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Luxury 5 star beachfront development in Antigua with 31 percent rental yield [ SOLD ]  Region: Antigua and Barbuda  Price: USD $ 481 950  Bedrooms: 0  Property Type: Beach Property  Development State: Off Plan

Features: Garden, Pool, Parking, Terrace / Deck Amenities: In beach resort, In vacation place, 24 Hour security, Sea View, By the Sea Description:
We are proud to present an exclusive five star investment that is Elle Antigua.

Antigua is the world’s number one country for capital growth at 40% in 2007 (Knight Frank), and fast becoming a residential hotspot with an anticipated property boom.

Antigua is the jewel of the Caribbean, measuring just 108 square miles, and is directly reachable by air from the UK and Europe for under £350.

Elle Antigua is a small boutique-style hotel resort right on the beachfront. The stunning two-acre development is set in a beautifully restored colonial estate, and features a total of 39 townhouses, country garden cottages and waterfront cottages, available exclusively through Axis.

• Properties starting from $481,950 to $2.46 million
• 12% below market value
• Rental guarantee 10% for two years
• Followed by 8 years of 50/50 room share
• Annual rental yield up to 31%
• Potential to achieve over 900% capital growth in ten years
• Professional hotel style management and rental service
• Exclusive 30 days use every year

Elle offers a combination of idyllic lifestyle and magnificent financial returns making investment opportunities such as this very rare.

• Only 39 suites, studios or cottages available
• Rentals of $1,200 to $2,500 per night
• Potential to generate over $140,000 net annual income based on 65% occupancy
• Fixed purchase prices gives huge equity release potential after 12 months
• Developer will submit a first refusal buy-back offer if you choose to resell
• Potential to achieve over 900% capital growth in 10 years
• Rental yields of up to 31% - over four times higher than in the UK
• Potential to generate $988,844 equity on a $481,950 unit in 5 years
• Option to re-mortgage out your equity in 2-3 years

The new Antigua & Barbuda government elected in 2004 is keen to encourage foreign investment, making it easier than ever to invest in an island which enjoys freedom from Corporate Tax.

Elle Antigua offers a choice of investments:

Townhouse Deluxe
Prices for individual suites start at $743,750
Internal area 1,229 ft2, veranda area 512 ft2, total area 1,741 ft2
Dimensions refer to the total area of each townhouse, which contains two units.

Townhouse Superior
Prices for individual suites and studios start at $481,950
Internal area 1,472 ft2, veranda area 654 ft2, total area 2,126 ft2
Dimensions refer to the total area of each townhouse, which contains three units.

Country Garden Cottage
Prices start at $1,212,100
Internal area 872 ft2, veranda area 554 ft2, total area 1,426 ft2

Waterfront Cottage
Prices start at $2,097,800
Internal area 1,558 or 1,484 ft2, veranda area 1,015 or 983 ft2, total area 2,573 or 2,468 ft2

Deposit - 35% of the purchase price for sub $1,000,000 properties and 30% for properties over $1,000,000.

A choice of flexible exit strategies allows significant yield on investment at almost any time in the ownership cycle.

Immediate action required

There is growing demand from visitors for high quality accommodation on the island, making Elle Antigua a prime investment opportunity.

With just 39 properties available, secure your unit now.

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