2 Bed Apartment for sale in Merricks, South Coast, Barbados

Two Bedroom Ground Floor Wrap Apartment Situated In The Merricks Beach Resort, Barbados   Fully Managed Freehold Investment Property - Re-Sale.   Completion ...

Two Bedroom Ground Floor Wrap Apartment Situated In The Merricks Beach Resort, Barbados

Fully Managed Freehold Investment Property - Re-Sale.

Completion Due Autumn 2013.

LIMITED TIME OFFER! £500 will be given to the purchaser towards an annual gym or country club membership of your choice for any completed purchase of an investment property *

£440,000

Managed rental freehold investment with 30 days personal use per year.

This is not a timeshare, this is equivalent to a buy to let investment.

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.

The developer offers investors:

???Developer will assist investors to obtain finance for completion.
???30 days free use of their property each year (excluding SIPP investors).

Purchasing off-plan means you pay a lower price for your property than it will be valued at completion.

There will be several price rises during the build period which means you will see the value of your property increase over time.

You can sell your property at any time after exchange of contracts.

How to finance your investment property:

???£1000 ($2000) non-refundable reservation fee* required for reservation of a specific property ??? you must pay the 30% deposit within 45 days of making your reservation.
???30% deposit i.e. 30% of the purchase price.
???Developer will assist investors to obtain finance for completion.
100% finance** is available - click here for details and example.

All you pay is £1,000 reservation fee** ??? nothing else to pay until completion because we pay your monthly interest payment on the 30% deposit

*All options for finance available will be explored, i.e. unsecured, secured, mortgage or re-mortgage. Developer does not guarantee which method of lending will be offered. If developers are able to obtain finance, from whatever means as previously mentioned, and the client refuses this for whatever reason, or decides not to proceed, the reservation fee is non-refundable. If a client arranges their own finance and is unsuccessful, the developer then reserves the right to try and obtain finance through their own contacts. In all instances, if we are unable to obtain finance the reservation fee will be refundable.

**Subject to status. Terms & conditions apply.

*Terms and conditions of limited time offer: In order to qualify for this entitlement you will need to have reserved your property with contract exchange no later than 31st March 2010. Payment will be by cheque only and payable within 4-6 weeks of exchange of contracts.

Map & schools.