Excellent capital growth and rental income should be assured with this Caribbean 'Buy to Let'

Palmetto Bay Suites - Barbados

The Palmetto Bay Suites are located within the lush tropical gardens of the 5 Star Merricks Beach Resort, comprising 70 acres of beach front and cliff top land. Palmetto Bay is constructed to the highest specification with colonial-style architecture.

The spacious one-bedroom suites provide 460 square feet of stylish and elegant living accommodation with air conditioning and a private balcony that has views along the stunning East Coast of Barbados and across the Atlantic Ocean.

Each suite is finished to the highest standard and fully furnished in colonial-style; a luxuriously appointed bathroom, an interactive entertainment system with flat screen TV, internet access, stereo, personal in room safe and telephone.

There is a reception and concierge service within each building to ensure that guests have everything they need and provide them with all the services they require, such as restaurant and spa bookings, arranging taxis and sightseeing tours.

There is an innovative funding arrangement, which means that you only need to pay a £1000 reservation fee, followed by the balance of the 30% deposit within 45 days of reservation, with nothing else to pay until completion.

The developer is expecting to offer mortgages of up to 70% of the final value at the point of completion.

Additional Benefits for Barbados Property Investors

All suites are fully furnished together with air conditioning, entertainment system and flat screen TV.

• Concierge service
• Selection of swimming pools
• Island Sanctuary Spa offering luxurious and restorative treatments and therapies
• A range of sporting facilities and relaxation areas
• Sports academy offering expert football, cricket, baseball and tennis coaching
• Fitness centre
• Selection of bars and restaurants offering fine dining and casual eating
• Shopping mall and conference facilities
• Eco-friendly sources of power and waste disposal

The Palmetto Bay Suites meet the high standards and building specifications that you would expect from a 5 star development. The development will be managed and maintained to the highest standards by an independent resort management company with an excellent reputation and proven track record for managing the maintenance and rentals of similar 5 star resorts.

Rental Comparables

The table below shows room rates of other hotels in Barbados.

Prices are in pounds sterling per person per night, based on 2 people sharing.

The average occupancy rate for similar developments in Barbados is believed to be 80 to 85%

Barbados is renowned for being a first class international luxury holiday destination with huge demand for hotel accommodation all year round. Located in the Caribbean close to the Equator, it is warm and sunny all year with more than 3000 hours of sunshine.

There is an established property market and returns have been consistent over the years making it very popular with international property investors.

A limited supply of land and a terrific demand for property, combined with a plentiful volume of tourists can only mean one thing to the informed investor – property prices are set to continuing rising!

Barbados is an exclusive holiday destination where demand for quality accommodation constantly outstrips supply and the medium to long term prospect for property price growth is substantial.

The Palmetto Bay Suites is a superb opportunity to gain an affordable entry into one of the most thriving and exciting holiday destinations.