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Now more than ever is the time to buy off plan overseasNew Release Buccament Bay St Vincent
New Release Buccament Bay St Vincent
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| Features: Garden, Pool, Parking, Terrace / Deck | ||||||||||||||||
| Amenities: Shops, Bars & Restaurants, In beach resort, On the Sea, In vacation place, Near a golf course, 24 Hour security, Gymnasium, Sea View, In Spa Resort, By the Sea, Jaccuzi, Near Town | ||||||||||||||||
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Description: Buccament Bay Beach Resort Location St Vincent and the Grenadines are a chain of more than 30 small islands and cays known as the jewels of the Caribbean and are situated at the lower end of the Windward Islands in the Caribbean Sea between St Lucia to the north, Grenada to the south and 100 miles west of Barbados. Located just 45 minutes drive from the existing and proposed airports, Buccament Bay is Beach Resort is situated in a prime location on the southwest coast in a wide bay, which enjoys the calm waters of the Caribbean Sea. Buccament Bay occupies 70 acres stretching up from the bay into the Buccament Bay River Valley with a backdrop of verdant mountains interlaced with nature trails. Rental Program Rental Income is Guaranteed at 10% of your purchase Price for the initial 2 years followed by 50% of the room share for 5 years fully furnished. Payment Schedule £1000 non-refundable reservation fee 30% less your initial reservation fee within 45 days No further funds needed until completion 70% LTV guaranteed mortgages available to all who pay the 30% deposit. Financing The bank guaranteed mortgage will finance the remaining 70% of the build releasing funds in stages. At each release of funds the bank will instruct a surveyor to inspect the construction site to ensure the build is satisfactory before releasing client’s funds. Investors must pay the interest on the released funds until completion at which stage the client can enter into a traditional mortgage over a fixed term generally of 15 years. Completion Date First quarter 2010 Typical Purchase Example Purchase Price £190,000 Initial Reservation Fee £1,000 30% deposit less reservation £56,000 Total Down £57,000 If you decide to borrow the 30% deposit, either via a second mortgage on an existing loan that you may have or via an unsecured loan, the developer will make the interest and principal repayments on your behalf up until the completion of your unit and the commencement of your 10% guaranteed rental return. Any payments made on your behalf will then be added to your end purchase price, which will be covered by the 70% LTV guaranteed mortgage, which is anticipated to be well in excess of the original purchase price, thus enabling to borrow 100% of the amount at the time of completion. If you would like to discuss any of this in more detail please do not hesitate to contact us. More Reasons to Invest in Buccament Bay Beach Resort Prices in St Vincent are still at a fraction of the neighboring islands with savings of 45% from the current market value. Fully transferable contracts allowing you to sell on at anytime you wish, even before completion. Investors at Buccament will see a rapid increase in equity throughout the construction phase. There are several active buying markets in the Caribbean, in particular Americans because of its close proximity to the USA. Others include, British, Mexicans and Columbians. The increased popularity as a premier diving and sailing destination meaning higher occupancy of hotels and substantial rental returns for years to come. Government tax incentives abolishing income tax on any profits for 20 years from completion. Buccament Bay will be the first and only 5 star accommodation on the island. There is guaranteed income paid to investors of 10% per annum for 2 years from completion followed by a 50/50 share of the room rate giving immediate positive cash flow to investors. 100% financing available. |
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