Barbados is one of the most popular luxury holiday destinations in the world with breathtaking scenery, a wealth of chic restaurants and world-class golf courses. Located where the Atlantic Ocean meets the Caribbean Sea and close to the equator the island enjoys a warm and sunny climate all year. The luxury 5 star Merricks Beach Resort is situated in a stunning cliff top position in the south east of Barbados on the ruggedly beautiful Atlantic coast and enjoys spectacular panoramas forged over millions of years by the powerful Atlantic Ocean's winds and waves. Located in the parish of St Philip, 4km north of The Crane and next to Sam Lord's Castle it's just 20 minutes from the Sir Grantley Adams International Airport. The Merricks Beach Resort will be managed and maintained to the highest standard by world-class hotel company OASIS HOTELS & RESORTS. They are confident in providing the highest standards of quality, style and comfort for guests. The resort will also benefit from the efficiency of their global booking system and established online presence which will ensure maximum occupancy throughout the year. Barbados is already one of the most popular holiday destinations in the world with a well-established tourist industry that is expected to grow by 4.6% per annum and a huge demand for hotel accommodation all year round. There is an established property market and prices are still rising due to near saturation as there is a limited stock of property available for sale and limited land available to build on. With capital growth expected to be consistent at +15% per annum for the next four years bringing a high return on investment it is still an attractive prospect for overseas property investors. Merricks Beach Resort - Properties Located within the beautifully landscaped gardens of The Merricks, the villas and apartments are constructed to the highest specifications, using the best quality local materials ? tiles, stone and timber from sustainable sources ?to provide contemporary and spacious 5 star living accommodation. All the villas and apartments are fully furnished with stylish, modern simplicity, featuring stone tile floors and hand crafted Caribbean mahogany furniture. ATTENTION TO DETAIL: All rooms are air conditioned. Each bedroom has its own shower room. All villas and apartments have an interactive entertainment system with flat screen TV, internet access, stereo, personal inroom safe and telephone. All villas have a private jacuzzi. PAYMENT TERMS ?1000 reservation fee 30% at exchange of contracts 70% guaranteed mortgage at completion 100% Financing ( subject to status) Please call us for details. RENTAL GUARANTEE ALL PROPERTIES COME WITH A 10% RENTAL GUARANTEE FOR 2 YEARS FOLLOWED BY A 50% SHARE OF THE RENTAL POOL FOR A FURTHER 5 YEARS, inclusive of 30 days personal use. Please note that RESORT properties are fully furnished to 5* standards PRICES: Studios from ?245,000 (640 sq ft) 1 Bed apartment from ?290,000 (785 sq ft) 2 Bed apartment from ?345,000 (1050 sq ft) 1 Bed Cabana ?395,000 (700 sq ft) 2 Bed Cabana ?595.000 1300 sq ft Plantation 2 bd ?795.000 Plantation 3 bd ?895.000 Plantation 4 bd ?995.000