Bacolet Bay, St George's

Country

Grenada

Area

Grenada

Region

Grenada

Town

St George's

Bacolet Bay

on Grenada: Call +44(0)113 3131000 Now. New 15 In 30 Out Payment Plan. Just 15% payable up front and investors receive 30% back on completion. 10% Mortgage Guarantee. Motgage Paid For Life Option OR split of rental proceeds.

Bacolet Bay is one of only a few caribbean destinations that wil be managed by one of the most exclusive 5 star hotel brands in the industry. We can't print which one - but call us and we are able to tell you.

Contact  http://www.jet2letproperty.com/contact-us.html for 15 In 30 Out Payment Scheme: Limited Offer 

The 15 In 30 Out Deal

15% Down (15 in) plus 15% developer loan at 0%

85% Completion (mortgage STS). Receive 30% Out (15% is retained to pay off developer for 0% interest loan)

3 years guaranteed rental of 10% - paid in advance on completion. (30 out)

PLUS: mortgage and maintenance fee is paid for the first 3 years.

you decide on completion whether to sign up for "the mortgage paid for life"

                                        ... or take the "50% share of the yields"

• This is a limited offer 
• Just make 15% payment within 30 days of reservation.
• One total price (not split with the furniture).
• Furniture is included in the price.
• Mortgage can be obtained on total price

Bacolet Bay is pure Grenada exclusivity. Just look at this list of high end brand partners:

1. Cameron & Cameron (Finance)

2. High End Resort Operator - Announcement Soon
   

3. Howard Consulting - Spa Design
   

4. Bovis Lend Lease

5. Peter Silling Interior Design

Bacolet Bay Access & Location

• direct flights from the UK, USA and Continental Europe
• two cruise ship terminals
• 20 minutes' drive from Point Salines International Airport
• 20 minutes' drive from the capital St George's.
• secluded location on the southern part of the island
• white sand and clear water 

Bacolet Bay Description

Imagine a two hundred metre white sandy beach, a secluded bay with world class hotel facilities set in forty one acres of tropical gardens. Then think of the highest possible levels of service with every five star resort appeal from the best restaurants, top holistic Spa, private jetty.

You are then getting an idea on how special Bacolet Bay is, and how it can be your piece of paradise.

But you need to also be sure that  the project steps up to the mark financially. and that occupancy, and therefore rental yield, will be higher than competing destinations. The answer, is that the handful of current 5 star hotels achieve eighty nine per cent peak season occupancy rates. And with with conservative estimates of future average occupancy rates at sixty five per cent, then the research from Cushman and Wakefield says income will be in excess of $65,000 after management expenses.

Why Grenada?

Property investment in Grenada makes sense, as it is one of the less developed islands in the Caribbean and unspoilt. There is a shortage of high-quality property, and therefore Grenada is a wise choice as a property investment destination.

The World Travel and Tourism Council has predicted tourism growth of 2.8% per year between 2008 and 2017, reaching annual tourist arrivals of over 600,000 by 2017. 
 

A progressive government has now implemented tax exemptions and customs concessions for investors in tourism. The substantial infrastructure investments are helping to improve even further the appeal fo the island. 

In addition to Bacolet Bay, there is a new high end marina from Campell & Nicholson, commercial centre, duty free shopping mall, golf resort and the opening of international hotel brands.

How Can I Finance My Purchase?

This is a project for canny investors, as well as those looking for a place in the sun. Mortgage Finance is from Royal Bank Trinidad and Tobago. Only 15% cash is required. So from $129,000 for a €430,000 property. 10% first three years rental guarantee. Optional guaranteed 8% rental return. Four weeks own use. Avoid all local taxes. Special Grenada government approved development.

Pay Just legal fees. Save up to 9% on the only government approved scheme on this magical "spice" island.

Enquire now for Guaranteed* 'no pressure' discovery tour.

Frequently Asked Questions - Financing

1. Do I contact the bank directly?  Or via the lawyer? Yes Direct, we will supply details and application.
2. What are the set up costs? Depends by bank, but is usually 1% arrangement fee, plus bank legal expenses
3. What info do I need to provide? Three years' evidence of earnings (pay slips / tax returns etc). Credit check undertaken
4. What happens if I only have assets and/or are self employed, rather than fixed monthly income? If you have sufficient assets then the mortgage can be provided.
5. What does "mortgage paid for life" by the developer mean?  You hold the mortgage BUT the property management  leases the property from the property owner for a rent which is equivalent to their costs.
6. Is there a likelihood that the 70% Loan To Value is going to be more than 70% of the Price? Or will it be just 70% of the SPA price max?  Max 70% of the purchase price. Can remortgage at market value once the property is 2 yrs old. However, RBTT (Royal Banko Of Trinidad & Tobago) will finance to 90% with mortgage indemnity insurance.
7. We mention 8.5% IR, is that fixed? If so for how many years? What are the interest rate conditions? Typically 0.5% below Grenada prime rate. Will be variable rate.
8. Is the "Mortgage Paid for life" going to continue for all of Phase 1 properties Yes - will it be available on Phase 2? Not at present.

Reservation Process and Payment Plan

1. $5,000 reservation fee 
2. Initial Mortgage application
3. 30 Days after reservation, and after finance approval and the legal work is complete, the Purchase Agreement is signed along with with 15% and 15% Loan from developer.
4. The next three 20% payments are covered by the draw down. The developer make the payments for this part of the loan.
5. On Completion the Mortgage converts to a 70% LTV.

Contact us now for more on Bacolet Bay, Grenada:  http://www.jet2letproperty.com/contact-us.html 

Grab the "15 In -- 30 Out" Offer Now. 

Discovery Tour Guarantee

If you are subjected to any pressure whatsoever on your tour, you call Jet2Let Property Director, Lance Nelson and you will immediately receive €200 in your bank account.

This Is A No Quibble Guarantee

Lance Nelson says. "Pressure sales is so old hat - and I dislike it a lot. I want you to be certain that you are dealing with a real estate company that puts its money where its mouth is. And puts you first. And that is why all Jet2Let clients will never be pressure sold to"