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Merricks beach resort & residence 1 Bed Apartment
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About this 1 - Flat |
Key Features
• First five star resort development on Barbados for 20 years
• Rental yields of up to 33% achievable
• Realistic capital growth of 15% + p/a for the next 4 years
• Up to 70% LTV mortgages available subject to status
• Managed by world class hotel company
• Has own secluded beach and superb cliff top location
• Studios, Apartments, Cabanas and Villas available
• 15 minutes from International Airport
• Full use of 5 star Merricks Beach Resort facilities
• 30 days personal use a year
Description
Enjoying 70 acres of exotic Caribbean fauna, a superb cliff top location and a secluded half moon beach, Merricks Resort and Spa is the first five star development to be built on Barbados for twenty years. The island, arguably the Caribbean’s most well known and sought-after destination, is famed for its friendly, adept locals, stable government, treasured coastline and balmy climate. Indeed, it is the most popular island in the Southern Caribbean for British, North American and European tourists. As a result, Barbados has an established and growing travel and tourist industry which is expected to grow by 4.6% per annum between 2002 and 2012. From an investor’s point of view the anticipation of continued demand and limited supply means purchasing property on the island therefore offers promising potential for 15 % capital growth p/a (for the next four years) and rental yields of up to 33%. Plans to augment tourist accommodation by 31% by 2010 signals the demand for high quality resorts such as Merricks and should therefore guarantee its success.
Location
Situated in St. Philip, the largest yet least developed parish on the island, Merricks Resort and Residence is an oases of tranquillity and calm. Less crowded, and with half the population of neighbouring Christ Church, the area enjoys a stunning rugged coastline, white sand beaches and striking rocky outcrops. The resort itself has its own secluded beach and enjoys prime ocean views. Just 15 minutes by car from the International Airport (currently undergoing significant expansion which will make it the main gateway to the south and south-eastern Caribbean) and 20 minutes from the buzzing capital Bridgetown, the resort is easily accessible and within easy reach of the island’s amenities. Daily flights arrive from Britain by British Airways, Virgin and BMI. What is more, it enjoys an extremely affable climate with year round average temperatures of between 23-29F and a relatively unobtrusive rainy season from June to October. Crucially, the weather is consistent allowing for an extended tourist season which equates to more income, greater yields and higher returns for investors.
Properties
Merricks resort and residence comprises studios, apartments, villas, penthouses and luxury cliff-top villas, all of which have full use of the facilities of the 5 star Merricks Hotel and Spa including swimming pools, tennis courts, gym, a conference centre and bars and restaurants. A five star hotel management company will be responsible for the running of the resort and will oversee duties such as maintenance, general upkeep and landscaping. No villa is more than 500 metres from the sea and the beautiful Merricks Cove secluded beach. All properties are allowed 30 days personal use a year offering owners the chance to enjoy a luxury lifestyle whilst enjoying their lucrative investment.
Price
1 bed apartment Price £230,000
1 Bed Cabana Price £260,000
Payment Schedule
Information regarding mortgage finance in this country can be obtained by contacting info@frontiersfs.com
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| City/Town: |
St. Philip |
| Address of Property: |
Nr International Airport |
| Postcode/Zip: |
0000 [map] |
| Bedrooms: |
1 |
| Reception Rooms: |
1 |
| Bathrooms: |
1 |
| Type of Property: |
Flat |
| Price: |
GBP 230000.00 [convert] |
Features |
| Central Heating: |
None |
| Burglar Alarm: |
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| Parking Facilities: |
Off Street |
| Gardens: |
None |
| Double Glazed: |
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| Near Shops: |
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| Near School : |
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| Loft: |
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| Utility Room: |
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| Patio: |
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Extra Features |
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Area Information |
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Contact Information |
| Email Seller: |
Email Seller |
| Contact person: |
Property Frontiers |
| Advertiser Type : |
Private Seller |
| Phone: |
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| Sellers City, County : |
Oxford 0044 (0)1865 20 27 00 |
| URL: |
102 - 104 St. Aldates |
| Map: |
View property location |
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See other listings by this user (0) |
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| Additional photos
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| Loan |
Typical APR |
| Moneyback Bank Loan |
7.6% |
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| Alliance & Leicester Personal Loan |
7.7% |
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| Bank of Scotland Personal Loan (Semi-exclusive) |
7.7% |
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| Halifax Personal Loan (Semi-exclusive) |
7.7% |
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| Barclaycard Personal Loan |
7.8% |
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