The highly anticipated multi-million dollar Buccament Bay Resort on the island of St. Vincent has progressed ahead of its summer launch.
In the latest update which was published on March 4, 2010, the expansive property which sits on what is considered one of the most beautiful pieces of land in the island appears to be ahead of the 3 July 2010 launch date.
A wide section of residences, apartments, cabañas and villas nearing completion and the pool area one step closer to completion as the base has recently been laid.
Such progress on the property should be great news to Harlequin UK investors as some of them in late 2009, expressed some measure of concern about placing major investment with Dave Ames the Chairman of Harlequin Resort and Property since 2007 and had yet to see major progress at that time.
According to the price list for the development, the prices range from a start price of £ 180,000 for ground floor studio apartments, while two bedroom spa villas have a price tag of £ 1,210,000. Furthermore the price list guide also highlights conditions and terms under which buying at Buccament Bay come with. It is indicated, that all units come fully furnished and are freehold properties with a 100 per cent finance is available but subject to status.
The price list guide also explains that all potential investors or buyers need is is £1,000 reservation fee as the developer pays the monthly repayment on the loan for the 30% deposit up to completion. Additionally a 70% developer loan will be available on completion this would be subject to financing. It also highlighted 30 days free use per year (excludes SIPP investors) is available.
Two year 10% rental guarantee followed by 50% net room rate share
Properties are suitable for SIPP investment.
The resort is located on the southwest coast of St Vincent, and is conveniently situated with only a 15 minute drive from both the existing and proposed airports. The wide bay enjoys the calm waters of the Caribbean Sea and is an ideal location for snorkeling and diving.
