Cheap Apartment To Buy - Ref 1073489
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Apartment/Flat Description
Excellent Investment Opportunity!
Stunning Contemporary Studio apartment in a beautifully landscaped beach resort on the tropical Island of St Lucia.
Yeilds of 8-11% expected
The "I HOTEL" is arguably THE BEST VALUE project here in St Lucia and successfully combines the investment benefits of a resort community with the individuality and freedom of owning your own FREEHOLD/DEEDED property.
The "I hotel & country club" will be the final phase in the famous Cotton Bay Village Resort which is a luxury Beach development situated in the far north of the island adjacent to St Lucia Golf & Country club & of course directly on the beach.
Each apartment has excellent views and of course is just a stone throw away from the beach & ocean.
Poolside: Overlook the "miami" style 70 meter long swimming pool lined by Palm trees which is simply stunning by day or in particular when lit up at night
Garden: overlook the tropically landscaped gardens, water feature or relaxation area with cabana's, day loungers and Hammocks hanging from the palm trees.
Cotton Bay Resort has already won various awards including best spa resort in the Caribbean & Mexico and is proud to be a member of the small luxury hotels of the world
Prices here are incredibly good value for off plan investors with a Studio's from $150,000, 1 bedroom apartment starting from $225,000 and a 2 bedroom from $325,000.
Prices are expected to rise some 40% during construction as occurred during the development of the original Cotton Bay village itself so clients who buy in early will benefit from excellent capital growth opportunity as well.
Please send us an e mail and we will be happy to forward the full investment brochure to you for you to review where you will see that returns of 8-11% are expected.
One of the many differences between our resorts and that of our competitors is that we allow you as the owner to decide when and how long you wish to use your own home for. If you wish to spend 1 or 52 weeks a year or anything in between that is fine by us. However, when you are not using the property for yourself or family & friends you can choose to enter your home into the hotel managed rental pool which is expected to return approximately 10% per year.
So why choose St Lucia?
Well, St Lucia has experienced more than its fair share of publicity over the past 12 months, especially within the Canadian & UK markets, increasing both visitor numbers & buyers of Residential property. Throughout the Credit Crisis St Lucia's real estate market has held firm and now with real positive signs of sustainable recovery it won't be long before double digit price increases are here again. Part of the reason for St Lucia's success is that it attracts High net worth individuals who are less affected by the credit problems and thankfully the number of homes being built in is still very low when compared with other destinations so we do not have an oversupply of homes which causes values to be under mined. The massive $120 million purchase & re development of Rodney bay Marina by IGY has also poured money into the local economy positively effecting local infrastructure & property values.
Listed below are some more of the reasons that have led many people to the conclusion that now is the perfect time to diversify & invest in St Lucia.
No Income Tax & Virtually No Property TaxVoted by the WORLD BANK as in the top 30 places in the world to Invest!Tax haven & Off Shore Banking institutions Mortgages up to 70% LTV secured on St Lucia Property Typically 4.5-5.% interest pa. Year round Tropical climate & rental Season Growing exclusive up market tourism, increasing average room rates for hotels and rental property alike.Excellent "Air Lift" with numerous International flights to the UK, USA & Canada. Growing number of European & Canadian Holiday makers 40% cheaper than Barbados - just a 30 minute flight away$120 Million re-development of the Rodney Bay Marina by IGY to accommodate the growing number of Mega Yachts & motor cruisers. This project is available "Off Plan" and so viewing is not essential. Should you decide to purchase without viewing we will be happy to offer a $3,000 voucher that can be used for you to visit St Lucia to view the progress of the resort at anytime over the next 18 months or alternatively simply as a CASH BACK to you!.
However, should you decide that you wish to visit St Lucia, we will be happy to arrange a full 7 day holiday for two people to stay in one of our luxurious apartments at our completed resort "Cottonbay village" which will give you an excellent chance to get a real taste for what make St Lucia and our resorts so very special.
For more information and details on availability please feel free to contact us.
Thank you
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Approximate price of this 0-Bed Apartment
€119,560 EUR |
£95,684 GBP |
US$150,000 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment |
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Re-Sale |
| Listed |
over 6 months ago |
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Map of Cap Estate, Gros-Islet, Saint Lucia
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Price: US$150,000
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