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Deposit From: (£ approx)1,000 £ (£1,000)
Mortgage: 70% guaranteed
Location: Coastal
Property Type: Off Plan
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Bedrooms: 2
Own a piece of paradise with just £1,000 deposit! Properties from studio’s to 6 bed villas in the stunning 5* resort of Buccament Bay in St Vincent. Guaranteed 10% rental return will cover all mortgage repayments. Prices will increase by £5,000 on 1st January 2009.
Why? With no capital gains tax or income tax on profits for 20 years, this development is an excellent investment opportunity. Properties can be reserved with just a £1,000 deposit, paying the remainder by mortgage on completion. There is a 2 year guaranteed rental option offering 10% return per annum, followed by a 50/50 room share with the hotel. 30 free days per year are reserved for use by the owner. .
The west of St Vincent island is 4 times cheaper than neighbouring West St Lucia and 5 times cheaper than West Barbados.
When? The development is alredy underway and will complete in several stages starting towards the end of 2008, but with the guaranteed rental in place, your property will start earning you income from the time your property completes, not when the site is finished.What? - The finished resort will offer a variety of properties from studio apartments to 4 bed plantation houses. The Cabanas are fully furnished with air conditioning.
These two bedroom, two bathroom, fully furnished, semi detached cabanas offer a private pool and terrace, within the 5* Buccament Bay resort.
The facilities on the development include a gym, full 5* hotel facilities, pools, spa, casino and an 18 hole golf course is planned 10 minutes away.
There is also a Pirates of the Caribbean 'Black Pearl' galleon under construction will become a floating restaurant.
Where? Although an international airport is expected to be completed by 2011, flights are currently via Barbados, Trinidad & Tobago, St Lucia or Grenada.
Buccament Bay is located on the west coast of St Vincent, (on the Caribbean sea rather than on the Atlantic) where some of the movie 'Pirates of the Caribbean' was filmed and talks are underway to preserve the film set
How? Day 1 - £1,000 Day 15 - 10% Day 45 - 20% Completion - remainder by mortgage
The builder has offered to pay the interest and repayments on a bank loan taken to pay the main 30% deposit. So with just £1,000 you could own a property in St Vincent, as the mortgage repayments on completion would be covered by the guaranteed rental return.
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