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5 * Merricks Beach Resort & Residence
· This is a fantastic opportunity for you to own a luxury apartment or villa in the Caribbean.
· We are pleased to confirm that mortgages are available in the Caribbean up to 70% LTV, subject to status.
Fully Finished Studios, 1 and 2 bedroom apartments, Cliff top Villas and Cabanas from: approx. £175,000 *
The Development
We are proud to present to its clients the limited opportunity to own a luxury apartment or villa in the Caribbean.
The Merricks Hotel and Spa. comprising of Studios, 1 and 2 bedroom apartments, cliff top villas and cabanas water features and the planting of many palm trees, banana plants and many sub tropical flora which will create a wonderful, relaxing setting with walkways between the water features with car parking on the edges to create an idyllic setting.
As well as our beautiful cabanas, we are offering a selection of stunning studio, 1 and 2 bedroom apartments. There are some images showing how the apartment blocks will look.
The benefit of buying one of these prestigious homes is that they have the full use of the facilities of the 5 star Merricks Hotel and Spa.
Competitive Advantages
· 2 Year 10% GUARANTEED rental, followed by 5 year 50% room rate share
· 30 Days free use per year
· 70% LTV guaranteed mortgages
· 30% deposit, balance on completion
· Fully furnished
· No Capital Gains Tax for 20 years
· No Income Tax for 20 years
Full List of Facilities
· Spa
· Swimming pools
· Tennis courts
· Ideally located with its own beach
· Polo
· Surfing,
· Horse Riding
· Children’s crèche
· Shopping facilities
· Casino
· Gymnasium
· Conference facilities
· Library
· Cinema
· Coastline promenade
Property Type: Luxury Coastal apartments Cabana and Villas
Size: 542 sq. ft - 4000 sq. ft
Number of Bedrooms: Studios, 1, 2, 3 & 4 Beds Deluxe Cabanas & Plantation Houses
Type: Off-Plan
Prices from:
· Studios from £175,000
· One Bedroom Apartments from £175,000
· Two Bedroom Apartments from £200,000
· One Bedroom Semi Detached Cabanas from £295,000
· One Bedroom Semi Detached Deluxe Cabanas £350,000
· Two Bedroom Semi Detached Cabanas from £425,000
· Two Bedroom Plantation from £495,000
· Three Bedroom Plantation from £595,000
· Four Bedroom Plantation from £725,000
Payment Scheme
Click here for full details
· Reservation fee £1,000
· 1st Payment 30% within 45 days
· Last Payment 70% at completion
70% LTV guaranteed mortgages
Subject to status and conditions apply - please contact us for further information
Completion: end of 2010/beginning of 2011
Barbados facts:
* Barbados is a coral island, the most expensive commodity is soil.
* The island is 21 miles long and 14 miles wide, the ABC highway runs the whole length of the island.
* Population is 280,000, most reside in Bridgetown.
* It has only 62 miles of coastline. (600 in Bulgaria)
* The Lowest temperature recorded in Barbados is 17 degrees which was at night.
* Tourism took off in the 1960's and has since become extremely established with tourism. If you ask someone to name an island in the Caribbean, most will name Barbados.
* The high season is Mid October to March; it is not as busy April May or June.
* Concorde used to fly once a day in the winter and twice a week in the summer, this denotes the type of people who stay there.
* There are currently only three, 5* hotels on the island: Sandy Lane, Royal Westmorland and the Fairmont it is unionized and its difficult to get 5* classifications.
* The West coast is the most expensive place to stay. The south cost has more hotels for families. The Turtle Beach is a 4* family hotel, this will cost £512 a night in August and the room is smaller than Merricks studios.
*The Royal Westmoreland is on the West Coast, as well as being a hotel they sell properties on the resort, Gary Linear and Ian Woosnam own property there.
*Sugar Hill is a residential development; it is a mile from the beach and has a road between the two. Cliff Richard owns a property there worth 6 million.
*The Four Seasons sell property on the West Coast starting from 3.2 million pounds.
*Getting on to the East coast, Edie Grant owns a property there worth 15 million.
*Merricks is around 10 minutes from The Crane which is the oldest Hotel in Barbados it was built in 1887. We use this as a comparable, it is classified as a 4* however as it is on the same piece of coast it is the best place to use.
* The crane sell timeshare at $25,000 a week.
* The crane sell property starting at $772,000 for a studio which is unfurnished and has no rental guarantees.
* Tariff for night rates at the crane on a separate sheet of paper.
* Our resort will have more restaurants, more swimming pools, conference facilities, shopping facilities and a spa.
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