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Punta Perla 2 bedroom villaPunta Perla 2 bedroom apartment
Punta Perla 1 bedroom apartment
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| Features: Garden, Pool, Parking | ||||||||||||||||
| Amenities: Golf Course, Shops, Bars & Restaurants, Near beach resort, In beach resort, Near a golf course, 24 Hour security, Gymnasium, Sea View, In Eco Reserve, By the Sea, Garage | ||||||||||||||||
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Description: Key Features * Luxury resort set in lush gardens in an enviable location on this unspoilt Caribbean Island * Located in a unique position on the edge of the Royal St. Kitts Golf Course, commanding views of both the Caribbean Sea and Atlantic Ocean * 70% LTV mortgages are available to non-resident buyers meaning a cash investment of ~ £41k + legal costs * Economic Citizenship is available to those purchasing a property worth $350k or more * Growing economy moving away from its sugar industry history and has developed a successful tourism industry with FDI up 83% in 2005. * Tourism demand on the island is set to grow by 6.2% annually for next 7 years one of the highest predicted growth rates in the whole Caribbean! * The country's taxation system is perfectly placed for investors as it has no income tax, capital gains tax on property owned for 12 months, wealth tax or inheritance tax * The No. 1 Management company on St Kitts plus a Condominium owned marketing team to ensure your property is maintained year-round and the yield maximised Description Home to lush tropical vegetation and stunning beaches, St. Kitts's history is as a British colony with a wealthy sugar industry. In recent years the state-owned sugar trade has closed due to large debts. The country's economy has since diversified and has reported consistent GDP growth and increases in FDI. These are mainly attributed to its blooming tourist industry that has seen considerable growth in both demand and expenditure as well as being the main contributor in the growth of FDI by $103m in 2005. The government are committed to the development of tourism and have welcomed the influx of development in travel accommodation and tourist facilities. Examples of which include the $17 million Beaumont Racetrack, the $16 million Marine World and the $12 million redevelopment of Warner Park Cricket Stadium. The Kittitian government offer an Economic Citizenship programme to investors that gives full citizenship rights. St Kitts is also a tax haven with no income, capital gains on property owned for 12 month or more, wealth or inheritance tax. St Kitts offers the opportunity for both a sound investment and dream holiday home. Location St. Kitts & Nevis are located in the northern part of the Leeward Islands in the eastern Caribbean, 19 degrees north of the equator and separated by a channel two miles wide. Average temperature is 79F, humidity is low, and constant northeast trade winds keep the islands cool. The Islands are linked by direct flights from the New York, Miami, London and Canada Silver Reef is a beautifully designed resort in a superb location on the unspoilt Caribbean island of St. Kitts. Just ten minutes' drive from the island's capital, Basseterre, and just over 2 miles from the airport, the resort is spread over 4.7 acres of gently sloping hillside amidst lush gardens on the edge of the Royal St. Kitts Golf Course. Its stunning position on a natural rise gives spectacular views of both the Caribbean Sea and the Atlantic Ocean. The picture perfect Frigate Bay boasts one of the finest beaches on the island and its coral powder sands and clear waters are less than a five-minute walk down a pathway from Silver Reef. The beach offers safe swimming, plenty of water sports and a variety of beachfront bars. Properties This select development will offer just 62 villas and apartments set in lush tropical landscaped gardens with free form and lap pools this range of apartments and villas offer your chance to own real estate in paradise. The resort offers an in-house management team plus an experienced Management company with full rental pool administration for only a 15% cost & predicted net yields of 8-13%. Our forecasting suggests annual appreciation levels averaging somewhere in the region of 15%. 70% LTV mortgages are available to foreign purchasers and with apartments available from ~ £135k investors purchase their property with just £41k cash plus legal costs. Payment Schedule * US$6,000 non-refundable holding deposit upon signing reservation agreement * 30% instalment (less holding deposit) required within 30 days of receiving SPA (and signing of SPA) * 70% of total purchase price payable on completion of the building (est. Dec 2008) * 70% LTV mortgage possible subject to status (ongoing offplan payment schedule) What's on Offer? * 1-bed apartment (939 sqft) ~ £135k * 2-bed apartment (1355 sqft) ~ £195k * 2-bed Fairway Villa (1940 sqft) ~ £321k |
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