Buccament Bay, St Vincents

Buccament Bay summary

An outstanding off plan opportunity with guaranteed capital growth and a minimum of 2 years rental guarantee.

• 100% Finance Available
• 70 % Guaranteed Mortgage
• Two Year 10 % Rental Guarantee
• 50% net room rate share following rental guarantee
• 5 * Resort
• 30 days free personal use per year

Total investment property package

Entrance Strategy for Investors

• Exclusive developer funded deposit scheme
• Developer pays for the cost of borrowing the 30% deposit
• Reservation fee only £1000.00
• Reservation to Exchange only 45 days
• Free deposit raising assistance provided

Management Strategy on Completion

• Fully managed & maintained by 5* hotel company
• 2 year 10% guaranteed rental, followd by 50% net room rate share
• Fully furnished property
• 30 days personal use per year (excludes SIPP investors)
• Ongoing support from Ward & Co

Exit Strategy

• Sell your property with a documented, accounted and viable income stream
• Retain your property and benefit from the ongoing rental returns and continued capital growth

The property

There are several different property types available for you to choose from

• Studio Apartments
• One Bedroom Apartment
• Two Bedroom Apartment
• Two Bedroom Apartment with wrap-around balcony
• One Bedroom Semi Detached Cabana
• One Bedroom Deluxe Semi Detached Cabana
• Two Bedroom Semi Detached Cabana
• Two Bedroom Plantation House
• Three Bedroom Plantation House
• Four Bedroom Plantation House
• Waters Edge Two Bedroom Apartment with Jacuzzi
• Waters Edge Three Bedroom Penthouse Suite
• Island Sanctuary One Bedroom Spa Villa
• Island Sanctuary Two Bedroom Spa Villa

All property types come with a full luxury furniture pack which is in keeping with the style of the island, resort and the luxury nature of the resort.

The development

Buccament Bay Beach Resort will be St Vincent’s premier resort, the only five star accommodation on the entire island.

Buccament Bay Beach Resort will provide you with the perfect opportunity for investment offering potentially high rental yields and significant capital gains. In addition, your investment will offer you the opportunity to holiday on one of the worlds most desirable islands.

A limited number of Properties are still available with completion due July 2010. Buccament Bay Beach Resort offers the discerning investor an incredible opportunity to invest in a premier development. Visualise the crystal blue waters of the Caribbean lapping onto beaches of fine white sand all under the warmth of the golden sun. Then imagine relaxing in the lap of luxury at a five star resort on the stunning isle of St Vincent.

Buccament Bay Beach Resort will be St Vincent’s premier resort, the only five star accommodation on the entire island. Buccament Bay Beach Resort will provide you with the perfect opportunity for investment offering potentially high rental yields and significant capital gains. In addition, your investment will offer you the opportunity to holiday on one of the worlds most desirable islands.

Property is available now for completion in July - invest now and beat the April 2010 price increase.

The region

The island of St Vincent is an authentic and beautifully unspoilt tropical paradise. Blessed with rich, fertile soil the island is cloaked in lush, tropical rainforest where banana and coconut palms grow and is also home to the colourful St Vincent parrot. Crystal clear rivers and streams tumble down from the majestic mountainous peaks in the north of the island, forming spectacular waterfalls such as the Falls of Baleine which drop to a huge, rock-lined pool formed by the Falls. Trinity Falls descends in three cascades into a circular pool, then drops another ten feet into a second pool perfect for swimming. Dark View Falls in the forest-clad Richmond Valley on the North West of the island is actually two separate falls in step formation, an uncommon feature for one site, with elevations of up to 229 feet.

At the far north of the island is the Natural Salt Pond at Owia Bay, consisting of a huge bathing pool enclosed by lava peaks and ridges. The pounding waves of the Atlantic Ocean crash into this barrier and then gently cascade into the pool.

Secluded coves and fishing villages dot the coastline and diving sites abound in the turquoise waters surrounding these volcanic islands. The diving ranges from the gentle, even lazy, to the exhilarating. The deserted cays, rocks, sand bars and lagoons are teeming with sea-life and alive with colour. St. Vincent & The Grenadines is one of those all too rare, virtually undiscovered dive destinations and boasts an almost infinite selection of wall diving sites complete with pristine corals. SVG was awarded the 2006 “BEST DIVING ISLAND OF THE YEAR” from Caribbean World.

The Sailing in St Vincent and The Grenadines is some of the best in the Caribbean and the world. In 2005, for the second consecutive year, it was awarded the 2005 “BEST SAILING & YACHTING ISLAND OF THE YEAR” from Caribbean World. While at sea you may see dolphins and whales, six types of dolphin are found in Vincentian waters, including spinner, spotted, Fraser and bottlenose. Orcas and pilotwhales can also be observed.

St Vincent is an ex-British colony. Colonized in 1719 and fought over by France & UK for most of the 18th century until Britain claimed the island for England in 1783, it remained a British colony until internal autonomy was granted in 1969. It gained full independence in 1979 and maintains ties to the British Monarch represented in Barbados by the Governor General.

Investor data

Payment Plan - Example

• Day 1 - £1,000 reservation fee
• Day 45 - £50,000 balance of 30% deposit
• Developer will pay monthly payments on your UK deposit loan until completion

Build Payment Plan

• Stage payments of approx 7% paid on your behalf

Total Balance Due Upon Completion

• £119,000 – balance of contract price due
• £14,000 – deposit loan repayments made by the developer
• £11,900 – construction stage payment interest
• TOTAL £144,900

What you will need to pay back in total

• £144,900 completion balance due (see above)
• £50,000 UK based loan
• £1,000 reservation fee
• Total £195,900

Capital sum

At this point you now own a property that is worth £297,500 but only has a mortgage of £208,250 so you will have equity or a capital sum of £89,250 plus cashback of £12,350.

Annual Income

We shall use an average nightly room rate for this class of accommodation of just £300 per night and apply an occupancy level of just 70%. (Currently across the Caribbean , the average occupancy level for a 5-star Spa Resort is around 85% and the average room rates are closer to £500 per night).

Regardless of the above, during the first two years you will receive a guaranteed 10% of your initial purchase price as an annual return. Following the first two years you will receive a 50% share in the room rate achieved by the resort operator. The income will be distributed via a rental pool to ensure fair average income across the year to all similar property owners and is paid quarterly in arrears.