1284324 | Apartments, Condo, St Georges,
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GRENADA RESORT

An award winning 5* development set in Grenada and managed by a premier international hotel operator, offering a 8 years rental guarantee & priced at below RICs valuation
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Lifestyle Activities

Beach, Spa

Amenities & Services

Swimming Pool, Clubhouse

Building Characteristics

Freehold

Property Features

Terrace, Condo

Investment Features

Fully Furnished property, Fully Managed property, Guaranteed Rental, Tourist Rentals

Purchase Incentives

Legal Fees Paid, Mortgage Paid

Full Description

A stunning, award winning development on the Caribbean Island of Grenada offering excellent  yields . Set conveniently close to the capital St Georges, this 5* project boasts a fabulous position within an idyllic bay bordered by lush rain-forest, 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. Clients are also able to enjoy 4 weeks personal use per annum.

The guests can enjoy the superb facilities offered within the 41 acres of tropical gardens, and the sense of privacy and space provided by the exclusive interiors designed by Peter Silling. Residents will be offered the finest haute cuisine from a choice of four sumptuous dining areas with stunning ocean views, offering a variety of cuisine from the local Creole to 5* Al La Carte. There will also be a number of bars throughout the resort, allowing the choice of beachfront or elevated hillside views of the sunset, whilst sipping cocktails. All owners will have full access to the spa and fitness centre. Private moorings will also be available for small vessels and the resort will also include a wedding chapel

Investors are can now enjoy a guaranteed rental return for 8 years and enjoy discounts of between $100,000 and $400,000.  With villa purchases they will have the security of land title at exchange of contracts. Investors will also receive a free furnishing pack and an excellent return with a guaranteed rental for 8 years.

The project is set to be managed by one of the leading luxury US hotel operators and 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. Indeed as Grenada grows with the considerable investment in tourism it is predicted that there should be some convergence in price with its neighbours. In 2008 the Camper & Nicholsons Port Louis Marina opened Grenada making the island attractive to yachts and mega yachts.

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

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Property information

Property ID:   1284324
Location:  St Georges, George, Grenada
Property Sector: Residential Property
  • Apartment
  • Condo
Units:
  • Front Hotel Cottage
    Size: 80.23m²
    from: USD 550,000
  • 2 Bedroom Garden Apartment
    Size: 114.27m²
    from: USD 700,000
  • 1 Bedroom Garden Villa
    Size: 125.33m²
    from: USD 795,000
  • 2 Bedroom Garden Villa
    Size: 245.91m²
    from: USD 1,065,000
  • 2 bedroom Front Villa
    Size: 245.91m²
    from: USD 1,540,000
  • 2 Bedroom Garden Apt
    Size: 107.86m²
    from: USD 660,000
Key Selling Points:
  • 8 Year Rental Guarantee
  • 4 Weeks Personal Use Per Annum
  • Below RICS valuation
  • 5* Resort managed by premier hotel operator
  • Fully Managed investment
  • 50% of Room share after rental guarantee
  • End finacing available at 70% LTV (STS).
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