| Ref No. HRQ10160 > The Marquis Estate, St Marquis, North East St Lucia, Windward Islands, Caribbean. Overseas Investment Properties. |
Price: £
From £95,000
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| Property Type: | Apartment |
| Category: | |
| Location: | Beach |
| Region: | St Marquis |
| Status: | AVAILABLE |
| Bedrooms: | Studio |
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Studio Suites. The Marquis Estate, St Marquis, North East St Lucia, Windward Islands, Caribbean. Overseas Investment Properties. Inspired by a vision of luxury and elegance and intelligently designed by highly acclaimed architects to ensure environmental sustainability with uncompromising quality, The Marquis Estate will comprise a distinctive collection of bespoke estate villas uniquely positioned to take advantage of the natural beauty and scenic vistas afforded by this wonderful setting, luxury apartments and penthouses at the marina and hotel suites providing exclusivity and sophistication within a setting of natural beauty. Surrounded by lush tropical greenery, the properties will be meticulously designed and built using the very finest natural materials sourced from around the world. The properties will not only look stunning but will be beautifully furnished and equipped with luxuriously appointed bathrooms and a state-of-the-art interactive entertainment system. The gardens will be carefully landscaped to create a resort that embraces its exotic natural environment and is in harmony with nature, complementing the island's natural beauty and creating a gem within a gem.
Incentives:
· 100% Finance Available
· 70% Mortgages available
· Subject to status. Terms & conditions apply*
· Managed by 5* Hotel company
· Two years 10% rental GUARANTEED-followed by 50% net room rate share
· One 18 hole Signature golf course
· One 9 hole golf course and golf sports complex
· Two years free golf green fees
· 30 days free use per year
· Fully furnished
Financial Information:
· Purchasing Details/ Deposit
As well as providing you with an escape into paradise for 30 days each year, free of charge, The development offers a sound investment opportunity with the prospect of excellent long term returns, which includes a rental guarantee of 10% for the first two years followed by a 50/50 room share rate with a 5* Hotel chain.
· Legal Costs
Exchanging off plan contracts are free. Fee for registering title deed is 0.5 - 1%(can be added to the mortgage balance)
· Mortgage Info.
Guaranteed and non-status. Maximum of 70% LTV.
· Taxation
St Vincent & Dominican Republic tax free. Barbados has a tax treaty with the UK.
· Inspection trips
St Vincent we have an incentive of a free viewing trip if you buy a cabana. All other sites we can organize at cost (ie flights / hotel) and then a representative can show you around.
Finance Options
Clients are required to provide 30% deposit for exchange. Clients can either:
A/ Pay this in cash or B/ Borrow the deposit via either remortgage or secured loan which the developer will maintain the payments meaning there are no outgoings until completion.
The remaining 70% is by way of guaranteed mortgage.
Notes:Cash purchasers
The developer is willing to offer a contribution of 6% interest per annum to cover lost interest.
Deposit Finance
The developer will help clients raise funding for their deposit.
Example - £1000 non refundable reservation fee required of a specific property. 30% deposit required (less £1000) within 45 days of reservation. Should you choose to borrow the 30% deposit, the developer will pay the loan repayments including interest, for the 30% deposit until completion of the specific unit you have reserved. These payments will then be added to the purchase price upon completion. Example (£): Property price £200,000. £1,000 reservation fee paid. The deposit = £200,000 x 30% = £60,000 -£1,000 (reservation fee) = £59,000. Interest on £59,000 @ 6% p.a. = £295 per month, paid for 24 months by the developer = £7,080 added to the purchase price upon completion.
Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is anticipated that the £200,000 purchase price will have grown to a property value at completion of circa £325,000. At this point a 70% loan to value guaranteed mortgage is available and therefore you will be able to borrow up to £227,500. This is clearly ample to pay for the £199,000 (purchase price less £1,000 reservation fee) that you owe as the accrued interest of £7,080 from the above example. Assuming you borrow the maximum loan to value mortgage, available from the example above, you would borrow £227,500 on which the annual interest payment would be £18,200 based on a rate of 8%. The rental guarantee of 10% of the purchase price of £200,000 will generate you an income of £20,000 each year, should cover your mortgage payments. If you wish you could retain the £59,000 loan you took out for the deposit, pay the interest yourself each month, from completion onwards, and use the money to invest in a further investment property purchase. We are able to offer this scheme on clients raising their deposit funding against a non - UK address. However clients need to take responsibility for organizing this lending.
Subject to status and conditions apply- please contact us for further information. If cases where the developer is unable to obtain finance for you, they will be prepared to refund the £1,000 reservation fee.
Property Details
Area Description
The Marquis Estate is situated amongst some of the Caribbean’s most attractive landscape on the stunning northeast coast of St Lucia and occupies a breathtaking 500 acre site in a wide lush, tropical valley that sweeps majestically down to one of the most beautiful beaches in St Lucia, the Marquis Bay, where with pristine white sands meet clear, turquoise waters that are perfect for scuba diving and snorkelling. Originally the site of an 18th century sugar mill and more recently a banana plantation, the estate is resplendent with native fruit trees including mango, papaya, coconut, avocado, breadfruit, star fruit, plum and coffee. Tall flame flowers, orchids, jasmine, bougainvillea, oleander and hibiscus explode with colour and the bright red flamboyant tree attracts tiny iridescent humming birds. An estate of this individuality requires considerable care to leave this piece of land better than it is. The developer plans to do this by ensuring the indigenous population’s involvement and the protection of the wildlife and existing ecosystems to create a new legacy.
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Click here to bookmark Ref No. HRQ10160 - The Marquis Estate, St Marquis, North East St Lucia, Windward Islands, Caribbean. Overseas Investment Properties.
Disclaimer: Property Winners Ltd does not accept any responsibility for any errors or inaccuracies in the above property or financing information, details of which have been supplied by a third party. You should ensure that either you or your legal representative has suitably checked all relevant information before committing to purchase a property.
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