010 from £175,000

The Marquis Estate, St. Lucia

Pat Cash Tennis Hotel Suites
Pre-launch price from £145,000
Launch price, 1st June 2010 from £155,000

Pat Cash Tennis Hotel One Bedroom Apartments
Pre-launch price from £165,000
Launch price, 1st June 2010 from £175,000

Pat Cash Tennis Hotel Two Bedroom Apartments
Pre-launch price from £185,000
Launch price, 1st June 2010 from £195,000

For more information and to register your interest, please contact us on:
0800 038 0000 (UK) 
+44 1483 748629 (Overseas)
or register here

Latest Buccament Bay Construction Photos 2010

View the slide show click here.

Foundation works on the waterfront area continues at speed with a special construction crew designated to this area. The below image shows the foundations of the Trader Vic’s Restaurant coming out of the ground and the area technical drawing gives an indication of the location in the grander scheme. Build is on schedule to have the bulk of the building works completed in this area within 4 months. The building position here shows the extent to which the beach reconstruction will form new land allowing the pools and beach club to cascade over incremental walkways down to the new beach line and water’s edge.

Pictures of the far end of the beach illustrate the extent to which the beach reconstruction is now forming new land with substantial new dry beach and wet beach areas being created. This process moves forward in line with the construction schedule of the breakwaters beneath the waterline that will protect the beach from any surges and hold the white sand which will arrive in the coming months. Engineering and modelling work for this was carried out by world leading marine architect and construction teams at Baird and Associates.

Block 3 work continues and casting has now been complete for the 3rd floor which will be lifted into place and completed over the coming weeks.

Block 1 (Waters Edge) Foundations can be seen in coming out of the ground and casting has begun for the first floor panels. Overall block development continues on target and the team at ICE construction has two new high powered cranes on site to harness and lift floors into place.

For further details visit click here.

Buccament Bay Siteplan now on YouTube

Following the demand for information regarding the very latest siteplan at Buccament Bay, we are pleased to announce that a video of the siteplan has now been loaded to YouTube and can be viewed from the below link:

Watch Video Here

Pirate Galleon Sets Sail For Buccament Bay

Following the announcement that a Pirate Galleon would be built and docked at the Buccament Bay Beach Resort on its opening in 2010, we are pleased to announce that the Pirate Galleon has been loaded onto a container ship in Singapore and is now on route to the Caribbean.

We have created a slideshow of these photos for your viewing pleasure and these can be seen on the below link:

Watch Video Now

Latest Buccament Bay Construction Photos September 2009

Principal International have just received the latest construction photos on the Buccament Bay Beach Resort in Saint Vincent and the Grenadines which can be viewed below.

These images show the progress the Buccamant Bay development has taken since the previous photos were released in March 2009 and shows the building work progressing nicely towards the Summer 2010 opening date.

Watch Video here

Latest Buccament Bay Construction Photos 2009

Principal International have just received the latest construction photos on the Buccament Bay Beach Resort in Saint Vincent and the Grenadines which can be viewed below.These show the ongoing construction of the Apartment blocks as this development progresses towards completion in 2010

Watch Video

Ultimate in luxury – Caribbean Island Sanctuary and Spa villas

Principal International one of the UK’s leading overseas property investment companies has just released a small number of unique luxury villas for sale in the Caribbean. The Island Sanctuary and Spa villas are situated in private grounds surrounded by soft white sand and hidden away by lush greenery.

These highly specified private villas boast spacious accommodation and are being offered to serious investors with a 2 year 10% rental guarantee and a free 30 day personal use contract. Simon Ryeland Director of Principal International says “this is a very exciting opportunity to invest in an outstanding high quality property in the Caribbean. These villas are the ultimate in luxury and will appeal to a very sophisticated investor. The numbers are very limited, and some locations have sold out already.”

The Island Sanctuary can be found at Merricks in Barbados, Buccament Bay in St Vincent, a newly launched opportunity in St Lucia and two locations in Dominican Republic.

Principal International have a wealth of experience selling overseas property to investors, particularly in the Caribbean where they also have a number of other apartments and villas for sale in key established markets. They are currently offering a two year 10% rent guarantee on apartments and cabanas, which can be secured with a very small reservation deposit irrespective of the final cost of the property. In addition some of the units also come with a 50/50 room rate share option for several years thereafter. These investment opportunities are quite unique and are therefore selling out fast, full funding packages can be arranged subject to status and availability.

Caribbean investment property is becoming a favourite

A recent article published by the Independent suggested that buying property in the Caribbean was becoming a favourite with investors as more and more of us are looking further a field for investment property.

The Caribbean is becoming more expensive with Islands such as Barbados and Dominican Republic stealing the limelight and prices here rising steadily year on year. There is no doubt amongst the investment community that the luxury end of the market is what were looking for as this gives us the best returns as the population slowly becomes more wealthy.

However there is a jewel in the crown so to speak, the island of St Vincent, situated 100 miles west of Barbados, between St Lucia to the north and Grenada to the south. Its landscape depicts the ultimate in lush rainforest rolling mountains and golden sands. One major 5 star development is emerging which is proving to be a glorious investment.

The new major airport serving its developing tourism is due to open in 2011 to coincide with the launch of this fantastic luxury development of beachfront villas, 5 star apartments and waterfront cabanas. Added to this will be the ultimate in spa luxury provided by the hotel complex which it has been announced will be managed by the multinational group; Oasis Hotels.

Many of the properties have already been sold but the remaining ones are still offered with a low reservation deposit, 2 year rent guarantee and a room rate share option.

Prices in St Vincent are rising but not in comparison with neighbouring islands and there are still a few opportunities to buy at off-plan prices. The island is far less developed and it is anticipated that restrictions will be placed on future large scale developments so this really is a one off opportunity to buy here. The standard of living is still very cheap and much emphasis is put on local trade keeping the prices down.

Now is definitely the time to buy in St Vincent.

New Completion Dates in the Caribbean

Further to the news release last week regarding the announcement of the hotel operator for Buccament Bay in St. Vincent and Two Rivers in the Dominican Republic, we have just received the below further information from the Developer.

Simon Ryeland, Managing Director of Principal International, comments, 

“We understand the frustrations with the delay in progress of this resort but investors can rest assured that this is still one of the best investment opportunities in the Caribbean, particularly in consideration that there is now a greater need for a new 5 star hotel than two years ago.

Having given the matter some thought, we felt it was most appropriate to simply ‘cut and paste’ the content of their notification to us, so that you can see precisely what they have communicated to their agent network.

Whilst, as investors ourselves, we can understand clients possibly being disappointed about the delays that will be experienced in completing these projects, we always recognised it would be inevitable that the appointed hotel operator would want to have an immediate close look at the projects and have some form of input into the building project timing and handover dates. For all of us as investors, it is vital that the launch of each development is as successful as possible, as it will set the scene for the reputation that resort earns and therefore the level of occupancy it enjoys over the medium to long term; as we all know, increased occupancy equates to increased investment yield.

For those clients who have purchased property in these projects, there will be some increased interest costs from stage payments and also, if applicable, from the use of the 100% finance option; however, the delay in completion will have the benefit of allowing the capital value of your property to appreciate further. This appreciation will, in turn allow you to, if you so choose, release more equity from the 70% Loan to Value mortgage you take at completion.

Please feel free to call either myself or one of my team (on 0800 038 0000 / +44 1483 748629 / contact) if you want to discuss these projects or any other investment projects in more detail.”

As and when we receive any further news about the Caribbean developments, we will of course keep you fully posted.

Buccament Bay / Two Rivers Hotel Operator Announced

Principal International are very pleased to be able to confirm that the developer has now signed contracts with the Spanish Group Globalia, who own the Oasis Hotels & Resorts brand (www.oasishotels.com), for both the Buccament Bay and Two Rivers projects in St. Vincent and the Dominican Republic respectively.

In their most recent published accounts, Globalia achieved a turnover of circa 3.5 billion Euros and, as an overall group, have all of the fundamental elements in place to be able to secure the occupancy levels and returns that the investors in the projects are anticipating. As a group, Globalia owns : -

• 1,200 office Travel Agent brand (Travel Plan) across Europe
• A significant Travel Agency brand in the USA
• A major European based airline – Air Europa
• Air Dominican – the airline of the Dominican Republic

Globalia is ideally placed to not just sell sufficient holidays to deliver the occupancy levels across both developments, but also to effect the logistics of getting guests to the various resorts.

Each of the resorts will retain its own brand image, so Buccament Bay will remain “Buccament Bay” and will build on the widespread awareness that already exists for these developments.

Price Rise

We understand from that, with effect from the 1st of May 2008, there will be a 20% price rise across both the Buccament Bay and Two Rivers resorts and a similar increase will be applied to the other resorts once the contracts have been signed over the coming months. These price rises will be in addition to the planned price rises in July and October.

Should you have any queries, please feel free to call either myself or one of the team to 0800 038 0000 (UK) or +44 1483 748629 (Overseas).

Unique Property Investment Bond Offered by Principal International

Principal International are delighted to be able to offer to the UK investment market an excellent new investment property product with guaranteed returns over a short, fixed term. Through one of our trusted, specialist investment developers we are able to provide property investors with the opportunity to achieve a guaranteed return of 12.5% return each year for a two year fixed contract term.

Simply invest a minimum of £50,000 for a fixed twenty four month period and receive £62,500 back – guaranteed! Derick Ivimy, director of Principal International, comments: “This is an excellent way to invest in property over the short term and know that you are going to achieve a truly excellent rate of return. This product turns the usual property investment wisdom on its head. No longer does property investment have to be medium to long term to ensure good results.” He continues: “With returns this high and guaranteed it pays to borrow just to invest.”

Although the minimum investment sum in to this scheme is £50,000 there is no maximum investment figure. You will enter into a UK based contract which guarantees to return your investment sum plus twenty five percent on the second anniversary of contract date. There is no limit to the amount of contracts you sign so that you can spread your investments over a period of months to get returns back over a staggered period to ensure that you have more flexibility and are therefore not tying your total lump sum investment in at the same time over the same period.

It also allows you to invest on a continued basis as and when other investment products you may hold reach maturity. Subject to the terms and conditions of your Self Invested Pension Plan provider you should also be able to use funds from your Self Invested Pension Plan to invest in this excellent new product. Principal International offer a full range of innovative property investment products through the same UK based developer.

For more information contact Principal International on 0800 038 0000

Pirate Galleon

The Western coast of St Vincent, with its calm Caribbean waters, is no stranger to having its beauty portrayed on film. The Walt Disney series of films; Pirates of the Caribbean were shot in the next bay along from Buccament Bay. It is clear that St Vincent has undoubtedly benefitted from a greater public awareness with these major film releases.

In keeping with The Pirates of The Caribbean theme, the Developer, of the luxury 5 Star Buccament Bay Beach Resort has commissioned a ‘pirate galleon’ to be built and moored in Buccament Bay.

Buccament Bay Availability

Just a quick line to let you know that the availability of the Buccament Bay resort in St. Vincent has just been updated on the website : buccamentbay.com

With the recent announcement of the price increase due on the 1st December many units have sold over the past week with:

• ALL Studio apartments now sold
• Block 4 has completely sold out
• Only 2 1 bedroom apartments left
• Only 4 Hotel style studios left at £115,000

If you are still pondering over which unit to go for or need further advice before making your decision, please give us a call on 0800 038 0000 or +44 1483 748 629