St Kitts | Silver Reef Resort

Overview

Silver Reef is just ten minutes’ drive from the island’s capital, Basseterre, and just over 2 miles from the airport. Spread over 4.7 acres of gently sloping hillside amidst lush gardens on the edge of the Royal St. Kitts Golf Course the development benefits from spectacular views of both the Caribbean Sea and the Atlantic Ocean. The picture perfect Frigate Bay boasts one of the finest beaches on the island and its coral powder sands and clear waters are less than a five-minute walk down a pathway from Silver Reef. The beach offers safe swimming, plenty of water sports and a variety of beachfront bars.

This select development will offer just 62 villas and 54 apartments set in lush tropical landscaped gardens with exercise and relaxation pools. The resort offers an in-house management team plus an experienced management company with full rental pool administration for only a 15% cost plus predicted net yields of 8-13%. Our forecasting suggests annual appreciation levels averaging somewhere in the region of 15%. 70% LTV mortgages are available to foreign purchasers and with apartments available from £135k investors can purchase their property with just £41k cash plus legal costs.

Investment

• Unique position on the edge of the Royal St Kitts Golf Course, commanding views of both the Caribbean Sea and Atlantic Ocean
• Yields expected to achieve between 8-13%
• 70% LTV mortgages are available to non-resident buyers meaning a cash investment of ~£41k + legal costs
• Economic Citizenship is available to those purchasing a property worth $350k or more
• Growing economy refocusing itself towards tourism with FDI up 83% in 2005
• Tourism set to grow by 6.2% annually for next 7 years — one of the highest predicted growth rates in the whole Caribbean
• Tax free haven — no income tax, capital gains tax on property owned for 12 months, wealth tax or inheritance tax

Property Types

1 & 2 Bed Apartments. Fariway Villas

Price Range

£135,000 GBP - £355,000 GBP

Island Jump