THE MERRICKS BEACH RESORT- BARBADOS - CARIBBEAN
Published Apr 21, 2009
Sensational Offer
(Click image to Enlarge)
- Fully furnished freehold properties on 5-star resorts
- Only £1,000 reservation fee – £1,000 CASH BACK ONCE 30% DEPOSIT PAID
- 30% deposit which can be borrowed – developer pays monthly payment on this
- 30 days FREE use each year
- No Capital Gains Tax, Buying Tax or Inheritance Tax
- 70% guaranteed LTV mortgage from completion
- 100% finance available – 70% LTV mortgage covers 100% purchase price
- Two year 10% rental guarantee followed by 50% net property rate share which pays mortgage with cash back every year to you
Click here for more details and a fuller explanation
Example:
Studio Suites from £245,000
Garden Suites from £210,000 and Ocean Suites from £255,000
1 bed apartments from £290,000 and 2 bed apartments from £345,000
1 bed Cabanas from £430,000 and 2 bed Cabanas from 620,000
2 bed Plantation Houses from £825,000, 3 beds from £925,000 and 4 beds from £975,000
All on this 5-star resort within walking distance of beach with restaurants, bars, fitness centre, spa, swimming pools, shopping centre with designer boutiques.
Excellent Investment Opportunity
All suites are fully furnished and have a two-year rental guarantee of 10% of the original purchase price, paid from completion. After this time you will receive 50% net of the rental ongoing. You can also occupy your property for 30 days during the year without charge. The developer also offers 100% finance, which means you only need to pay £1,000 reservation fee with nothing else to pay until completion. The developer will pay your monthly interest payment on the 30% deposit and provide a 70% guaranteed LTV (Loan to Value) mortgage from completion.
Barbados is already one of the most popular holiday destinations in the world with huge demand for hotel accommodation all year round. There is already an established property market and returns have been consistent with no sign of it changing in the foreseeable future so it is popular with international real estate investors.
The Merricks Beach Resort will become one of Barbados' s most luxurious, family-orientated 5 star resorts and will offer state-of-the-art accommodation and amenities including a world class spa. There is currently a shortage of this level of accommodation on the island.
Barbados is one of the most popular luxury holiday destinations in the world with breathtaking scenery, a wealth of chic restaurants and world-class golf courses. Located where the Atlantic Ocean meets the Caribbean Sea and close to the equator the island enjoys a warm and sunny climate all year.
The luxury 5 star Merricks Beach Resort is situated in a stunning cliff top position in the south east of Barbados on the ruggedly beautiful Atlantic coast and enjoys spectacular panoramas forged over millions of years by the powerful Atlantic Ocean's winds and waves. Located in the parish of St Philip, 4km north of The Crane and next to Sam Lord's Castle it's just 20 minutes from the Sir Grantley Adams International Airport.
The Merricks Beach Resort will be managed and maintained to the highest standard by world-class hotel company OASIS HOTELS & RESORTS. They are confident in providing the highest standards of quality, style and comfort for guests. The resort will also benefit from the efficiency of their global booking system and established online presence which will ensure maximum occupancy throughout the year.
Completion Date
We expect to complete the resort by Christmas 2012.
For more details please contact Phoenix Overseas - email merricks@phoenix-overseas.com.