Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Fresh Invest
Easy entry to one of the most prestigious coasts in the world! Dan Chamberlain Director
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West Coast Property, Barbados
AT A GLANCE
- 1 - 4 bed apartments in Barbados.
- Luxury apartments in an upmarket location.
- Located on the "Platinum" West Coast.
- Invest from just £60k!
- 12% Yield on a 38% occupancy!
- Massive discount from nearby comparables
- Robust values throughout the recession
- Attractive payment plans
- Strong developer with very strong pre-sales
- Still some availability remaining
In detail
The Opportunity:
Fresh Invest are delighted to offer 1 - 4 bed apartment's on the West Coast of Barbados in the Caribbean. The apartments are significantly below comparable values from other nearby properties and offer investors a low cost entry to this ever growing luxurious island.
It is possible to invest in this opportunity with only a 30% deposit until completion. This offers investors the chance to fund the completion balance by a mortgage, easily attainable in the Caribbean.
The Development:
Located just 3 miles from The Sandy Lane Resort and 1.5 miles from the
Royal Westmoreland Golf Club, this development is ideally placed to
enjoy the very finest Barbados has to offer. With values for apartments
in the area up to 40% higher than ours, this resort offers a fantastic
opportunity to invest.
Purchasers on the resort are provided with a security login to the
developer's website. With this login investors are allowed to customize
the design of the interior of their chosen unit. Customization can vary
from colour of kitchen fittings, quality of furnishings, colour of walls
right up to relocation of non load bearing walls!
The developer of the resort is UK based. They originated from a very successful architectural practice and their designs are always of the highest standard.
Financial Example:
Second floor 2 bed apartment - 914 sq. ft. - £208,420
- Purchase price - £208,420
- Anticipated Gross Rental Income - £27,892
- Less Management @ 30% - £8,367
- Net yield - 9.4%
- Net annual income - £19,524
*Based on exch rate of $1 - £0.613
Mortgages
Mortgages are readily available in Barbados and are often provided by international banks with local branches.LTV rates go up to 70% and interest rates as low as 4.25 % are available. We have details of a Caribbean mortgage specialist available at your request.
The Location:
Barbados is the most easterly of all the islands in the Caribbean and is often called "the most British" largely because of the prolonged colonial rule of Britain from 1627 right up until 1966, which was when the country gained independence. It is however still part of the Commonwealth of nations and therefore still recognises the monarchy. As a result of the long British rule, it has remained very popular as a holiday destination for UK nationals receiving 500,000 visitors from the UK every year!
Because of the location of Barbados, it benefits from very contrasting coasts; sharing it's Eastern coast with the Atlantic Ocean and of course the Western coast with the idyllic Caribbean sea.
The apartments are located on the Western coast of Barbados in a parish called St James. Often called the "Platinum Coast" the tranquil west coast is a playground for many of the world's most rich and famous celebrities. As a result property prices have remained robust.
Barbados is only an 8 hour flight from the UK and is only 4 hours behind Greenwich Mean Time. It is close to the equator and therefore is in a tropical climate zone. The tropical climate means that the island is predominantly sunny and average temperatures are between 24 and 29 degrees. Temperatures are kept comfortable by a trade wind blown from the North East. The islands do, of course receive a certain amount of rainfall, it tends to be between July and November and rain tends to fall for no more than a few minutes.
Recent News:
Barbados still holds strong in competitive tourism industry
New world heritage site – Barbados
Barbados Property – Weston Resort update
Build Progressing on Weston Resort Barbados
Barbados Property Investors will see the benefit
The West Coast of Barbados. So good I purchased there myself!
What now?
Once you have decided that this opportunity is of interest to you, use the request information section to enquire about further details from us.
We will send you details regarding available apartments as well as pictures, floor plans, payment details and expected returns.
We
are on hand to answer any questions you may have and once you have
decided upon your chosen unit we will help you throughout the purchasing
process.
Google Maps
Construction Progress
Construction progress April 2012
Construction progress March 2012
Construction progress February 2012
Construction progress January 2012
