Info Pack

Buccament Bay Resort, Buccament Bay, St. Vincent

Type: seaside
Prices from: £ 285 000
Completion date: October 2008

Property Description:

'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. 

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 Cabanas will be supplied fully furnished to a standard fitting of their expected five star status. Each Cabana comes with a guaranteed 10% rental return per annum for two years. Owners will have full freehold ownership and can use their property for up to one month within a year.

We offer:

• Tow types of One Bedroom Cabanas
• Two Bedroom Cabana
• Plantation House

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.

Gallery

Prices & Availability

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

1 - bedroom Villas Type 1

Apartment	Bedrooms	Floor	View	Build Area	Total Area	Price in €	Est. Price in £	Status
Ground floor | Floor Plan : Plan
119	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
178	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
120	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
121	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
128	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
129	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
130	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
131	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
136	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
252	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
147	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
153	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
154	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
163	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
164	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
175	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
181	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
249	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
248	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
182	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
185	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
186	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
236	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
237	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
238	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
239	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
253	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
241	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
242	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
243	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
244	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
245	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
257	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
246	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
176	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
177	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
250	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
273	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
272	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
256	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
263	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
258	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
259	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
262	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
264	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
265	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
266	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
267	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
268	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
269	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
270	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
271	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
288	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
287	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
286	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
251	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
255	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
254	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
274	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
275	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
276	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
279	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
277	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
278	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
280	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
281	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
282	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
283	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
284	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
285	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available
289	1 - bedroom	Ground		72 .90 m2	72 .90 m2	€425 373	£285 000	Available

1 - bedroom Villas Type 2

Apartment	Bedrooms	Floor	View	Build Area	Total Area	Price in €	Est. Price in £	Status
Ground floor | Floor Plan : Plan