SPECIAL PROMOTION - ENDS 10th NOVEMBER - NOW ENDED - NEW PROMOTION SOON - CALL FOR DETAILS

- 15% Deposit + 15% Developer Loan
- 30% Deposit refunded on Completion
- 70% mortgage on Completion
- Nothing to pay for the first 3 years
- Up to 14% Rental Yield

Bacelot Bay comprises just 210 properties set in 41 acres – only a 12% density. Bacolet Bay boasts superb resort facilities including a number of large infinity pools, tennis courts, one of the worlds best spa’s, superb restaurants and bars, conference facilities, a stunning beach and some of the most incredible views seen anywhere in the world.

Phase 1 of the resort is already 81 % sold out with just a few properties remaining, further cottages have been released for sale from Phase 2. The remaining Phase 2 properties (100 units) will be released this summer. Construction is fully funded and underway with completion July 2010.

The project is being valued by CB Richard Ellis (the global leader in commercial real estate services) for Phase 2 pricing.

Grenada offers the investor the following:

Carefully Planned Government Strategy: Hotel & Resort Accommodation being capped at 1000 new properties (4 & 5 Star only)
Demand far Outstrips Supply for High Quality Accommodation: The 5 star hotel occupancies are the highest in the Caribbean.
Completely Unspoilt: Visitors still can find the Real Caribbean – and with the lowest crime rate of any of the islands!
Excellent Accessibility: Direct flights from Miami (AA-Daily), New York, Toronto, London (5 flights a week on BA, Virgin & Monarch) and Frankfurt.
Superb Infrastructure: For Example, wireless broadband over the whole island and the newly opened Camper & Nicholsons Marina with berths for Super yachts (also some available through Bacolet Bay).
Member of the British Commonwealth – Laws follow that in the UK. In fact their Supreme Court is the Supreme Court in London

Grenada is focused on high end tourism and at present the property prices are lower than on other islands. Such is the bright future of the Island, in the Citi Group’s Annual Wealth Report of 2008, Grenada was named in their “Top 10 Markets for Future Growth”. The World Travel & Tourism Council has also forecast a 50% rise (some 200,000) in visitors over the next 10 years. Already the well known Chef Gary Rhodes has opened a restaurant and some Famous names have also been lured by Grenada’s unspoilt charm and exclusivity.

Bacolet Bay offers the investor:

Realise an early return on Investment – Completion of Phase 1 and all resort facilities Summer 2010. The resort will then open. Bacolet Bay will be the first new 5 star resorts to open on Grenada!
Excellent Yields (See Below) – Independently forecast by Cushman & Wakefield, HVS and the Resort Operator.
Highest Quality Partners 
Resort Operator - Solis Hotels (Part of Westpaces, run by Horst Schulze the former President of Ritz Carlton)
Construction – Bovis Lend Lease – Probably one of the most well known construction companies in the world.
Spa Design – Howard Consulting (famous for the Armani Spa's)
Interior Design – Peter Silling (World renown, projects at the Grosvenor Park Lane , Ritz Carlton Berlin etc)
Financial Backers - Cameron & Cameron
Lowest Comparable Price Per Square Metre – From $310 per sq ft compared to $1000 on the proposed nearby Four Seasons resort.
High Scope for Capital Growth – Conservatively forecast at 10% per year.
Tax Concessions – We have independently negotiated 0% Purchasing Taxes compared to up to the 15% norm.
Superb Location: Just look at the photo of our beach – 200 metres of palm lined white sand

Bacolet Bay Properties. - CALL FOR AVAILABILITY

Hotel Cottages – 864 sq ft (80.27 m2) - from $550,000 
2 Bedroom Apartments – 1103 sq ft (102 m2) – from $660,000
1 Bedroom Villas –1349 sq ft (125 m2) - from $730,000
2 Bedroom Villas – 2647 sq ft (245 m2) - from $1,065,000
4 Bedroom Villas – Sold Out

All prices include the 5 star luxury furniture pack designed by Peter schilling
All properties have Sea Views, private infinity pools / plunge pools (even the apartments!)

As in the UK all freestanding units are freehold and the apartments have a 999 year lease.

Standard Payment Plan

$5,000 Reservation
15% on Contract – less $5000 (30 days after reservation)
30% Refunded on Completion
70% on Completion

As in the UK, the first 30% payment gives the purchaser the land title.

Finance Options

Finance is available with various Caribbean banks however most clients have used the Royal Bank of Trinidad & Tobago (Part of bank of Canada).
Their interest rate is 8.5%. i.e. Grenada Prime less 0.5 (This rate is fairly average for the Caribbean).

Mortgage of 70% Loan to Value. This is a Capital and Repayment Mortgage over 20 years max. All finance is subject to Status and is fully certified.

The mortgage payments can easily be covered by the yields (see below) or by the mortgage paid for life option (also see below)

Hotel Contract

Each purchaser is required to sign a contract where their property is leased back to the resort owner. The purchaser will receive a 50% share of the generated income (see below yields). The purchaser receives 30 days usage per year. The contract is for 20 years renewable for a further 3 sets of 10 years. The property can be sold at any time.

Expected Rental Yields / Owners Income

Hotel Cottages – $61,640 per anum (14.3%)
2 Bed Apartments – $72,190 per anum (12.6%)
1 Bed Villa - $73,250 per anum (12.1%)
2 Bed Villa – $120,295 per anum (11.3%)

These figures are net - after the maintenance cost is paid ($5 per sq ft per year – includes all insurances and furniture replacement etc)
The percentages are based on an average price unit without furniture.
The yields are an average over the first 5 years
The figures are based on a conservative average occupancy of 72%

Mortgage Paid for Life Option - ENDED CALL FOR NEW PROMOTION

If you would prefer not to take the yields and would be happier with an actual guarantee then we offer the option by where we meet the mortgage payments over a full 20 year term. You pay nothing more and after 20 years you fully own the property with all the capital growth that the full price of the property realises. Of course you may sell prior to this and take the returns at that point.