Caribbean investment in the fast growing tourism market of Grenada, with 70% finance and 8 yea4 guaranteed rental

Bacolet Bay

Bacolet Bay is an award winning development on the Caribbean Island of Grenada offering excellent yields.

Located close to the capital St Georges, this 5* project boasts a fabulous position within an idyllic bay bordered by lush rain-forest, warm seas and white sandy beaches. The resort is situated just 20-minutes from the Point Salines International Airport and will be the first 5* resort to be completed on this area of the island.

Investors are can now enjoy a guaranteed rental return for 8 years and enjoy discounts of between $100,000 and $400,000. With villa purchases they will have the security of land title at exchange of contracts. Investors will also receive a free furnishing pack and an excellent return with a guaranteed rental for 8 years.

This fully managed project offers a 20-year transferable rental program in addition to interest free, stage payment mortgages. 70% LTV finance is also available at completion. Clients are also able to enjoy 4 weeks personal use per annum.

The guests can enjoy the superb facilities offered within the 41-acres of tropical gardens and the sense of privacy and space provided by the exclusive interiors designed by Peter Silling. Residents will be offered the finest haute cuisine from a choice of four dining areas with stunning ocean views, offering a variety of cuisine from the local Creole to 5* Al la Carte. There will also be a number of bars throughout the resort, with the choice of beachfront or elevated hillside views. All owners will have full access to the spa and fitness centre. Private moorings will also be available for small vessels and the resort will also include a wedding chapel.

The project is set to be managed by one of the leading luxury US hotel operators and has been designed to meet the growing tourism industry with the island enjoying increased levels of tourists from the US and the UK. The introduction of daily flights from the US and twice weekly flights from two British airlines has also made the island even more attractive to tourists

By regional standards, the Grenadian market is considerably undervalued and most spectators predict annual price rises of 10% or more in the medium term. The limited supply of high quality resort property and growing demand from the tourism industry is pushing up prices and yields in this sector. Indeed as Grenada grows with the considerable investment in tourism it is predicted that there should be some convergence in price with its neighbours. In 2008 the Camper & Nicholsons Port Louis Marina opened Grenada making the island attractive to yachts and mega yachts.

Planning restrictions on Grenada allow only a low density of build and restrict the height of buildings to two floors. There are underway at the moment 5 main developments on Grenada and this restriction mean that there will not be any more significant developments. These planning restrictions not only preserve the natural beauty of the island but also assist in ensuring that the market place does not become over supplied and that there is demand to service these developments.