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The Merricks - Apartments
Barbados , Caribbean
Studio
Price £115,000 Upwards
Complete the resort by Christmas 2012.
The Basic Scenario
Purchase 40-50% below comparables
£1,000 on reservation
30% down (could be borrowed)
30% can be cash if you have it, a loan, or releasing equity from your mortgage
The Developer makes payments to 30% loan so it doesnt affect your pocket!
Stage payments covered by developer loan (normally the investor has to pay as the build progresses, however the developer will cover this and you just pay the interest. Again no money down from you.
Finance provided on completion (70% of value at completion)
70% Mortgage repays all borrowing & interest
2 years 10% rental guarantee
Followed by 50/50 room rate = 21% NET rental return
Assignable contracts
100% finance, only £1,000 down
Managed & marketed by 5* hotel group with large chain of travel agencies & own airline achieving 96% occupancy in Caribbean
30 days free use per year per unit owned.
Fully furnished
Can be purchased through a SIPP.
*Subject to status.Terms & conditions apply.
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About Barbados |
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Barbados is one of the most popular luxury holiday destinations in the world with breathtaking scenery, a wealth of chic restaurants and world-class golf courses. Located where the Atlantic Ocean meets the Caribbean Sea and close to the equator the island enjoys a warm and sunny climate all year.
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About Caribbean |
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Caribbean is a beautiful location with a nice and worm weather (27°30 °). All the islands has an established tourist market over 5 million visitors over a year which currently grows between 5 7 percent every year. Caribbean is one of the popular tourist locations with a very high occupancy rate. |
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> Contact us about this property
> Back to previous page |
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