Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
West Coast Property, Barbados
AT A GLANCE
- 9 x 2, 3 and 4 bed apartments in Barbados.
- Luxury apartments in an upmarket location.
- Located on the "Platinum" West Coast.
- Prices from just £193k!
- 10% Yield on a 38% occupancy!
- Massive discounts from nearby comparables
- Robust values throughout the recession
- Attractive payment plans
- Strong developer with very strong pre-sales
Fresh Invest
Fresh Invest
Easy entry to one of the most prestigious coasts in the world! Dan Chamberlain Director
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In detail
The Opportunity:
Fresh Invest are delighted to offer just 9 x 2, 3 and 4 bed apartments 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.
The developer of this resort has benefited from very strong presales and as a result only 9 apartments are available for purchase. With prices starting from only £193,000 and only a 35% deposit required until completion these offer investors low cost entry to an area of the world where this is traditionally hard to come by.
It is possible to invest in this opportunity with only a 35% 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 and they therefore abide by UK laws. They come from an architectural background and their designs are always of the highest standard.
Financial Example:
First floor 3 bed apartment - 1,134 sq. ft. - £242,181
- Purchase price - £242,181
- Anticipated Gross Rental Income - £38,615
- Less Management @ 30% - £11,584
- Net yield - 11.2%
- Net annual income - £27,031
The Location:
Barbados is the most easterly of all the islands in the Caribbean and is often called "the most British" largely because of a 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.
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 are currently around 4 - 4.75%. We have details of a Caribbean mortgage specialist available at your request.
Latest news
Please read our new blog on overseas property investment and how a hotel operator excludes much of the risk involved whilst maximising the returns for investors http://www.freshinvest.co.uk/blog/
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.