Grenada | Bacolet Bay resort

Overview

With 41 acres of tropical gardens, a 200m white sand beach and a secluded bay, Bacolet Bay will offer endless opportunities for relaxation, snorkelling and watersports in an exclusive, luxury setting. The resort will be low-density and will consist of a residential area and a hotel and spa. All owners will have access to an extensive range of facilities including communal pools, hiking and biking trails, sheltered jetty for small craft, tennis courts and fitness centre and to the beachfront bars and restaurants. There is even a wedding chapel.

Currently there are only a handful of 5-star hotels and resorts on Grenada. Occupancy rates stand at 89% during the peak season. Based on research by resort consultancy Cushman and Wakefield and under the expert management of a leading US based hotel group, units at Bacolet Bay should command incomes upwards from $96,000 per annum. A guaranteed rental option giving net yields of 9% is offered on the hotel cottages. 70% LTV mortgages are available enabling investments with £59k plus purchase costs.

Investment

• 41 acres of tropical gardens, state-of-the-art spa and fitness centre, tennis courts, beachfront bars & restaurants, 200m white sand beach and secluded jetty
• 70% LTV mortgages offered by one of the Caribbean's largest banks, enabling investments from £59k plus purchase costs
• A leading US based hotel group has been appointed to manage and promote the resort under their Solis brand
• Retaining high net yields after management costs of between 6.9 and 14.3% plus owners will receive 4 weeks personal use a year
• Grenada is a rapidly emerging real estate market and capital appreciation is expected to be around 10% per annum
• Annualised return on investment is forecast to be 55%
• Well located within 20 minutes drive from the capital St. George's & Grenada's international airport

Property Types

Apartments, Hotel cottages, 1 & 3 bed villas, bespoke villas

Price Range

£215,000 - £1.25m GBP

Island Jump