The stunning residences at Bacolet Bay combined with a unique finance package offers purchasers an excellent investment and lifestyle opportunity.
The finance package for Bacolet Bay is very attractive with a leaseback programme covering your mortgage costs while still giving you a month free usage every year. This means that after 20 years, you will own a 100 per cent of your property but it will have only cost you 30 per cent of the purchase price as the developer has made repayments of 70 per cent.
Grenada, one of the least developed islands in the Caribbean was cited as one of the top ten property markets to watch for in Citigroup’s Annual Wealth Report 2008. Located in the region of St. David’s on the south coast of Grenada, Bacolet Bay’s stunning location is one of the most superb on the island. It is ideally located for many of Grenada’s attractions whilst also being in a prime location for privacy and for taking in some of the most spectacular sea and rainforest views in the world.
The island is unspoilt and there is a shortage of high-quality property with demand significantly outstripping supply. The World Travel & Tourism Council has predicted tourism growth of 2.8 per cent per year between 2008 and 2017, reaching annual tourist arrivals of over 600,000 by 2017. In addition to Bacolet Bay, a new high end marina from Camper & Nicholson and a Four Seasons hotel are in the planning stage.
Bacolet Bay’s luxury apartments and private villas are tiered into the hillside to ensure scenic mountain and breathtaking sea views. Every luxury residence has a private pool and with only 5 properties per acre (12 per cent build density), privacy is guaranteed.
This world class resort features a 200 metre white sand beach and secluded bay along with outstanding hotel facilities. In addition to a multitude of sporting and leisure facilities, Bacolet Bay will feature a holistic Spa created by the renowned designers of the Armani Spa in Tokyo, Dubai and Milan. This 5-star resort features a beach front wedding chapel, kids’ club, creche and baby-sitting facilities, a private sheltered jetty and what promise to be some of the island’s best restaurants. The development will be managed by one of the world’s most innovative luxury resort operators.
Bacolet Bay Resort & Spa was awarded the Best Development Award at the 2007 International Property Awards as well as the 2007 Caribbean Property Award, Best Spa Development of the Year.
Building work is currently under way and with prices more than 50 per cent below market comparables, this is a one-of-a-kind opportunity.
Price from US$580,000.
International Luxury Real Estate
+44 (0)20 7095 8701