Details

Privately managed Eco-Sensitive Residential Resort overlooking the Caribbean offered with rental guarantee option and fully managed for your convenience. There are only a small number of detached Villas (Furnished) on their own plots built in traditional Caribbean style.

Grenada is a tax haven; no income taxes for the property income. One of the best retirement investment plans on one of the most beautiful unspoiled paradises with low crime and friendly folks. And… almost no mosquitoes!

Features: 2 bedroom, 2 bathroom (1,000sqft) Villas all with sea view on plots varying in size between 3307 - 5138 sqft.

Mainly Furnished and ready to rent. There is an option for Air-conditioning and private jacuzzi.

Fully Managed On-site Security, restaurant, bar, games room, high speed internet, Pool & Jacuzzi. The project has it´s own energy sourced from on-site wind energy, so if the rest of the island suffers a blackout, the lights will still be working here.

Plus activities including sea-kayaks, scuba diving, sailing, fishing, you can even go swimming with the dolphins, or relax on the nearby Golf course.

The management is confident the resort will continue to attract more and more guests as the publics desire for sustainable tourism grows, they are offering a guaranteed rental return of 6% net.

Current exchange rates from £sterling to US dollar are very favourable. £1 = $2.00

Therefore the villas start from only £149,500.

Highlights

Beautiful appointed villas The Villas feature a large bedroom, small living with sofa (bed), small, complete kitchen, make-up table, a large double access bathroom and large verandah with gorgeous ocean and beach views. Adjacent is a large bedroom + bathroom, separated by a door on the oversized verandah for optimal privacy.

Ideal for both families and couples, sharing a villa, but with ample privacy.

(6ft x 6 ft – 1m80 x 1m80) cloth closet, bed side tables, desk, curtains, bathroom accessories and shower curtains. A small kitchen without equipment and a make up corner.
Each villa has a 50 Gallon (190 liter) water heater, lights including energy saving bulbs.
Lighting is controlled by programmable lighting computers.

The “Honeymoon” villas have two 18000 BTU split-system air conditioners in the bedrooms.

The waste heat of the air conditioners is transformed into hot water by Heat Recovery Units. There is a large Jacuzzi at the veranda of the suite and a small Jacuzzi on the veranda of the rooms. Both are from Jacuzzi Inc. and have the latest bubble and jet massage options.

The villas range from US$ 255,000 without A/C and Jacuzzi to US$ 275,000 – $295,000 including A/C and Jacuzzi, where the price difference is for location (view) only.

The resort has ample parking spaces, very close (but not at) the villas.

On request, a third bedroom and bathroom can be added in the basement for an estimated cost of US$ 35,000. However, we do not wish to do construction when there are many guests in the resort. As September and October are the traditional "dead" months for tourists, this would be the right time to do the alterations.

Floorplans

Availability

Villa 1 HM US$ 294,000 Rainforest at the left, Bay in the middle, and ocean at the right. Most close to access road.

Villa 2 HM US$ 294,000 Rainforest view partly includes villa 1. Majestic view; very close to the ocean.

Villa 3 HM US$ 294,000 Rainforest view partly includes villa 1 and 2 Great Beach, Bay and Ocean views

Villa 4 HM US$ 288,000 Good beach views, panoramic ocean view.

Villa 5 US$ 258,000 Most close to the ocean, at the right view of the pool

Villa 6 US$ 264,000 Ocean view at the left, Bay view includes pool, rainforest at the right

Villa 8 US$ 258,000 Ocean view to the left, distant ocean and forest front view, rainforest at the right. Secluded, shaded privacy. The only villa with next-to-entrance parking and straight entrance path. Good for disabled who can do small steps

Villa 9 US$ 276,000 The highest placed villa, overlooks other villas, view includes the 2 bays and wide ocean view.

Low maintenance cost, security and utility cost, no management or overhead fees

The maintenance fee is contractually fixed at US$ 1,950 per year until 2016. We understand owners of a second home might be concerned about maintenance costs, which can get out of hand if not set up correctly. The total cost of shared 24 hour security, electricity (based on air conditioners switched off during the day), water, sewage and waste disposal as well as insurance of the building currently US$ 630 per month and will only be increased when actual cost goes up. On-site wind energy at US$ 0.27 per kWh is currently 15% cheaper than electricity from the mains.

With rising oil prices the savings will increase substantially over time. When no air conditioning is used the total cost is reduced to 395 US$ per month. For stays longer than 30 days, the electricity can be metered and the base cost will then be reduced to 345 US$ per month plus US$ 0.27 per kWh. The resort does not charge a management fee; overhead costs are included in maintenance cost.

Renting out during absence

We offer the option to rent out the villas during your absence to the resort. The ROI is 10% of the investment, based upon 65% occupancy (average per year for all villas) and 100% availability to the resort. When the actual yearly hotel occupancy differs, the ROI will be corrected. When owners stay for the months December and April, 1.5% is deducted, for January, March and April 1% and the other months 0.5%. An owner stay in a part of the month is deducted pro rata. An exception is the 2 week Christmas holiday (Saturday before Christmas until Saturday after New Year) that is counted at a flat 0.9%. If owners decide to occupy only a part of the villa, then the suite will count as 60% and the room as 40%.

Example: The actual occupancy is 58.5% and the owner (or friends, family) stays at the resort in May, June and November. The corrected yield is 9% minus 1.5% for the owner stay is 7.5% payable in February after the calendar year.

Gorgeous Nature Nature is gorgeous and varied, right at your doorstep amidst a thousands acres nature park. Forest trail hikes or easy walks along beach and ocean, you can walk for hours and just meet fishermen. Feel one with nature and enjoy majestic views. Swim in the many island waterfalls, visit fruit, nutmeg and cocoa plantations and enjoy contact with the friendly locals. Our tropical island paradise offers rain forests, crater lakes, mangroves and idyllic Robinson Crusoe beaches.Hike Mt Carmel

Infrastructure
With a large US owned university, a growing ex-pat population and being a major cruise destination, Grenada is a prime choice, confirmed by major projects recently started. The roads are comparatively good and availability of Western food and drinks is excellent and there are tax free shops. In addition to the recently completely renovated hospital there is a private high standard hospital. While laid back as the Caribbean is, this paradise is very OK to live a comfortable life.

Resort facilities Villa owners can make free use of the pool and Jacuzzi as well as the soon to be opened pool (snooker) room. High speed internet is available for just $ 29 per month which also opens the door to free or very low cost VOIP phone calls all over the world. A major advantage to have a villa in our resort community is that you can choose which facilities and how often you wish to use -and- at a great special price for owners. So if you want a 60 minute Swedish body massage for $18 or a nice 7 course gourmet lunch including drinks- for $27 or a beach lunch including drinks for $ 15, It's your choice. You get great discounts for the resort's gym, ocean kayaks and (outside the resort) 9 course golf, scuba diving, catamaran sailing and whale/dolphin watching. If you want you can use the maid, laundry or shopping services.

Title and Appreciation When you decide to buy a villa, you will have full title on the villa and grounds around the villa, while you have the non-revocable contractual right to use the access road. You can sell the villa transferring these rights to the new owner. Grenada is a rising star for second homes in the Caribbean, especially in the luxury category. Prominent Investors like Peter de Savary are building high end resort communities. These villas are priced to sell. It is the right moment to buy now! Evaluation visit The proof of the pudding is the eating… We only charge the Super-Inclusive option (US$ 780 per person per week including tax and service charge) and you don’t pay for the accommodation! Includes: daily served breakfasts, 3 course lunch, 4 course gourmet dinners, unlimited drinks, an island tour including visit to cultural highlight Fish Friday, and your choice of activities: golf (green fee 9 hole), a Catamaran cruise, whale and dolphin watching tour, diving, hiking and massage as well as the use of the resort’s facilities

General information

To own a property in Grenada you need:

Alien Land Holding License - In order to own property or land in Grenada, 10% of the agreed purchase price must be paid to the Government of Grenada once the license is granted. It generally takes about three (3) months to obtain the License. The final transfer of the property takes place upon availability of the license. The license gives residency rights. • The attorney representing you will require the following documents in order to apply for the License on your behalf:-
Police Certificate, Character Reference From A Friend, Bankers Reference. •

Stamp Duty is generally 1% of the agreed purchase price. •
Legal fees are generally 2% of the agreed purchase price.

If you wish to sell the house in the future, you would need to pay 15% land transfer tax if alien, and 5% if Grenadian. If you live in Grenada for more than 7 years, you can apply for citizenship. When you become Grenadian, you do not need to give up your current nationality.

Grenada is an independent state, but part of the British Commonwealth, which brings a legal system and supervision of a Governor General.
More information on the Government of Grenada can be obtained at http://www.gov.gd/

Citizens from Canada, USA, Commonwealth and most Western countries are exempt from visa (http://www.grenadaconsulate.com/VISA_EXEMPT.htm) and can stay in Grenada for up to 3 months, after which 3 month extensions can be obtained at Immigration.
Work permits are required for all non Grenadian citizens and can be obtained from the Ministry of Labour, (Ministerial Complex, Third Floor, Tel: (1-473) 440-2532; Fax: 440-4923) and are issued for a period of one year.

Generally, work permits will be granted to investors and for those professions where Grenadians are not (sufficiently) available.

Getting There:
Air Jamaica operates direct flights from New York.
American Airlines flies daily via San Juan. Air Canada operates a seasonal flight from Toronto.
British Airways, Virgin Atlantic and Air Excel fly direct from London Gatwick.
Condor flies direct from Frankfurt.
Many airlines additionally have indirect flights, mainly via Barbados with connections via local airline LIAT, who operates inter-island flights within the Eastern Caribbean. Finally, there are seasonal charter flights.

Why Grenada: It’s one of the most beautiful, unspoiled islands in the Caribbean with great beaches, rainforests, friendly people, stable political climate, very low crime and a comparatively well developed infrastructure. Great weather all year!

We’re more affordable than other resort communities, have better –and more flexible- facilities and infrastructure, lower maintenance and operational costs. We’re better than zero carbon, nominated for the Blue Award for sustainable tourism. Those who love gorgeous nature and great views couldn’t find a better place. And we offer options to rent during absence, have low maintenance and utility cost, shared security and no management & overhead fees. The resort is located on the South East (Atlantic) coast of the island.
To Grenville (North) 15-20 minutes.
To St George’s 30-35 minutes.
To Point Salines 35-40 minutes.
Affordable shuttles and buses are available
.Local shopping is limited; more choice and markets are in Grenville. St George’s has a supermarket aimed at ex-pats.

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