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Indigo Bay Tobago [ SOLD ]

 Region: Trinidad and Tobago

 Price: USD $ 200 000

 Bedrooms: 0

 Property Type: Apartment

 Development State: Off Plan

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Features: Garden, Pool, Parking
Amenities: In beach resort, Gymnasium, By the Sea
Description:
Tobago is the last true Caribbean hideaway. Covered in jungle, this tiny island is home to the oldest protected rainforest in the Western hemi-sphere and an incredible natural habitat. With Greenback turtles nesting on the beaches, tropical fish hidden amongst the wrecks and reefs surrounding the island, and parakeets in the preserves, this is a nature-lovers paradise. Located in the south Caribbean, outside of the hurricane belt it offers tourists a year-round destination.

Indigo Bay is located overlooking the 2 miles of beach at Little Rockley Bay on the south of the island just 4 miles from the Crown Point International airport, to which 6 international airlines currently fly – including Virgin Atlantic and British Airways.

The 79 apartments at Indigo Bay are in such high demand that TUI have issued the developer with a letter of intent for the complex stating room rates of $150 per night. Virgin Holidays are also keen to get the contract. With this in mind the developers are happily offering investors a leaseback agreement of 10% net yields for 5 years. Plus, to ensure investors don't miss out on the beauty of this island paradise this contract comes with 2 weeks personal use per year!
Using a 65% LTV completion mortgage, investors can purchase an apartment with just £35k plus purchase costs, enabling a cash-flow positive investment with forecasted annualised return on investment of 55%.
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