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Properties Abroad.com are proud to announce the first five star resort development on Barbados for twenty years.
This exclusive development is ideally situated with its own secluded beach and cliff top location on the South East coast of this superb Island.
Studios, apartments, detached and semi detached villas to luxury penthouses and exclusive 5 bedroom cliff-top villas all available at off plan prices.
The resort offers the astute investor a chance to reap the benefits of potentially high rental yields and significant capital gains.
* 100% Finance Available!
* Just £1000 to pay until completion
* Mortgages available up to 70% LTV *subject to status*
* Managed by 5* Hotel company
* Two years 10% rental GUARANTEED then 5 years 50/50 room share
* 30 days free use per year
* Rental yields of up to 33%
* Realistic capital growth of 15% +
The resort is situated within 70 acres of lush Caribbean paradise with a secluded half moon beach and on a cliff top location in the stunning South East Parish of St Philip.
You have the choice of either purchasing a luxury Apartment, Cabana or villa in this exclusive residence or investing in the most exciting new resort to open in Barbados in the last 20 years!
The benefit of buying one of these prestigious residence homes is that they have the full use of facilities of the 5 star Beach Resort which includes a spa, gym, swimming pools and tennis courts also bars and restaurants, a conference centre and local shops.
Features
Investment/Off Plan
Sea Views
Mountain Views
Panoramic Views
Local Views
Golf Nearby
Beach Property
Bank Guarantees
Mortgages
Communal Pools
24 hr Security
Childrens play areas
Club House/Bar
Tennis
Fitness centre
Restaurant
Indoor Swimming Pool
Barbecue area
Disabled Access
Medical facilities onsite
Property Maintenance Service
Telephone line(s) available
Broadband Available
Special Notes
WHY INVEST IN BARBADOS?
- Barbados is already one of the most popular holiday destinations in the world with a well-established tourist industry and a huge demand for hotel accommodation all year round. The total number of visitors has increased by 13% since 2002 at an average rate of 3.13% per year during this period, with visitors predominantly from the UK (37.6%), USA (23.2%) and Canada. In 2006 the total expenditure by tourists was $763.2 million. This averaged out to $127.48 per day for each tourist in Barbados.
- There is an established property market and prices are still rising due to near saturation as there is a limited stock of property available for sale and limited land available to build on. With capital growth expected to be consistent at +15% per annum for the next four years bringing a high return on investment it is still an attractive prospect for overseas property investors. Peter De Savory, quoted on www.Propertyweek.com, 4th April 2008: “You can buy first class new land for $700 to $1,200/sq ft. In Barbados it’s around $2,500.”
- The Bajan Government sees the tourist industry as the main catalyst for economic development and has created the Tourism Development Act which offers incentives to expand the tourism and hospitality sector. It includes provision for investors in tourism projects to benefit from write off of capital expenditure and 150% of interest. There is also exemption from import duty, value added tax and environmental levies in respect of furniture, fixtures and equipment as well as building materials, supplies and equity financing.
- Business Week 2008 quotes Stuart Layne BTA President and CEO "The bottom line is that the only sustainable option for tourism on a small island state like Barbados is to offer quality over quantity and to offer it all year round" and he predicts that eventually demand will outstrip supply. "If we accomplish what we are trying to do, there may very well be a waiting list to get on the island."
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Disclaimer
Property details, prices and availability are supplied by vendors or their agents and are subject to change. We cannot be held responsible for any inaccuracies. Thank you. ...more