About the property

The hotel Cottages in Bacolet Bay represent an excellent property investment within the Caribbean. Set on this stunning 5* development close to the capital of St Georges they enjoy a superb location overlooking a stunning bay surrounded by luscious rain forest, white sandy beaches and warm seas. Point Salines International Airport is located just 20 minutes away and it is worthy to note that Bacolet bay will be the first 5 star resort to be completed on this part of the island. These units are competitively priced at 18% below RICS valuation and include a full furniture pack within the price.The cottages offer a unique investment proposal where the investor is required  to put down just half the 30% deposit at exchange. The developer will loan to the client the remaining 15% until completion. At completions clients can obtain a 70% LTV mortgage (subject to status) and will receive 3 years of guaranteed rental at 10% per annum payable in advance on completion as a cash back, thus  providing the investor with 30% out,  15% of which pays off the loan from the developer and 15% is retained by the purchaser repaying them their deposit. The mortgage and maintenance will also be paid for the first three years by the developer and the purchaser can enjoy 4 weeks personal use a year.The availability of these hotel cottages is extremely limited only a handful remain and units can be reserved for just $5000. Please note this deal is not available on the other units available within the Bacolet Bay development.This striking resort  is set to be managed by one of the leading luxury American hotel management companies and  has been designed to meet the growing tourism industry, with the island enjoying increasing  levels of tourists from the US and the UK . The introduction of daily flights from the America and twice weekly flights from two British airlines has also made the island even more attractive to tourists