Location: Grenada, CARIBBEAN


Price: from € 432,016 to 1,209,646


Property Type: Villa


No. of beds: from 1 to 4


Furnished: Furnished


Pool: Private


Garden: Private


Parking: Off Street Parking


View: Sea


Distance from the Sea: Walking


Distance from a Golf Course: 30 mins

Overview
Bacolet Bay Resort & Spa is a Luxury 5 star development located in a sheltered bay on the southern coast of the Caribbean Island of Grenada (also known as the Spice Isle). SPECIAL PROMOTION
Detailed information
SPECIAL PROMOTION - ENDS 10th NOVEMBER - NOW ENDED - NEW PROMOTION SOON - CALL FOR DETAILS
- 15% Deposit + 15% Developer Loan
- 30% Deposit refunded on Completion
- 70% mortgage on Completion
- Nothing to pay for the first 3 years
- Up to 14% Rental Yield
Bacelot Bay comprises just 210 properties set in 41 acres – only a 12% density. Bacolet Bay boasts superb resort facilities including a number of large infinity pools, tennis courts, one of the worlds best spa’s, superb restaurants and bars, conference facilities, a stunning beach and some of the most incredible views seen anywhere in the world.
Phase 1 of the resort is already 81 % sold out with just a few properties remaining, further cottages have been released for sale from Phase 2. The remaining Phase 2 properties (100 units) will be released this summer. Construction is fully funded and underway with completion July 2010.
The project is being valued by CB Richard Ellis (the global leader in commercial real estate services) for Phase 2 pricing.
Grenada offers the investor the following:
Carefully Planned Government Strategy: Hotel & Resort Accommodation being capped at 1000 new properties (4 & 5 Star only)
Demand far Outstrips Supply for High Quality Accommodation: The 5 star hotel occupancies are the highest in the Caribbean.
Completely Unspoilt: Visitors still can find the Real Caribbean – and with the lowest crime rate of any of the islands!
Excellent Accessibility: Direct flights from Miami (AA-Daily), New York, Toronto, London (5 flights a week on BA, Virgin & Monarch) and Frankfurt.
Superb Infrastructure: For Example, wireless broadband over the whole island and the newly opened Camper & Nicholsons Marina with berths for Super yachts (also some available through Bacolet Bay).
Member of the British Commonwealth – Laws follow that in the UK. In fact their Supreme Court is the Supreme Court in London
Grenada is focused on high end tourism and at present the property prices are lower than on other islands. Such is the bright future of the Island, in the Citi Group’s Annual Wealth Report of 2008, Grenada was named in their “Top 10 Markets for Future Growth”. The World Travel & Tourism Council has also forecast a 50% rise (some 200,000) in visitors over the next 10 years. Already the well known Chef Gary Rhodes has opened a restaurant and some Famous names have also been lured by Grenada’s unspoilt charm and exclusivity.
Bacolet Bay offers the investor:
Realise an early return on Investment – Completion of Phase 1 and all resort facilities Summer 2010. The resort will then open. Bacolet Bay will be the first new 5 star resorts to open on Grenada!
Excellent Yields (See Below) – Independently forecast by Cushman & Wakefield, HVS and the Resort Operator.
Highest Quality Partners
Resort Operator - Solis Hotels (Part of Westpaces, run by Horst Schulze the former President of Ritz Carlton)
Construction – Bovis Lend Lease – Probably one of the most well known construction companies in the world.
Spa Design – Howard Consulting (famous for the Armani Spa's)