VILLAS & APRTMENTS GLOBAL CITIZEN REALTY BACOLET BAY BEACH RESORT & SPA GRENADA - CARIBBEAN Copyright Global Citizen Realty Ltd 2015
CONTENTS Welcome to Bacolet Bay Beach Resort & Spa - Grenada 3 Grenada 5 Bacolet Bay 8 Apartments 13 Hotel Cottage 15 One Bedroom Villa 17 Two Bedroom Villa 2
GRENADA A small Caribbean island (12 miles wide and 21 miles long) Grenada is 1,623 miles southeast of Miami, 80 miles north of Trinidad and 160 miles southwest of Barbados. It lies outside of the Caribbean hurricane belt and benefits from direct flights from London, Frankfurt, New York, Miami, Toronto and many other regional hubs. With golden beaches and a verdant interior, Grenada has an unspoilt reputation and friendly and intelligent people. English speaking, Grenada has a stable government and well established system of law based upon English law. GRENADA Grenada is predicted by the World Travel & Tourism Council to be the third fastest growing market in the Caribbean between 2013 and 2023. The 2008 Citibank / Knight Frank Annual Wealth Report identified Grenada as one of 10 up and coming global prime markets. Whilst Grenada property prices are currently lower than in similar Caribbean islands, informed property advisers identify Grenada s unique and exclusive character as providing strong investment prospects, comparable to those previously experienced in Barbados. Formerly an economy dominated by agriculture, successive governments have sought to provide stimulus to refocus upon the tourism economy generating the investment opportunity that now exists. Camper & Nicholsons have recently developed a mega yacht marina in the island s capital, St. George s, attracting many ultra-high net worth s to the famously picturesque harbour. The island is also well known for the Bianca C cruise ship wreck dive site, underwater sculpture park and trekking in its verdant rainforest interior. Grenada is an island of outstanding natural beauty. 3
In recent years the Government of Grenada began implementing a policy of granting tax concessions to attract investment in the hotel & tourism resort sector. As a result of that policy Grenada has attracted investment from developers who collectively are helping to sensitively develop Grenada into a luxury, private haven for the World s high net worth elite. The pipeline of leisure and service related investments in Grenada exceed US$ 1Billion. There is discussion of Grenada becoming the Monaco of the Caribbean. GRENADA Those investing in Grenada will be in the company of private equity investors from the city of London, leading developers from the UK, a French billionaire, Ultra High Net Worth Citizenship Investors, and most recently there is planned investment from Chinese State owned banks and the Island has recently received investment delegations representing Sovereign Wealth Funds. 4
BACOLET BAY RESORT Bacolet Bay is a hotel and spa resort designed to meet the island s need for high quality rooms and superb accommodation. Amenities include hotel concierge, food and beverage and spa services, property and rental management and security. Bacolet Bay s greatest strength is the unique and unspoilt environment of its 22 acre waterfront area. Only a few villas and a number apartments remain. These properties offer quality of location, design and construction; superb value for money against comparable property prices in neighbouring Caribbean islands; potential for capital growth; a solid yield through rental as a hotel property; and the option to use the property as a holiday home with up to 12 weeks personal usage per year. Owners may also elect not to have the property in the rental scheme and use as a private residence but still with the benefits of being on a luxury 5 star resort. BACOLET BAY RESORT Bacolet Bay is a destination resort for those who seek a refined travel experience rather than a holiday. It has been designed for those who seek to be located centrally enough to explore and experience a sense of place but wish to be sufficiently secluded to provide a tranquil, intimate and private experience. This is Barbados in the 1960s; a place where the world s discerning elite come to enjoy the real Caribbean. 5
BACOLET BAY RESORT The resort will provide extensive yet discreet amenities including; Concierge Gracious and attentive maid service Sumptuous international standard cuisine featuring the finest local ingredients and served either in the luxuriously appointed restaurant or in residence World class spa and wellness centre Privacy and security Secluded beach Extensive walking trails within the grounds of the resort A range of personal and family experiences that allow you to form lifelong memories and develop a real sense of the West Indies Turn-key property and rental management service Superb sporting facilities including tennis courts and gymnasium Plus a diving centre, sailing & boat hire and extensive water-sports 6
LUXURY PROPERTY, EXCEPTIONAL INVESTMENT The properties are finished to the highest standards and furnished with a luxury furniture pack. THE PROPERTIES 7
CINNAMON SUITE - APARTMENTS Two types of luxury suite most with superb uninterrupted ocean views from 501 to 742 ft2 located on just 2 floors and priced from $500,000 US. APARTMENTS 8
TYPE A - Ground Floor PURCHASE TERMS 999 Year Leasehold purchase Payment Plans 30% on Contract and 70% on Completion 50 % on Contract and 50% on Completion - additional 5% discount 100% on Contract - additional 15% discount APARTMENTS Average forecast NET Yield (over first 8 years of trading): 6.9% per annum Up to 12 weeks personal use per annum Free Luxury Furniture Pack Non Resident Completion Finance Available of up to 70% (Subject to Status) Zero Purchase Taxes (Normally up to 15%) Cinnamon Suite - Type A - Ground Floor Price $520,000 Built Size 742 ft2 Average Annual Forecast Net Yield* 6.9% With sofa beds in the living area this villa can accommodate up to 2 adults and 2 children (or 3 adults). 9
TYPE B - Ground Floor PURCHASE TERMS 999 Year Leasehold purchase Payment Plans 30% on Contract and 70% on Completion 50 % on Contract and 50% on Completion - additional 5% discount 100% on Contract - additional 15% discount APARTMENTS Average forecast NET Yield (over first 8 years of trading): 6.3% per annum Up to 12 weeks personal use per annum Free Luxury Furniture Pack Non Resident Completion Finance Available of up to 70% (Subject to Status) Zero Purchase Taxes (Normally up to 15%) Cinnamon Suite - Type B - Ground Floor Price $515,000 Built Size 641 ft2 Average Annual Forecast Net Yield* 6.3% With sofa beds in the living area this villa can accommodate up to 2 adults and 2 children (or 3 adults). 10
TYPE A - First Floor PURCHASE TERMS 999 Year Leasehold purchase Payment Plans 30% on Contract and 70% on Completion 50 % on Contract and 50% on Completion - additional 5% discount 100% on Contract - additional 15% discount APARTMENTS Average forecast NET Yield (over first 8 years of trading): 6.5% per annum Up to 12 weeks personal use per annum Free Luxury Furniture Pack Non Resident Completion Finance Available of up to 70% (Subject to Status) Zero Purchase Taxes (Normally up to 15%) Cinnamon Suite - Type A - First Floor Price $510,000 Built Size 562 ft2 Average Annual Forecast Net Yield* 6.5% With sofa beds in the living area this villa can accommodate up to 2 adults and 2 children (or 3 adults). 11
TYPE B - First Floor PURCHASE TERMS 999 Year Leasehold purchase Payment Plans 30% on Contract and 70% on Completion 50 % on Contract and 50% on Completion - additional 5% discount 100% on Contract - additional 15% discount APARTMENTS Average forecast NET Yield (over first 8 years of trading): 6.0% per annum Up to 12 weeks personal use per annum Free Luxury Furniture Pack Non Resident Completion Finance Available of up to 70% (Subject to Status) Zero Purchase Taxes (Normally up to 15%) Cinnamon Suite - Type B - First Floor Price $500,000 Built Size 501 ft2 Average Annual Forecast Net Yield* 6.02% With sofa beds in the living area this villa can accommodate up to 2 adults and 2 children (or 3 adults). 12
HOTEL COTTAGE An independent detached property priced at $570,000 US. All cottages have superb unobstructed ocean views HOTEL COTTAGE 13
HOTEL COTTAGE PURCHASE TERMS Freehold purchase Payment Plans 30% on Contract and 70% on Completion 50 % on Contract and 50% on Completion - additional 5% discount 100% on Contract - additional 15% discount HOTEL COTTAGE Average forecast NET Yield (over first 8 years of trading): 8.3% per annum Up to 12 weeks personal use per annum Free Luxury Furniture Pack Non Resident Completion Finance Available of up to 70% (Subject to Status) Zero Purchase Taxes (Normally up to 15%) Hotel Cottage Price $570,000 Built Size Gross plot Size 883 ft2 936 ft2 Average Annual Forecast Net Yield* 8.3% The cottage can accommodate up to 2 adults and a small child in a cot or extra bed. 14
ONE BEDROOM VILLA A superb independent detached hotel Villa priced at $837,000. All Villas have superb 180 degree ocean views and again furnished to the highest standard. ONE BEDROOM VILLA 15
ONE BEDROOM VILLA PURCHASE TERMS Freehold purchase Payment Plans 30% on Contract and 70% on Completion 50 % on Contract and 50% on Completion - additional 5% discount 100% on Contract - additional 15% discount Average forecast NET Yield (over first 8 years of trading): 7.2% per annum Up to 12 weeks personal use per annum Free Luxury Furniture Pack Non Resident Completion Finance Available of up to 70% (Subject to Status) Zero Purchase Taxes (Normally up to 15%) ONE BEDROOM VILLA One Bedroom Villa Price $837,000 Built Size Gross plot Size 1,349 ft2 1,514 ft2 Average Annual Forecast Net Yield* 7.2% With sofa beds in the living area this villa can accommodate up to a family of 4. 16
TWO BEDROOM VILLA Exclusive Front Line Two bedroom Villas $1,700,000 US for freehold purchase TWO BEDROOM VILLA 17
TWO BEDROOM VILLA PURCHASE TERMS Freehold purchase Payment Plans 30% on Contract and 70% on Completion 50 % on Contract and 50% on Completion - additional 5% discount 100% on Contract - additional 15% discount Average forecast NET Yield (over first 8 years of trading): 5.7% per annum Up to 12 weeks personal use per annum Free Luxury Furniture Pack Non Resident Completion Finance Available of up to 70% (Subject to Status) Zero Purchase Taxes (Normally up to 15%) TWO BEDROOM VILLA One Bedroom Villa Price $1,700,000 Built Size Gross plot Size 2,687 ft2 4,335 f2 Average Annual Forecast Net Yield* 5,71% With sofa beds in the living area this villa can accommodate up to a family of 6. 18
GLOBAL CITIZEN REALTY London Valencia St. Georges U.K. - Spain - Grenada Global Citizen Realty Ltd 43-44 Hoxton Square London N1 6PB United Kingdom www.globalcitizenrealty.com +44 207 148 1557 Copyright Global Citizen Realty Ltd 2015