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Other Considerations
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| Features: Garden, Pool | ||||||||||||||||
| Amenities: In beach resort, By the Sea | ||||||||||||||||
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Description: Bacolet Bay is only 20 minutes' drive from Point Salines International Airport and the capital St George's. As part of the southern coastline it is in a secluded location offering high levels of privacy. With beautiful beaches and water, the bay is expected to rapidly increase in popularity in the near future. With 41 acres of tropical gardens, a 200m white sand beach and a secluded bay, Bacolet Bay will offer endless opportunities for relaxation, snorkelling and watersports in an exclusive, luxury setting. The resort will be low-density and will consist of a residential area and a hotel and spa. All owners will have access to an extensive range of facilities including communal pools, hiking and biking trails, sheltered jetty for small craft, tennis courts and fitness centre and to the beachfront bars and restaurants. There is even a wedding chapel. Currently there are only a handful of 5-star hotels and resorts on Grenada. Occupancy rates stand at 89% during the peak season, whilst a conservative estimate for future occupancy rates over the year is 65%. Based on research by resort consultancy Cushman and Wakefield and under the expert management of the West Paces Hotel Group, units at Bacolet Bay should command incomes upwards from $96,000 per annum, plus a guaranteed rental option giving net yields of 9% is offered on the hotel cottages. 70% LTV mortgages are available enabling investments with £59k plus purchase costs. |
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