The Merricks, Barbados
Garden Suites from £210,000
Studio Suites from £245,000
1 Bedroom Apartments from £290,000
2 Bedroom Apartments from £345,000
Plantation Houses from £825,000
Island Sanctuary Spas from £895,000
Why Invest?
Barbados is already one of the most popular holiday destinations in the world with a well-established tourist industry that is expected to grow by 4.6% per annum and a huge demand for hotel accommodation all year round.
There is an established property market and prices are still rising due to near saturation as there is a limited stock of property available for sale and limited land available to build on. With capital growth expected to be consistent at +15% per annum for the next four years bringing a high return on investment it is still an attractive prospect for overseas property investors.
Developers guarantee to investors:
- Assistance to investors to obtain finance for completion.
- Two year 10% rental guarantee followed by 50% net room rate share.
- 30 days free use of their property each year.
- Purchasing off-plan means you pay a lower price for your property than it will be valued at completion.
- There will be several price rises during the build period which means you will see the value of your property increase over time.
- You can sell your property at any time after exchange of contracts.
How to finance your investment property:
- £1000 reservation fee required for reservation of a specific property – 30% deposit to be paid within 45 days of making reservation
- Developers will assist investors to obtain finance for completion
- 100% finance** is available – All you pay is £1,000 reservation fee** – nothing else to pay until completion because developers pay 6% interest on cash deposits or monthly loan repayments on 30% borrowed funds for deposit **
**Subject to status. Terms & conditions apply.
Barbados is one of the most popular luxury holiday destinations in the world with breathtaking scenery, a wealth of chic restaurants and world-class golf courses. Located where the Atlantic Ocean meets the Caribbean Sea and close to the equator the island enjoys a warm and sunny climate all year.
The luxury 5 star Merricks Beach Resort will be situated in a stunning cliff top position in the south east of Barbados on the ruggedly beautiful Atlantic coast and enjoys spectacular panoramas forged over millions of years by the powerful Atlantic Ocean's winds and waves. Located in the parish of St Philip, 4km north of The Crane and next to Sam Lord's Castle it's just 20 minutes from the Sir Grantley Adams International Airport.
The Merricks Beach Resort will be managed and maintained to the highest standard by world-class hotel company OASIS HOTELS & RESORTS. They are confident in providing the highest standards of quality, style and comfort for guests. The resort will also benefit from the efficiency of their global booking system and established online presence which will ensure maximum occupancy throughout the year.
The Merricks Beach Resort will become one of Barbados’s most luxurious, family-orientated 5 star resorts and will offer state-of-the-art accommodation and amenities including a world class spa. There is currently a shortage of this level of accommodation on the island.
Completion date
The resort is on schedule for completion by Christmas 2012.
