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£95,000
- Location:
Grenada, Ipswich
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Posted: 08/11/2009 23:11
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START INVESTING FROM JUST £2,000 OUTRIGHT
Prices: £95,000 studio
1 Bed Apartments £125,000
2 Bed Apartments £150,000
2 Bed Wraps £175,000
2 Bed Villa £375,000
Grenada is an exciting emerging market with year round sunshine and fantastic weather.
Grenada is situated approximately 100 miles north of Venezuela. This resort is located n the south of the island in St Georges Parish. The site is around 40 acres and includes approximately 700 metres of beach.
There is an opportunity to invest now when prices are low to achieve maximum return and profit.
As one of the less developed islands in the West Indies and with a shortage of high-quality property, Grenada is a wise choice as a property investment destination. With tourism thriving on nearby islands, the Grenadian government are now turning their attention to promoting tourism on their own piece of paradise. Benefits such as tax exemptions and customs concessions for investors in tourism are being implemented, and substantial infrastructure improvements are taking place.
Grenada’ tourist market is supported by direct flights from the UK, USA and Continental Europe, as well as by two downtown cruise ship terminals. The number of tourists staying in Grenada had increased 24% by Q3 2006 when compared to the same period in 2005 and the tourist board claim that 2007 has been the best year in history. As well as this resort in Grenada, a new commercial centre, a duty-free shopping mall, a planned golf resort, a limited variety of international hotel brands will be arriving in the island over the next few years or so, all of which will increase the island’s desirability.
This resort will be designed as a small boutique hotel with just 200 units in total. Looking to launching a tennis academy, a small marina as the area is very popular for Yachts, popular water sports, diving facilities, bars and restaurants.
Expected completion in 2012.
Just £2,000 down
50% under market value
Expected yields 15%+ on rentals
Optional cash back
; 70% LTV mortgage
2 year 10% guaranteed 10% rental
Followed by 50/50 room share
Run by 5* Hotel Operator
30 Days FREE use p.a.
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