Property, swimming-pool
Buccament Bay Beach Resort is positioned in the west of the island. The tourist market is set to grow with the construction of a new international airport due for completion 2011. The island has lush breathtaking scenery and really has to be appreciated.We are building an exclusive HOTEL RESORT development consisting of studios, one and two bedroom apartments and one and two bedroom cabanas and 3 and 4 bedroom plantation houses.Features will include:-2 YEAR RENT GUARANTEE at 10%pa50/50 ROOM RATE SHARE30 DAYS OWN FREE USENO CAPITAL GAINS OR INCOME TAX FOR 20 YEARS100% FINANCE (terms and conditions apply)5* HOTEL RESORTAll fully furnished with flat screen T.V.Beach restaurant and barPrivate swimming pool and spa, etc.PRICES START FROM JUST:CABANAS1 BEDROOM 700sqft £285,0001 BEDROOM 900SQFT £350,0002 BEDROOM 1300sqft £495,000PLANTATION HOUSES2 BEDROOM 1672sqft £650,0003 BEDROOM 2064sqft £750,0004 BEDROOM 2524sqft £825,000The Pirates of The Caribbean films were filmed just 10 minutes down the coast. In the bay of Buccament a replica Galleon will moored here as a restaurant and scenice tours to the filmset.CARIBBEAN 100% FINANCE SCHEME** Only £1,000 required until completion**Guaranteed mortgage upon completion**This is an excellent opportunity to invest in a brand new property with only £1,000 required. See the example process below:· £1,000 non-refundable reservation fee required for reservation of a specific property.· 30% deposit required (less £1,000) within 45 days of reservation. Should you choose to borrow the 30% deposit, the developer will pay the loan repayments, including interest, for the 30% deposit until completion of the specific unit you have reserved. These payments will then be added to the purchase price upon completion.· Example: Property price £200,000. £1,000 reservation fee paid. The deposit = £200,000 x 30% = £60,000 - £1,000 (reservation fee) = £59,000· Interest on £59,000 @ 6%pa = £295 per month, paid for 24 months by the developer = £7,080 added to the purchase price upon completion.Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is anticipated that the £200,000 purchase price will have grown to a property value at completion of circa £325,000.At this point a 70% loan to value guaranteed mortgage is available and therefore you will be able to borrow up to £227,500. This is clearly ample to pay for the £199,000 (purchase price less £1,000 reservation fee) that you owe as well as the accrued interest of £7,080 (from the above example).Assuming you borrowed the maximum loan to value mortgage, available from the example above, you would borrow £227,500 on which the annual interest payment would be £18,200 based on a rate of 8%. The rental guarantee of 10% of your purchase price of £200,000 will generate you an income of £20,000 per year, should cover your mortgage payments.If you wish you could retain the £59,000 loan you took out for the deposit, pay the interest yourself each month, from completion onwards, and use the money to invest in a further investment property purchase.We would be delighted to answer any further questions you have regarding the exciting opportunity as well as helping you to make your reservation in the Caribbean.· Subject to status and conditions apply - please contact us for further information· If cases where we are unable to obtain finance for you, we will be prepared to refund the £1,000 reservation fee