Premier Off Plan Property

Description

Situated in the south east of Barbados on the Atlantic coast in the parish of St Philip, the 5 star Merricks Beach Resort comprises seventy acres of beach front and cliff top land just 15 minutes from the Sir Grantley Adams International Airport. The resort will be managed and maintained to the highest standard by a world class resort management company.

As a guest staying in one of the luxury suites at Palmetto Bay you will enjoy 5 star service. There is a reception and concierge service within each building to ensure that guests have everything they need and provide them with all services they require, such as restaurant and spa booking, arranging taxis and sightseeing tours.

Located within the lush tropical gardens of The Merricks Beach Resort, Palmetto Bay is constructed to the highest specification with colonial-style architecture. The spacious suites provide stylish and elegant living accommodation with air conditioning and a private balcony that has views along the stunning east coast and across the Atlantic Ocean. Each suite is finished to the highest standard and fully furnished in colonial-style, a luxuriously appointed bathroom, an interactive entertainment system with flat screen TV, internet access, stereo, personal in-room safe and telephone.

Barbados

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.

It is the leading island destination in the Southern Caribbean for British, North American and European tourists. Known for its well-trained, industrious people, its stable government, a wide range of accommodations and attractions and its fine coral-sand beaches.

Barbados is the eastern most of the Caribbean Islands and measures a compact 21 miles by 14 miles. The tourism product in Barbados is diverse and includes varied accommodation - hotels, villas and guest houses -, scores of restaurants and bars, nature attractions including caves and marine parks, historic sites, festivals, golf courses and a range of other activities.

By the end of 2003, the island had hosted over 1 million tourists, of whom 531,211 were stay-over visitors and 559,000 were cruise ship visitors. Accommodation for tourists is targeted to increase from approximately 7,250 rooms in 2003 to approximately 9,500 rooms by 2010. Over 70% of the country's foreign exchange is earned by the tourism sector.

Key facts

• Up to 50% below market prices
• Choice of purchasing arrangements including 100% finance* virtually ‘No Money Down Deal’
• 30 days free use per year (excluding SIPP investors)
• Two year RENTAL GUARANTEE @ 10% followed by 50% net room rate share
• Run by a 5 Star Hotel Company
• All properties furnished with a 5-Star luxury furniture pack
• No purchase tax - No capital gains tax - No inheritance tax
• Suitable for SIPP Investment

Facilities

• Several freshwater swimming pools within beautiful gardens
• Fitness Centre with state-of-the-art training equipment
• Liverpool Football Club - Soccer School
• Pat Cash Tennis Academy
• Water Sports Centre offering snorkeling, sailing, kayaking, windsurfing and waterskiing
• Several Bars and Restaurants
• World Class Spa offering many beauty treatments
• Shopping Mall which offers tax free prices

Prices from

• £130,000

Payment schedule

• £1000 reservation
• 30% (less £1000) at contract
• 30% deposit can also be borrowed (developer pays your monthly interest)
• 70% on completion (developer mortgage)