5 Year 10% Rental Guarantee & Interest On Deposit

OUR RATING

A turnkey investment in fast growing tourism market with finance available

Rental Income:

Capital Investment:

Overall Rating:

Bacolet Bay

A stunning, award winning development on the Caribbean Island of Grenada offering predicted yields of up to 14%. Set conveniently close to the capital St Georges this 5* project boasts a fabulous position within a idyllic bay bordered by lush rain-forest, warm seas and white sand 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.

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

Investors are required to put just 15% down at exchange, and 15% once the build has reached foundation level. They will receive interest on their deposit of 7% p.a which will be paid quarterly in arrears. They will also with villa purchases have the security of land title at exchange of contracts. Investors will also receive a free furnishing pack and an excellent return of 10%p.a guaranteed rental for 5 years post completion

The project is set to be managed by one of the leading luxury US hotel operators 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 predicts 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 their 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 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