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Other Considerations
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| Features: Garden | ||||||||||||||||
| Amenities: Tennis Court, Shops, Bars & Restaurants, In beach resort, Near a golf course, 24 Hour security, In Spa Resort, By the Sea | ||||||||||||||||
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Description: Reasons to invest in Merricks Resort
An Excellent Investment Opportunity in Popular Barbados – A 5 Star Property with 10% Rental Guarantee, 30 Days FREE Use per Year and 100% Finance Merrick Beach Resort & Spa is situated within 70 acres of lush Caribbean paradise with the secluded Half Moon Beach and on a cliff top location in the stunning South East Parish of St Philip. This luxury residential and resort development will boast a sea front location and will include a 5 star Hotel and Spa. All residents will have full use of the hotel facilities as well as a coral sanded beach. The island, arguably the Caribbean’s most well known and sought-after destination. As a result, Barbados has an established and growing travel and tourist industry which is expected to grow by 4.6% per annum between 2007 and 2012. From an investor’s point of view the anticipation of continued demand and limited supply means purchasing property on the island therefore offers promising potential for 15 % capital growth p.a (for the next four years) and rental yields of up to potentially 25%. Plans to augment tourist accommodation by 31% by 2010 signals the demand for high quality resorts such as Merricks and should therefore guarantee its success. The privileged location of this development with its close proximity to the airport and its secluded beach makes Merricks Resort a fantastic opportunity to own a luxury apartment or villa in the Caribbean and capitalise on the equity growth expected within the next 4 to 5 years on the east coast of Barbados. All owners are allowed 30 days personal use a year offering owners the chance to enjoy a luxury lifestyle whilst enjoying their lucrative investment. Fantastic Facilities One of the benefits of buying a Merricks home is that all units have full use of the facilities of the 5 star Merricks Hotel and Spa, which includes
Residences There is an impressive range of residence types to suit every lifestyle. The development will consist of 101 Cabanas and cliff-top villas and 600 studios, apartments and penthouses. Pricing and Rental Programme
There is a guaranteed rental income paid to investors of up to 10% per annum for 2 years followed by 5-year 50% share of the room rate, where expected rental returns are likely to be in the region of 15% to 20% per annum. 5 Star accommodation in Barbados runs at a constant 85% occupancy level, and are booked out months in advance. |
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