Full Description

Key Features:

• This is the first price release, so you will not buy cheaper.
• Once first 5 units sold, Phase 2 to be launched with 10% price increase.
• 2 year rental guarantee offering 8% annual gross return
• 4 weeks personal usage
• Developers to guarantee purchase back after 2 years for the same purchase price
• Prices from US$820,000
• Fully furnished villas and townhouses with golf at Sandy Lane Golf Club.
• Construction will be complete for Cricket World Cup 2007.

So, we have 5 units available to us, with rental guarantee and other benefits, and once these are sold, the price will rise a minimum of 10%. Contact us immediately for details.

Property description and location:

For anyone who is familiar with Barbados will know that this is an extremely exclusive address to have on the West Coast. Whether you are searching for a home in paradise or an investment opportunity, THE FALLS, Sandy Lane Golf Links Drive, represents true value.

Along with the exclusive address similar to that of the multi-million dollar mansions of the Sandy Lane Estate, you will comfortably reside in what can aptly be called a World-Class-Village for the well heeled. THE FALLS, St. James places you at the epicentre of the famed West Coast of Barbados and within minutes of gourmet restaurants such as The Cliff, The Tides and Calabaza as well as within walking distance to Bajan Blue and L’Acajou at The Sandy Lane Hotel. Top class duty free shopping is also available in nearby Holetown as well as a wonderful selection of amenities and conveniences such as Italian coffee shops, fashion boutiques, banks and a supermarket. Sandy Lane beach is a New York minute away should you feel the need to slip away from your tropical Shangri-La for a spell of celebrity watching. This low density luxury development of 20 units which comprise of a mix of 3 bed town houses and 2 and 3 bedroom detached villas boasting between an ample 1,290 to 1,650 square feet of tropical living area. The residences of THE FALLS are positioned for privacy over the 1.5 acres of tropical landscaped redolent gardens and verdant lawns.

THE FALLS are designed with Caribbean living in mind and offer large covered terraces for outdoor living while simultaneously providing privacy and security from the outside, being THE FALLS is a secured gated community. The villas at THE FALLS are complimented with private plunge pools and there is the added feature of a community club house with a communal swimming pool, sun bathing deck, gym and bar area for the exclusive use of the residents and their cherished guests. The developer can amazingly offer purchasers these quality units furnished including flat screens and stereo equipment from US$840,000. At THE FALLS Kitchens are beautiful and have a simple, tailored design and are perfectly equipped and the bedrooms are spacious and are all air-conditioned yet equipped with ceiling fans which will whip the trade winds that waft through these residences. THE FALLS is a 2 minute drive to the Sandy Lane Country Golf Club, and as a privileged owner of a unit at THE FALLS you are entitled to 200 rounds of golf there, over a 2 year period. This most welcomed right, has been accomplished through a special arrangement with the owners of Sandy Lane Hotel and the developers - So when it comes to price, quality, location, property management and rental service you need look no further than The Falls, Sandy Lane Golf Links Drive, St. James.

Villas:
2 bedroom villas with private plunge pools, 1,290 sq ft
3 bedroom villas with private plunge pools, 1,530 sq ft

Townhouses:
3 bedroom townhouses with communal swimming pool, 1,634 sq ft
3 bedroom townhouse with communal swimming pool, 1,652 sq ft

Club house:
To include bar, changing facilities and space for a gymnasium if required

Payment schedule:
The payment schedule is;

10% on exchange of contract
20% roof ring beam payable 6 weeks after exchange of contract
65% on practical completion
5% completion of snagging payable 4 weeks after practical completion.

Finance available subject to status.

This payment schedule shows stage payment schedule for Townhouses and Villas.

The project is on schedule to complete Feb 07.

N.B. The properties will come fully furnished with plasma TV and will include 100 games of golf per unit per year at the Sandy Lane Golf Club running for 2 years consecutively from completion

Rental Guarantee:
2 year rental guarantee.
8% annual gross return.
The guarantee will be under written by Westcoast villas Sotheby’s international realty. This company has been awarded the full management contract of the falls development.
Rent payable annual in arrears.

Personal usage:
4 weeks personal usage - 2 weeks in May and 2 weeks anytime from 1st June to 30th September. During all other times property can be rented at 15% discount to current market rental directly from WCV Sothebys International Realty. All of course subject to availability.

Summary:
A rare opportunity to take prime West Coast Barbados property, right beside the world-famous Sandy Lane hotel/golf course, with optional rental guarantee, developer buy-back and immediate price rise.