Luxury 5 Star Caribbean Development for Sale in Barbados

Buy a Property in the Caribbean for £1,000

Insight Spain offer the latest Barbados property for sale on this magnificent Caribbean island with an extensive range of Studios, Apartments, Cabanas and Plantation Houses.

Merricks Beach Resort

Situated only a 15 minute car journey from the Grantley Adams International Airport. Over the next few years the airport is undergoing massive expansion. It will be the main gateway to the south and south-eastern Caribbean, especially for flights from Europe and from North America. Virgin intend to increase the number of flights to Barbados once the Merricks is completed.

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 purchasing a luxury apartment, cabana or villa in this exclusive residence by investing in the most exciting new resort to open in Barbados in the last 20 years! Buyers of one of these prestigious residences will have the full use of facilities of the 5 star Merricks Beach Resort, which includes a spa, gym, swimming pools, tennis courts, bars and restaurants, a conference centre and local shops.

Merricks Beach Resort offers the astute investor a chance to reap the benefits of potentially high rental yields. Features will include:

*All properties fully furnished to a 5 star standard
*2 year 10% rental guarantee, followed by a 5 year 50% room rate share
*Beach restaurant and bar
*Private swimming pool and spa, etc.
*30 Days free use per year
*100% Finance Available!

Buy a property with only a thousand pounds cash!

Thanks to some clever financing options, we are able to offer our clients a choice of Caribbean properties for just £1,000. That grand represents the non-refundable reservation fee and thereafter the purchase is 100% finance. In each case a 30% deposit is required within 45 days of reservation. If you opt for finance, not compulsory, the developer will cover the loan repayments including interest until completion and simply add on the cost of those payments to the purchase price upon completion. On a property of £200,000 that would mean an additional £7,080 on the purchase price based on an interest rate of 6%.

As the off-plan property is priced below market value and capital appreciation is inevitable during the construction process, we anticipate the example purchase price of £200,000 to grow to a valuation in the region of £325,000 at completion. A 70% loan to value guaranteed mortgage is available at this point raising £227,500, ample to cover purchase price and the £7,080 owed to the developer. It doesn’t stop there. Based on interest rates of 8% your £227,500 is going to cost you £18,200 each year, but every development involved has a 10% rental guarantee in place for the first two years after completion (50% of the net room rate thereafter) generating an income of £20,000 each year so your mortgage payments will be paid. This really is Caribbean for a grand plus a profit to boot.

Prices

Studio Apartments from £225,000
1 Bed Apartments from £265,000
2 Bed Apartments from £325,000

1 Bedroom Semi Detached Cabana £325,000
1 Bedroom Semi Detached Deluxe Cabana £395,000
2 Bedroom Semi Detached Cabana £495,000
2 Bedroom Plantation £595,000
3 Bedroom Plantation £795,000
4 Bedroom Plantation £895,000

To find out more about this development and others with similar financing in the Caribbean, please visit our website or complete the enquiry form below.