The '15 in 30 out' Deal

• 15% deposit down (15 in)
• 85% payable on completion (including 15% 'loan' from the developer and a 70% mortgage, subject to status)
• 3 years guaranteed rental at 10% per annum paid in advance on completion (30 out) (15% of which pays off the loan from the developer and you retain the other 15%)
• PLUS, nothing to pay for the first 3 years (your mortgage and maintenance fee is then paid for the first 3 years by the developer)

Thereafter, take the guaranteed mortgage paid for life option (nothing to pay ever!) or earn a superb income with up to 14% yields. Please contact us for full information.

The units come fully furnished and you still get 30 days personal usage per annum.

Completion is expected in June 2010. 

This is a limited offer and is only available on the hotel cottages or front line villas.

There are other payment options available for other unit types, please contact us for details. 

Tax

Grenada

Located in the eastern Caribbean at the southern extremity of the Windward Islands, Grenada is North of Trinidad and Tobago and south of St Vincent & the Grenadines (easily accessible as a day trip). With 133 square miles of mountainous terrain, reaching heights of over 2,750 square feet atop Mount St. Catherine, Grenada is a verdant island of outstanding natural beauty complete with swathes of white sandy beaches. Grenada is closer than you think. The island is accessible from North America, other Caribbean islands and Europe with 16 separate airlines serving Grenada’s Point Salines International Airport. Scheduled flights from the UK are available with Virgin Atlantic and British Airways from approximately £360 (correct at the time of writing).

Tourism

The tourism industry is growing fast and the Caribbean as a whole continues to grow as a popular destination.

The Past
Grenada is superbly placed to capitalise on the growth of tourism in the Caribbean. In fact the World Travel and Tourism Council recorded 400,000 visitors in 2006 and forecasts international arrivals to Grenada will reach 600,000 by 2016 with Travel and Tourism activity growing by 2.8% per year between 2008 and 2017. These predictions are based solely on organic demand and do not take into account the additional demand that will be gained by new resorts and increased airlift.

The Future
Despite government targets to offer 2,700 hotel rooms on the island, there are still currently only circa 1,700 hotel rooms on Grenada. The market for 4 and 5 star hotels is the fastest growing tourism sector and so the Grenadian Government has focused its development strategy to deliver properties to this standard. As a result, demand for high quality accommodation significantly outstrips supply.

Resort Overview

Located in the region of St. David’s on the south coast of Grenada, just 20 minutes from the international airport, the development is ideally situated for many of Grenada’s attractions whilst also being in a prime location for privacy and for taking in some of the most spectacular sea and rainforest views in the world. With 41 acres of tropical gardens, a 200m white sand beach and a secluded bay, this is an investment opportunity not to be missed. With a very low build density, just 12% (which equates to just 5 properties per acre), the resort comprises chic garden apartments and luxury private villas tiered into the hillside to ensure scenic sea and mountain views. Every property has a private pool and all are built to the highest specification and most luxurious Caribbean design.

Few resort locations can boast the spectacular views that owners and visitors of this development will enjoy. The setting is unmatched on the island, combining the benefits of beachfront living with lush valley views.

Facilities

A 5 star, market leading US hotel management company has recently been appointed to manage the development and the wide range of facilities that the resort will provide.

Hotel & Resort
This will be an integrated resort, managed to the highest standards. Facilities and services will compare with any world class hotel or resort. Residents and guests will enjoy impeccable service offered from the main resort reception and other facilities. The hotel reception area is located near the hilltop and offers magnificent sea views to arriving visitors and diners in its A La Carte restaurant.

Tropical Spa
Designed by Howard Consulting, designer of the renowned Armani Spas (www.howardconsulting.co.uk), and set within 2 acres of tropical forest, the spa will provide a haven to all guests and owners at the resort. The central spa will provide a superbly appointed gym and changing facilities alongside a range of thermal and hydro experiences. Outside, the natural lagoon-pool is a calm oasis shaped by lush and rich jungle vegetation.

The Properties

The five star resort enjoys a superb beachfront location with the additional benefit of a selection of properties offering lush valley views.

Properties available at the resort include one bedroom villas, two bedroom apartments and two bedroom villas. Each of these properties take in some of the most breathtaking views that Grenada has to offer, some overlooking the crystal clear sea and others with sweeping views across lush green valleys.

Prices

Comparing Grenada to other nearby Caribbean property markets, the Grenadian market is currently considerably undervalued.

Due to its early stages of development, Grenada offers excellent value by regional standards. However, prices are set to move considerably as Grenada already has better infrastructure and accessibility than many other islands. Over-development in the most established Caribbean islands has caused experienced local investors to focus on islands like Grenada. The Grenadian government are just starting out on a well informed path to create an upmarket tourism destination. Learning the lessons of other islands, Grenada is employing careful planning restrictions to ensure development is low rise and low density. Comparing Grenada to other nearby Caribbean property markets the Grenadian market is considerably undervalued and most spectators predict an annual price rise of 10% or more over the medium term. The limited supply of high quality resort properties, the popularity with UK buyers and demand for second holiday homes is pushing up prices and yields in this sector.

Click below to download the brochure, floor plans, a site plan and photo's.