Luxury 5 Star Caribbean Development for Sale in St. Vincent and the Grenadines
Caribbean Property for £1,000
Buccament Bay Beach Resort
Buccament Bay Resort nestles in the beautiful bay of the same name, occupying 70 acres of prime real estate. The resort is bordered on the Northern boundary by the Buccament River which has meandered through the Buccament valley, making its own path for thousands of years.
The finished resort will have a mixture of properties, from hotel studio apartments to four bedroom plantation houses, residing in their own landscaped grounds. The cabanas will make up the infrastructure of the hotel supplying five star rooms with the freedom of their own private villa. The properties will come fully furnished with air-conditioning to the bedrooms. Free occupancy by the owner for one month per year (2 weeks high and 2 weeks low season) will be included in the price. The whole complex will be run and managed as a hotel, much as the famous 'Plantation Beach' in St Lucia. This provides an excellent investment opportunity and the chance to fulfil a lifelong dream of owning a property in the Caribbean.
Due to a government initiative to increase tourism on the island, there will be no income tax due on profits from the Buccament Bay Resort for twenty years from completion.
Buccament Bay 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
*No capital gains or income tax for the first 20 years
*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.
Apartments: (Fully Furnished)
Hotel Suites from £115,000
Studio Apartment 688 sq ft from £145,000
1 Bed Apartment 827 sq ft from £175,000
2 Bed Apartment 1,139 sq ft from £225,000
2 Bed Apartment (end terrace) 1,336 sq ft from £275,000
Penthouse Suites from £750,000
Cabanas: (Fully Furnished)
1 Bed Cabana 700 sq ft £285,000
1 Bed Deluxe Cabana 900 sq ft £350,000
2 Bed Cabana 1,300 sq ft £495,000
2 Bed Plantation Cabana 1,672 sq ft £650,000
3 Bed Plantation Cabana 2,064 sq ft £750,000
4 Bed Plantation Cabana 2,524 sq ft £825,000
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.
About This Property
Category
Resorts
Sold by
Agent
Address
St. Vincent and the Grenadines