Mclaren - Property Abroad

The Merricks Hotel, Spa and Residence, Barbados

Comprising of Studios, 1 & 2 bedroom apartments, clifftop villas and cabanas.

The benefit of buying one of these prestigious homes is that they have the full use of the facilities of the 5 star Merricks Hotel and Spa, which includes swimming pools, tennis courts, etc., ideally located with its own beach and cliff top location in the stunning south east area of Barbados with only a 15 minute car journey to the International Airport. There are many flights daily from all over the UK, which include British Airways and Virgin from Gatwick, Manchester with BMI as well as Virgin, and now many charter flight companies.

• Two year 10% rental guarantee followed by 50% net room rate share
• 30 days free use per year
• 70% guaranteed mortgage
• 5 Star Hotel management company
• 100% finance available*
• £1000 deposit - nothing else to pay until completion

This is an excellent opportunity to invest in a brand new property in barbados with only £1000 required. See the example process below:

• £1000 non-refundable reservation fee required for reservation 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 (Sterling): Property price £200,000. £1000 reservation fee paid. The deposit = £200,000 x 30% = £60,000 - £1000 (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.
  Example (US Dollar): Property price $370,000. $2000 reservation fee paid. The deposit = $370,000 x 30% = $111,000 - $2000 (reservation fee) = $109,000. Interest on $109,000 @ 6% p.a. = $545 per month, paid for 24 months by the developer = $13,080 added to the purchase price upon completion.