Key Features
- - Condition: Excellent
- - Floor space: 0
- - Communal pool
- - Covered area: 66
- - Mountain view
- - Distance from the sea: Walking
10% net yields guaranteed for 5 years with 2 weeks personal use per year Experienced development team, the President of which is the owner of the successful Toucan Inn & Bonkers on the Island Up to 80% LTV mortgages are now available subject to stat
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Quote Property ID: 530995
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Full Description
Description Trinidad is one of the Worlds tiger economies supplying 70% of all natural gas to the US and as the worlds largest producer of ammonia and methanol, its GDP grew 12% in 2006 making it one of the Caribbeans wealthiest countries. In contrast its sister island, Tobago, remains beautiful and unspoilt with an economy focussed around agriculture and, more importantly, tourism. Tobagos government are committed to a restricted and sustainable program to carefully control and enhance Tobagos tourism industry, whilst retaining the charm that has earned it the World Travel Awards best eco-destination award for the last 3 years. The Tourism Development Company of Tobago (www.tdc.co.tt) has identified that there is a shortage of over 700 beds on the island. With hotels currently at 85% occupancies and with growing pressure from tour operators and airlines alike to increase capacity, the demand for bed stock in Tobago is at an all time high making this a perfect time to invest. Location Tobago is the last true Caribbean hideaway.
Covered in jungle, this tiny island is home to the oldest protected rainforest in the Western hemisphere and an incredible natural habitat. With Greenback turtles nesting on the beaches, tropical fish hidden amongst the wrecks and reefs surrounding the island, and parakeets in the reserves, this is a nature lovers paradise.
Located in the south Caribbean, outside of the hurricane belt it offers tourists a year-round destination. Indigo Bay is located on the 2 miles of beach at Little Rockley Bay in the south of the island just 4 miles from the Crown Point International airport, to which 6 international airlines currently fly including Virgin Atlantic and British Airways. Properties The 79 apartments at Indigo Bay are in such high demand that TUI have issued the developer with a letter of intent for the complex stating room rates of $150 per night.
Virgin Holidays are also keen to get the contract. With this in mind the developers are happily offering investors a leaseback agreement of 10% net yields for 5 years. Plus, to ensure investors dont miss out on the beauty of this island paradise this contract comes with 2 weeks personal use per year! Using a 80% LTV completion mortgage, investors can purchase an apartment with just 20,000 plus purchase costs, enabling a cash-flow positive investment. Amenities Restaurant Bar Gym Swimming Pool with swim-up bar Payment Schedule $10,000 deposit upon signing the reservation agreement. 20% payable upon signing the SPA 80% (less the $10,000 reservation deposit) upon completion (est. March 2009).
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