Ward&Co. Property investment specialists

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, followed by 50% room rate share
• Fully furnished property
• 30 days personal use per year
• 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

 

 

• Palmetto Bay suites
• Studio Suites
• 1 Bedroom apartments
• 2 Bedroom apartments
• Cabanas & Plantation houses
• Exclusive clifftop villas

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.

The Resort has several bars and restaurants which offer guests a choice of cuisine, with terraces and gardens providing relaxing, shaded areas to enjoy cocktails and casual dining by day and night.

The Island Sanctuary Spa has indoor and outdoor treatment suites providing a range of massages, beauty treatments and holistic therapies, as well as yoga, Pilates, Reiki and meditation.

The Merricks shopping mall is a small collection of boutiques offering a choice of fashions, gifts and jewellery. In most shops you have the opportunity to make your purchase at tax-free prices.

Located within the lush tropical gardens the resort will be constructed to the highest specification with colonial-style architecture with elegant living accommodation, air conditioning and a private balcony many with views along the stunning east coast and across the Atlantic Ocean.

 

The shopping in Barbados lives up to its reputation as a duty-free haven. The island has many great deals on offer. Luxury goods are in abundance; china, leather, jewellery, perfume, and crystal - all available for up to 40% less than would be found in the UK . Bridgetown offers the most choice and is the best area for duty-free shopping. Broad Street is the place savvy shoppers usually hits first - with several malls and endless boutiques it is difficult to imagine not finding something of interest for every shopping taste. Also Look for the West Coast Mall for duty-free buys in the Holetown area. However, Barbados shopping is not uniquely dedicated to duty-free. Exclusive local handicrafts can also be purchased in shops all over the island, especially in Bridgetown and Christchurch .

 

 

St Philip is the largest parish on the island but with less than half the population of busy Christchurch . The parish has a different feel from its more touristy neighbour with no crowds, far less development and a general sense of isolation. The coastline here is rugged with only a handful of white-sand beaches divided from each other by long cliffs and rocky outcrops. The South Coast is a curious mixture of the Caribbean Sea and the Atlantic Ocean . This coast is more lively than the West Coast but calmer than the East or North, so you have a happy medium.

 

• Day 1 - £1,000 reservation fee  
• Day 45 - £59,000 balance of deposit (loan payments to be met by developer)   

Costs on Completion  

• 70% of original purchase price  £140,000  
• UK based loan for deposit £59,000  
• Reservation fee of  £1,000  
• Interest on deposit loan payments circa £16,520  
• Construction interest payments circa £16,000  
• Total mortgage required £232,520    

• 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.  

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.