About the Property:
Situated just moments walk from the Beach this is a luxuriously appointed 2 bedroom apartment/condo measuring 1,300 sq ft. This property overlooks the tropically landscaped swimming pool with a wooden sundeck, loungers and Tikki pool bar.
The Property has an open plan living area with two sets of double doors, one leading to the Balcony and the other to an extensive wooden terrace with teak furniture, ideal for a bar b q or a late evening glass of wine or two. The Kitchen is completely fitted with built in dishwasher, washing machine and American style fridge freezer and granite work surfaces. The large master bedroom has a walk-in closet and an en-suite shower room finished in marble with a double vanity and a powerful multi-head shower. The proportions of all the rooms in the calabash are somewhat larger than of the smaller tamarind homes and there is an entrance loby,
The Villa is beautifully finished with hardwood floors and to add that Caribbean flavour, traditional timber louvered shutters are covered with breezy sheers and hardwood four poster beds.
About the Resort:
Cotton Bay Village luxury resort is located on 9 acres of beachfront land in Cap Estate. Its white sand, tall palms, turquoise seas and sheltered cove with constant breezes make this resort unique in St. Lucia. The resort consists of seventy-four luxury villas and apartments, which are sold privately with rental pool opportunities for owners. Members also benefit from a first class spa. Adjacent to the resort is the exclusive St. Lucia Golf and Country club. Our large bay is unrivaled in St. Lucia for windsurfing and kite surfing, and also offers other activities such as kayaking, horseback riding and hobby-cat sailing
RENTAL PROGRAM:
This exceptional resort successfully combines the investment benefits of a resort community with the freedom of owning your own FREEHOLD/DEEDED property. One of the many differences between this resort and that of its competitors is that you are allowed 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. However, when you are not using the property for yourself or family and friends, you can choose to enter your home into the hotel managed rental pool and generate a healthy return.
Features
2 Bedroom 2 Bathroom Apartment
Kitchen fully fitted with white goods
Fully Air Conditioned
Swimming Pool On Site
WHY ST LUCIA?
Well, St Lucia has experienced more than its fair share of publicity over the past 12 months, especially within the Canadian and UK markets, increasing both visitor numbers and 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. In addition 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 as has been experienced in many other locations around the world recently. The massive $120 million purchase and re development of Rodney bay Marina by IGY has also poured money into the local economy positively effecting local infrastructure and 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 and invest in St Lucia.
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* No Income Tax
* Virtually No Property Tax ($30-$50 per month)
* Tax haven and Off Shore Banking institutions
* Mortgages up to 70% LTV secured on St Lucia Property Typically 4-6% interest pa.
* Year round Tropical climate and rental Season See Weather today
* New 5
* Hotel resorts attracting more up market tourism and increasing average room rates for hotels and rental property alike.
* Excellent 'Air Lift' with numerous International flights to the UK, USA and Canada.
* Growing number of European and 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 and motor cruisers.
Mortgages are available in St Lucia for a maximum of 70% Loan to VALUE
Please note the USD price is the correct price and the GBP price is an estimate. For an up to date conversion to GBP please visit www.xe.com
