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Prices for Las Canas Boutique Beach Resort - DOMINICAN REPUBLIC - Caribbean start from: From £125,000 € (Euros) Las Canas Boutique Beach Resort, Puerto Plata, Dominican Republic
The Resort "The Hideaway" - Las Canas Boutique Beach Resort
Las Canas is an exclusive “boutique” resort positioned in the north of the Dominican Republic about 25 minutes from the international airport in Puerto Plata close to the small town of Sosua. The resort is situated in a quiet undeveloped area which will offer total seclusion for those looking for a romantic destination.
This luxury development will be grouped into a luxury 5 Star Boutique Beach Resort hosting no more than 150 units set in a sea front location directly on its own palm fringed beach.
Las Canas Boutique Beach Resort will comprise of Studio, 1 and 2 bedroom Apartment Suites, Luxury Penthouse Suites, 1 and 2 bedroom Cabanas and 2, 3 and 4 bedroom Plantation houses. All apartments and suites have open balconies with stunning sea views and large communal swimming pools. Each Cabana unit has an open terrace and private plunge pools where residents can relax with the cool sea breeze and enjoy the all year round fantastic weather in the Dominican Republic.
Las Canas Boutique Beach Resort will be finished to the highest specification and units come fully furnished to the highest standards. The furnishings team for the Las Canas Beach Resort have previously furnished Sandy Lane and the Colony Club in Barbados, as well as ‘Le Sport’ in St. Lucia
Las Canas Boutique Beach Resort Features will include:-
All fully furnished with flat screen T.V.
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 tax
Las Canas Boutique Beach Resort Location
The Resort is positioned in the north of the island about 25 minutes from the international airport in Puerto Plata
in a town called Sosua. We are building an exclusive development of under 150 units, which will be grouped into
a luxury five star boutique style hotel consisting of studios, one and two bedroom apartments and one and two
bedroom cabanas and 10 beach front deluxe plantations. All properties will be fully furnished, and we will be
offering a 2 year 10% rental guarantee.
Set amongst land directly on the beach, all units will be built within the lush, tropical landscape surrounded by
hundreds of palm trees. This six acre site is, without question, a stunning location
Las Canas Boutique Beach Resort Purchase Price
Studio Apartments from £125,000
1 Bed Apartments from £155,000
2 Bed Apartments from £190,000
1 Bed Cabana from £250,000
1 Bed Deluxe Cabana from £300,000
2 Bed Plantation from 350,000
2 Bed Deluxe Plantation from £425,000
3 Bed Deluxe Plantation from £525,000
4 Bed Deluxe Plantation from £650,000
Las Canas Boutique Beach Resort Payment Structure
£1,000 deposit
30% inc. deposit at signing of contracts (within 45 days of deposit)
70% on completion
100% Finance – Only £1000 to pay until completion!
This is an excellent opportunity to invest in a brand new property in any of the above locations with only £1000 ($2000) required.
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30% deposit required (less £1000 ($2000)) within 45 days of reservation. Should you choose to borrow the 30% deposit, the developer will pay the loan repayments, including interest, for the 30% deposit until completion of the specific unit you have reserved. These payments will then be added to the purchase price upon completion.
Example (Sterling): Property price £200,000. £1000 reservation fee paid. The deposit = £200,000 x 30% = £60,000 - £1000 (reservation fee) = £59,000. Interest on £59,000 @ 6% p.a. = £295 per month, paid for 24 months by the developer = £7,080 added to the purchase price upon completion.
Example (US Dollar): Property price $370,000. $2000 reservation fee paid. The deposit = $370,000 x 30% = $111,000 - $2000 (reservation fee) = $109,000. Interest on $109,000 @ 6% p.a. = $545 per month, paid for 24 months by the developer = $13,080 added to the purchase price upon completion.
Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is anticipated that the £200,000 ($370,000) purchase price will have grown to a property value at completion of circa £325,000 ($601,250)
At this point a 70% loan to value guaranteed mortgage is available and therefore you will be able to borrow up to £227,500 ($420,875). This is clearly ample to pay for the £199,000 ($368,000) (purchase price less £1000 ($2000) reservation fee) that you owe as well as the accrued interest of £7,080 ($13,080) - from the above example.
Assuming you borrowed the maximum loan to value mortgage, available from the example above, you would borrow £227,500 ($420,875) on which the annual interest payment would be £18,200 ($33,670) based on a rate of 8%. The rental guarantee of 10% of your purchase price of £200,000 ($370,000) will generate you an income of £20,000 ($37,000) each year, should cover your mortgage payments. If you wish you could retain the £59,000 ($109,150) loan you took out for the deposit, pay the interest yourself each month, from completion onwards, and use the money to invest in a further investment property purchase.
We would be delighted to answer any further questions you have regarding the exciting opportunity as well as helping you to make your reservation in the Caribbean.
Subject to status and conditions apply - please contact us for further information.
If cases where we are unable to obtain finance for you, we will be prepared to refund the £1,000 ($2000) reservation fee.
Dominican Republic
The Dominican Republic occupies the Eastern two-thirds of the island Hispaniola and is situated between the Caribbean Sea and the North Atlantic Ocean, bordering east Haiti. The capital Santo Domingo is the New World's oldest capital and contains many colonial buildings which have been carefully restored to retain their original charm. There are many fine examples of 16th century Spanish architecture and many fascinating structures that have survived for over 500 years.
The Dominican Republic has undergone a huge reform process and the island is currently undergoing government investment in infrastructure which has provided an excellent climate for investment. In recent years the number of tourists has risen to such an extent that the country is now seen as a major tourist attraction in the Caribbean.
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