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ID: D-90,

Development for sale
Buccament Bay, St. Vincent

Prices from: £ 140 000
Completion date: October 2008

Property Description:

Apartments at the 'Buccament Bay' resort in the exclusive and unspoilt Caribbean island of St Vincent.

Not only does this complex offer a beautiful home in paradise, it also offers one of the finest investment opportunities in recent years with prices a quarter of those in neighbouring St Lucia and Barbados.

Join the millionaire set, from only £140,000!

  • No Capital Gains tax
  • Off plan finance available
  • No income tax for twenty years
  • Guaranteed 10% rental return for two years
  • Option to buy with only 1% to pay before completion!

 

St Vincent is a stunningly beautiful Caribbean country that has remained largely unspoilt from the ravages of tourism. Up until recently, there has not been a major international airport on the island and the country has been able to remain an exclusive and relatively undiscovered jewel of the Caribbean.

Property Details

All apartments will be supplied fully furnished to a standard fitting of their expected five star status.

Each apartment comes with a guaranteed 10% rental return per annum for 2 years followed by a 5 year 50/50 room rate deal.

Owners will have full freehold ownership and can use their property for up to one month within a year for the term during the rental guarantee.

There are a range of apartments being constructed throughout the development. Each type is detailed below.

All apartments on the top two floors will have guaranteed sea views.

Furnishing


We do believe that the strategy of the perfectly designed interior incorporates professional approach and profound knowledge of the contemporary interior standards.
The appropriate furniture means not only style and comfort, but also a steady investment - it may be a great advantage if you are planning a long or short-term letting of your property - the elegant interior will make it preferable and will help you receive higher rental income and obtain repeat business.

At your convenience, BG Decor http://www.bgdecor.com/ provides exclusive furnishing packages, completed up to the highest standards and approved by all major tour operators for rental purposes.

  • Exclusive lettings furnishing packages
  • High quality furniture items
  • An elegant design line and color solutions
  • A wide selection of finishes and accessories available

Other info

RENTAL
The developer is offering a guaranteed 10% rental return per annum - net of all management fees - based on the purchase price for the first two years, followed by a 5 year 50% room rate share. Therefore, for the first two years after you take ownership of your property, you are guaranteed a 10% back on the price you paid. After this time, you will receive 50% of the profits generated by your property and the rest will be place back into the resort. Unlike some other resorts, even though you are guaranteed a rental return, you can still use your property free for up to two weeks per year and one of those weeks can be in high season.

GOVERNMENT INCENTIVES 

Due to the development being government backed, there are no capital gains tax to pay in St Vincent and no income tax to pay for the first 20 years!


FURNISHING
All properties come fully furnished (unless the client does not wish the property to be entered into the rental scheme) to a standard expected of a five star resort. The furnishings are being managed by the same team who furnished Sandy Lane and the Colony Club in Barbados and 'Le Sport' in St Lucia.

PAYMENT

  • £3000 reservation fee will hold the apartment for 15 days (subject to negotiation), whilst the client carries out a viewing trip and/or checks out the contract. This fee is refundable on completion
  • 10% deposit upon signing contract (within the 15 day period)
  • 20% payable within 45 days from reservation
  • The rest of the payments will be paid on build stage of the resort: 25% Foundation, 25% Rough Structure, 15% Roof, 5% Completion
  • Finance (including stage payments) can be arranged up to 70% of the value of the property subject to status

FINANCE
Finance can be arranged up to 70% of the value of the property on the final four payments. The developers are giving clients the option by which after the first 30% has been paid, the rest of the stage payments can be made as follows: They are appointing an independent quantity surveyor who will be inspecting the works undertaken at each stage and on this report the bank will forward them the funds related to the work undertaken. The customer will be charged the interest only that relates to the amount of money that the bank releases. The interest rate will be the rate charged at the time by the bank (currently 9.75% pegged to the US base rate). This process gives you the peace of mind that the work is progressing well and that the bank is watching and looking after your investment. Once the property is ready, a further mortgage can be taken out from an alternative Caribbean bank or the developer will continue their product on a repayment basis. Finance is also available for the first 30% deposit, with the interest payments being paid by the developer for you until the property is completed. This amount is then placed on the final mortgage, meaning you can buy a property in the Caribbean without having to put any money down at all!

Ring 0800 321 32 07 or email us on sales@bgestates.com now to reserve your apartment today and claim your free viewing trip!

Location & Maps



  

Area info


St Vincent is a stunningly beautiful Caribbean country that has remained largely unspoilt from the ravages of tourism. Up until recently, there has not been a major international airport on the island and the country has been able to remain an exclusive and relatively undiscovered jewel of the Caribbean. Historically, St Vincent has been an agricultural nation, with bananas as its main source of income. However, having recently lost its subsidies for banana production, the country is now looking for new income streams, with tourism being the obvious next step considering the incredible popularity of its neighbouring islands at the top end of the tourism market.

A new International Airport, which is scheduled for completion in 2011 and the fact that the English Cricket team are playing their warm up games on the island during the 2007 Caribbean World Cup have both fuelled an interest in St Vincent and as such the government have spearheaded this ambitious and remarkable project.

There is no capital gains tax in St Vincent. Due to the government initiative to increase tourism on the island, there will also be no income tax due on profits from the Buccament Bay Resort for twenty years from completion.

'Buccament Bay Resort' will nestle in the beautiful bay of the same name. The resort is superbly positioned on the Western Coast with the existing Airport at Kingstown an approximate 20 minute drive with flights from Barbados, Antigua, Grenada, St Lucia and Tobago. The proposed Airport at Argyle to the south east will be a further 40 minute drive. The finished resort will have a mixture of properties, from studio apartments to four bedroom villas residing in their own landscaped grounds. Facilities will include a gymnasium, full hotel facilities, pools, spa and casino. An 18 hole golf course is planned just 10 minutes away.

The completion of the resort is scheduled for 2008 and will consist of 190 one and two bedroom Cabanas (Villas) including nineteen plantation houses, all with their own plunge pools and veranda. The resort will also have four apartment buildings, and owners in building 2 can choose not to enter their properties into the rental pool and use them all year round.

The whole complex will be run as a hotel, much as the famous 'Plantation Beach' in St Lucia. This provides an excellent investment opportunity and the fulfilment of a lifelong dream to own property in the Caribbean. The sand is currently volcanic but the finest white sand is being imported from Guyana to replace the existing beach.


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Prices & Availability

* BG Estates Worldwide reserves the right to actualizes the prices of the particular object.

Building 2
Apartment Bedrooms Floor View Build Area Total Area Price in € Est. Price in £ Status
Ground floor | Floor Plan : Plan
1 2 - bedroom Ground   81 .78 m2 81 .78 m2 €397 727 £350 000 Available
2 2 - bedroom Ground   81 .78 m2 81 .78 m2 €312 500 £275 000 Available
10 2 - bedroom Ground   81 .78 m2 81 .78 m2 €369 318 £325 000 Available
First floor | Floor Plan : Plan
13 1 - bedroom 1   51 .11 m2 51 .11 m2 €264 205 £232 500 Available
15 1 - bedroom 1   51 .11 m2 51 .11 m2 €227 273 £200 000 Available
Second Floor | Floor Plan : Plan
23 1 - bedroom 2   51 .11 m2 51 .11 m2 €272 727 £240 000 Available
26 1 - bedroom 2   51 .11 m2 51 .11 m2 €232 955 £205 000 Available
30 2 - bedroom 2   81 .78 m2 81 .78 m2 €392 045 £345 000 Available
Building 3
Apartment Bedrooms Floor View Build Area Total Area Price in € Est. Price in £ Status
Ground floor | Floor Plan : Plan
1 2 - bedroom Ground   81 .78 m2 81 .78 m2 €369 318 £325 000 Available
3 1 - bedroom Ground   61 .34 m2 61 .34 m2 €227 273 £200 000 Available
4 1 - bedroom Ground   61 .34 m2 61 .34 m2 €227 273 £200 000 Available
8 1 - bedroom Ground   61 .34 m2 61 .34 m2 €227 273 £200 000 Available
First floor | Floor Plan : Plan
12 2 - bedroom 1   81 .78 m2 81 .78 m2 €295 455 £260 000 Available
14 1 - bedroom 1   61 .34 m2 61 .34 m2 €235 795 £207 500 Available
17 1 - bedroom 1   61 .34 m2 61 .34 m2 €235 795 £207 500 Available
Second Floor | Floor Plan : Plan
24 1 - bedroom 2   61 .34 m2 61 .34 m2 €244 318 £215 000 Available
27 1 - bedroom 2   61 .34 m2 61 .34 m2 €244 318 £215 000 Available
Third Floor | Floor Plan : Plan
34 1 - bedroom 3   61 .34 m2 61 .34 m2 €252 841 £222 500 Available
39 2 - bedroom 3   61 .34 m2 61 .34 m2 €318 182 £280 000 Available
Building 5
Apartment Bedrooms Floor View Build Area Total Area Price in € Est. Price in £ Status
Second Floor | Floor Plan : Plan
48 studio 2   37 .17 m2 37 .17 m2 €159 091 £140 000 Available
49 studio 2   37 .17 m2 37 .17 m2 €159 091 £140 000 Available
51 studio 2   37 .17 m2 37 .17 m2 €159 091 £140 000 Available
53 studio 2   37 .17 m2 37 .17 m2 €159 091 £140 000 Available
54 studio 2   37 .17 m2 37 .17 m2 €159 091 £140 000 Available
56 studio 2   37 .17 m2 37 .17 m2 €159 091 £140 000 Available
57 studio 2   37 .17 m2 37 .17 m2 €159 091 £140 000 Available
58 studio 2   37 .17 m2 37 .17 m2 €159 091 £140 000 Available
Third Floor | Floor Plan : Plan
62 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
63 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
64 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
65 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
66 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
67 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
68 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
69 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
70 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
71 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
72 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
73 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
74 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
75 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
76 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
77 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
78 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
79 studio 3   37 .17 m2 37 .17 m2 €187 500 £165 000 Available
Building 4
Apartment Bedrooms Floor View Build Area Total Area Price in € Est. Price in £ Status
Third Floor | Floor Plan : Plan
31 2 - bedroom 3   81 .78 m2 81 .78 m2 €375 000 £330 000 Available
40 2 - bedroom 3   81 .78 m2 81 .78 m2 €346 591 £305 000 Available

Payment installments


Payment in Due Date
10% Deposit upon signing contract
20% Within 45 days from reservation
25% By completion of the foundations
25% By completion of the superstructure
15% By completion of the roof
5% By completion

Floor Plans


Building 2
floor Plan(s)
Ground floor Plan
First floor Plan
Second Floor Plan
Building 3
floor Plan(s)
Ground floor Plan
First floor Plan
Second Floor Plan
Third Floor Plan
Building 5
floor Plan(s)
Second Floor Plan
Third Floor Plan
Building 4
floor Plan(s)
Third Floor Plan

Construction Update


 
 
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