Well so where do real Investors and part time investors go when they are only getting a maximum of 3% on their money sitting in the bank in these troubled times. Where can you invest and look to make a safe return on your money with the minimal amount of risks. The International property experts, International Hot Property have been looking at all the property investments around the world and are pleased to announce a unique Property investment opportunity for property Investors. Bacolet Bay in Granada, the Caribbean offers 8% guaranteed rental income which knocks the spots off having your money sitting in the bank and as property investments go its is safe as your likely to get and with prices starting at £351,000 serious property investors looking for property growth and rental income should take a much closer look claims Simon Jones, market analyst at http://www.internationalhotproperty.co.uk/ .
So what makes Bacolet bay such a good investment for International property investors? “Bacolet Bay is currently $400-$450 per sq feet and a comparable resort Mount Cinnamon by Peter De Savory is selling at $700 - $750 per sq feet. Port Louis is selling at $800 per sq feet. The resort will be managed by an established five star hotel operator (info on West Paces on a separate sheet) and each property will go into the rental pool. The developer is offering a unique finance plan where there is a 30% deposit to pay up until completion. The developer will make the interest payments on borrowing up to 8% max (you will not have to pay this back on completion) On Payment of the 30% deposit investors will receive title deeds to the land their property sits on. The value of the land is approx 30% of the property price and therefore offers complete security. There are 2 options on completion: Option 1) A 2 year rental guarantee of 8% followed by a 50/50 room rate split with the hotel. Option 2) the developer will also guarantee to cover your mortgage payments on a full repayment basis and cover property costs including full maintenance fees and insurance for the full 20 years term of the mortgage. You will also receive 1 month’s free usage annually - 1 week high season, 1 week low season and 2 weeks shoulder season. More usage at each time can be arranged at the discretion of the hotel. There are certain black out weeks, particularly Christmas and New Year. There is an option to opt out of this scheme after 5 years and revert to option 1 once the resort is established. This means that is you take this option after 20 years you will have a property 70% paid for you, it will have only cost you 30% of the purchase price. Because of the importance of Bacolet Bay in helping Grenada achieve its mission of becoming one of the top luxury destinations in the Caribbean, The resort will be managed by Horst Schulze is a legend and a leader in the service world. His vision has helped reshape concepts of customer service throughout the hospitality and service industries. In 1991, Mr. Schulze was recognized as "corporate hotelier of the world" by HOTELS Magazine. In 1995, he was awarded the Ishikawa Medal for his personal contributions to the quality movement. In 1999, Johnson & Wales University recognized him with an honorary Doctor of Business Administration degree in Hospitality Management. Mr. Schulze served as vice chairman of The Ritz-Carlton Hotel Company from 2001-02, after serving as president and COO of The Ritz-Carlton Group. Well with all these factors you can see why International Hot Property has no problems recommending this project to its clients” explained Simon
Anyone wanting to know more details about this unique investment in Grenada should contact International Hot Property by email or phone.
HQ Mailing Address:
International Hot Property
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana
CONTACT VIA TELEPHONE
UK: 0207 558 8355
International: 0034 952 588 910
Emal; info@internationalhotproperty.co.uk
Webiste: http://www.internationalhotproperty.co.uk/overseas_property/Grenada
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