Las Canas , Dominican Republic,
Entrance Strategy for Investors
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Exclusive developer funded deposit scheme
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Developer pays for the cost of borrowing the 30% deposit
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Reservation fee only £1000.00
- Reservation to Exchange only 45 days
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Free deposit raising assistance provided
Management Strategy on Completion
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Fully managed & maintained by 5* hotel company
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2 year 10% guaranteed rental, followed by 50% room rate share
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Fully furnished property
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30 days personal use per year
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Ongoing support from Ward & Co
Exit Strategy
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Sell your property with a documented, accounted and viable income stream
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Retain your property and benefit from the ongoing rental returns and continued capital growth.
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Studio apartments
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One bedroom apartment
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Two bedroom apartment
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Two bedroom apartment with wrap-around balcony
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Beachside villas
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Over water bungalows
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 content and specification will be confirmed closer to the opening of the resort.
We are proud to introduce a five star resort development on the beautiful Island of the Dominican Republic. Set amongst land directly on the beach, all units will be built within a lush, tropical landscape surrounded by hundreds of palm trees. This site is, without question, a stunning location. Studios, apartments, detached and semi detached villas to luxury private Spa villas; all available at off plan prices. The Las Canas resort offers the astute investor a chance to reap the benefits of high rental yields.
Property in the
The Dominican Republic occupies the Eastern two-thirds of the island Hispaniola and is situated between the Caribbean Sea and the North Atlantic Ocean, bordering east Haiti. The capital Santo Domingo is the New World's oldest capital and contains many colonial buildings which have been carefully restored to retain their original charm. There are many fine examples of 16th century Spanish architecture and many fascinating structures that have survived for over 500 years.
The Amber Coast, along the northern coast of the island, is named for the rich deposits of amber, found in the hills near the 75 mile stretch of beautiful beaches east of Puerto Plata. The white sandy beaches, impressive mountain ranges, spectacular rivers, waterfalls and exotic wildlife are just the beginning of the Dominican Republic's exotic beauty. Puerto Plata is the largest city of the Northern region and a tourism Mecca of the Dominican Republic. It's a popular destination for tourists who are seeking a relaxing, affordable holiday with the option of a lot of places to visit in the vicinity. 3 miles west of Puerto Plata in Corfresi, is a new full service marina which opened in January 2007; the marina is adjacent to Ocean World Adventure Park, the newest and largest marine park attraction in the Caribbean.
Deposit Payment Plan for cash purchase (based on an apartment of £200,000)
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Day 1 – £1,000 reservation fee
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Day 15 – 10% less reservation fee = £19,000
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Day 45 – 20% = £40,000
Deposit Payment Plan for deposit funding assistance (based on an apartment of £200,000)
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Day 1 - £1,000 reservation fee
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Day 45 - £59,000 balance of deposit (loan payments to be met by developer)
Costs on Completion
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70% of original purchase price £140,000
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UK based loan for deposit £59,000
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Reservation fee of £1,000
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Interest on deposit loan payments circa £16,520
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Construction interest payments circa £16,000
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Total mortgage required £232,520
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At this point you now own a property that is worth £350,000 but only has a mortgage of £232,520, (66% loan to value), and will have remaining equity or a capital sum of £117,480.
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.
