Bacolet bay, Grenada, Caribbean

  1/2


  A stunning, award winning development on the Caribbean Island of Grenada offering predicted yields of up to 14%. Set conveniently close to the capital St Georges this 5* project boasts a fabulous position within a idyllic bay bordered by lush rainforest, warm seas and white sand beaches. The resort is situated just 20 minutes from the Point Salines International Airport and will be the first 5* resort to be completed on this area of the island.

This fully managed project offers a 20 year transferable rental program in addition to interest free, stage payment mortgages. 70% LTV mortgages are also available at completion. There is also an alternative scheme that allows you the 4 weeks personal use per annum with the mortgage paid for life.

The project is set to be managed by one of the leading luxury US hotel operators has been designed to meet the growing tourism industry with the island enjoying increased levels of tourists from the US and the UK . The introduction of daily flights from the US and twice weekly flights from two British airlines has also made the island even more attractive to tourists

By regional standards, the Grenadian market is considerably undervalued and most spectators predicts annual price rises of 10% or more in the medium term. The limited supply of high quality resort property and growing demand from the tourism industry is pushing up prices and yields in this sector

Planning restrictions on Grenada allow only a low density of build and and restrict the height of buildings to two floors. There are underway at the moment 5 main developments on Grenada and this restriction mean that there will not be any more significant developments. These planning restrictions not only preserve the natural beauty of the island but also assist in ensuring that the market place does not become over supplied and that there is demand to service these developments

Please note: Details for all properties are provided and maintained by third parties. Therefore, homesoverseas.co.uk makes no warranty as to the accuracy of these details.