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Beachfront villas for sale in our Resort Community |
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Caribbean Beachfront Villas for sale in Villa Beach Resort and Spa. Gorgeous ocean and beach views. Imagine your own resort villa... Relax in the Jacuzzi, enjoy nice ocean and beach views from your own property in Grenada, Reside in this great affordable resort community or enjoy the highest return on investment. Or both! Very low property tax. Grenada is a tax haven; has no income taxes for the property income. One of the best retirement investment plans on one of the most beautiful unspoiled paradises with low crime and friendly folks. And… almost no mosquitoes and a constannt refreshing breeze at our side of the island! Beautiful appointed villas The beachfront suites feature a large bedroom, small living with sofa (bed), small, complete kitchen, make-up table, a large double access bathroom and large verandah with gorgeous ocean and beach views. Adjacent is a large bedroom + bathroom, separated by a door on the oversized verandah for optimal privacy. The villas are therefore ideal for both families and couples, sharing a villa, but with ample privacy. Use your villa for your family, friends or let us do the rentals. The villas range from US$ 258,000 to US$ 294,000 depending on A/C’s, Jacuzzis and location/view. The resort has ample parking spaces, very close (but not at) the villas, except Villa 8, that has a parking space next to the entrance and a easy, level access to the villa. Villas 1, 2, 3, 4 and 9 have 2 split system air conditioners and 2 Jacuzzis on the verandas. This video show you the views from each villa’s, first looking to the left, then forward and then right from the veranda: http://www.youtube.com/watch?v=sqdjYqdaD-k On request, a third bedroom and bathroom can be added in the basement for an estimated cost of US$ 35,000. However, we do not wish to do construction when there are many guests in the resort. As September and October are the traditional quiet months for tourists, this would be the right time to perform any alterations. Low maintenance cost, security and utility cost Owners of a second home are concerned about maintenance costs, which often run out of hand. Not at Paradise Bay! You may choose to let the maintenance perform by us, which currently costs US$ 1,950 per year plus a surcharge for units with air conditioning and Jacuzzis of US$ 425 per year. Maintenance covers repair and replacement of normal wear equipment components and landscaping, but not upgrades and replacements. Maintenance by the hotel is optional. The total cost of shared security, water, sewage, waste disposal and administration is only US$ 232.50 per month plus electricity (base: December 2007). When you/family/friends are not at your villa for a month or longer and do not rent the villa to the resort, this fee is reduced to US$ 88.50 per month or part thereof. Our wind energy at US$ 0.27 per kWh is currently about 15% cheaper than electricity from the mains. With rising oil prices the savings will increase substantially over time. The electricity can be charged at a fixed rate or individually metered, depending on the owners preferences. In case the windmill is not operational the electricity company cost will be charged. All these costs will only be increased when actual cost goes up and will be documented in detail. It’s not a profit centre! Renting out during absence. We offer the option to rent out the villas during your absence to the resort. The ROI is 10% of the investment, based upon 65% occupancy (average per year for all villas) and 100% availability to the resort. When the actual yearly hotel occupancy differs, the ROI will be corrected. When owners stay for the months December and April, 1.5% is deducted, for January, March and April 1% and the other months 0.5%. An owner stay in a part of the month is deducted pro rata. An exception is the 2 week Christmas holiday (Saturday before Christmas until Saturday after New Year) that is counted at a flat 0.9%. If owners decide to occupy only a part of the villa, then the suite will count as 60% and the room as 40%. Example: The actual occupancy is 58.5% and the owner (or friends, family) stays at the resort in May, June and November. The corrected yield is 9% minus 1.5% for the owner stay is 7.5% payable in February after the calendar year. A great investment and cheap holidays While the occupancy in the first few years is expected to be lower, after the resort is well established it is very well possible that the yield will be higher. But the most important investment consideration is the increase in value. Grenada is sharply rising as a second home destination; there are several new developments under construction, including major ones by Peter de Savary, a well known British investor. Very recently this has already led to price increases. Clearly, the major reason for investing is the increase in value, followed by the yield and very cheap holidays: owner stay starting at less than 300$ per week for a room including full hotel services, use of the resort’s facilities, Internet as outlined below. Gorgeous Nature Nature is gorgeous and varied, right at your doorstep amidst a thousands acres nature park. Forest trail hikes or easy walks along beach and ocean, you can walk for hours and just meet fishermen. Feel one with nature and enjoy majestic views. Swim in the many island waterfalls, visit fruit, nutmeg and cocoa plantations and enjoy contact with the friendly locals. Our tropical island paradise offers rain forests, crater lakes, mangroves and idyllic Robinson Crusoe beaches. Please check these links to video’s: Hike Mt Carmel: http://www.youtube.com/watch?v=fSaFVUcK4JA Walk Marlmount: http://www.youtube.com/watch?v=PkpmsibCyPM Hike Mt. Williams: http://www.youtube.com/watch?v=Y-BhQm1ETLU Infrastructure & location With a large US owned university, a growing ex-pat population and being a major cruise destination, Grenada is a prime choice, confirmed by major projects recently started. The roads are comparatively good and availability of Western food and drinks is excellent and there are tax free shops. In addition to the recently completely renovated hospital there is a private high standard hospital. While laid back as the Caribbean is, this paradise is very OK to live a comfortable life. Paradise Bay is located on the South East (Atlantic) coast of the island. To Grenville (North) 15-20 minutes by car. To St George’s 30-35 minutes. To Point Salines airport 35-40 minutes. Shuttles and very affordable buses are available. Local shopping is very basic; more choice and markets are in Grenville. St George’s has a big supermarket aimed at ex-pats. A good option is to use the resort’s shopping service. Luxurious and tax free shopping is at the Explanade Mail at the new cruise terminal. Many expats combine visits abroad with “big shopping” Resort facilities Villa owners can make free use of soon teo be opened pool/Jacuzzi and the snooker room. High speed internet will be available for just $ 29 per month which also opens the door to free or very low cost VOIP phone calls all over the world. A major advantage to have a villa in our resort community is that you can choose which facilities and how often you wish to use -and- at a great special price for owners. So if you want enjoy a 60 minute Swedish full body aromatherapy massage for $18 or a lunch including drinks for $ 15. And when you chose to cook yourself it is good to know that the resort has its own organic vegetable garden and offers a convenient and affordable shopping service. You get great discounts for the resort's gym, ocean kayaks, soon to be opened tennis court and (outside the resort) 9 course golf, scuba diving, catamaran sailing and whale/dolphin watching. If you want you can use the maid, laundry or shopping services at affordable prices. But without any obligation whatsoever. Here are the most important options:
Note: the $ 28 per day room charge is convenient for short owner/friend/family stays with full hotel service, but is optional. Title and Appreciation When you decide to buy a villa, you will have full title on the villa and grounds around the villa, while you have the non-revocable contractual right to use the access road. You can sell the villa transferring these rights to the new owner. Grenada is a rising star for second homes in the Caribbean, especially in the luxury category. Prominent investors like Peter de Savary are building high end resort communities. Our villas are priced to sell. It is the right moment to buy now! Paradise Bay is an affordable choice with a well thought over concept and reasonable operational costs. Evaluation visit The proof of the pudding is the eating… Consider an evaluation visit! We charge a special price of 149 US$ (+tax/service) per person per night for Super-Inclusive stay! Included: best accommodation upon reservation; served to table breakfast, lunch and dinners, unlimited drinks, an island tour including visit to cultural highlight Fish Friday, and your choice of activities: golf (green fee 9 hole), a Catamaran cruise including snorkeling, whale and dolphin watching tour, diving, horseback riding, hiking and massage as well as the use of the resort’s facilities. We recommend coming at least a week to get to know the place! General information To own a property in Grenada you need: · Alien Land Holding License - In order to own property or land in Grenada, 10% of the purchase price must be paid to the Government of Grenada once the license is granted. It generally takes about three (3) months to obtain the License. The final transfer of the property takes place upon availability of the license. The license gives residency rights. · The attorney representing you will require the following documents in order to apply for the License on your behalf:- · Stamp Duty is generally 1% of the agreed purchase price. · Legal fees are generally 2% of the agreed purchase price. If you wish to sell the house in the future, you would need to pay 15% land transfer tax if alien, and 5% if Grenadian. If you live in Grenada for more than 7 years, you can apply for citizenship. When you become a Grenadian, you do not need to give up your current nationality. There is no exchange of information with foreign governments; Grenada is a tax haven. Grenada is a stable independent state, but part of the British Commonwealth, which brings a legal system and supervision of a Governor General. More information on the Government of Grenada can be obtained at http://www.gov.gd/ Citizens from Canada, USA, Commonwealth and most Western countries are exempt from visas and can stay in Grenada for up to 3 month,after which 3 month extensions can be obtained at Immigration, (http://www.grenadaconsulate.com/VISA_EXEMPT.htm). Work permits are required for all non Grenadian citizens and can be obtained from the Ministry of Labour, (Ministerial Complex, Third Floor, Tel: (1-473) 440-2532; Fax: 440-4923) and are issued for a period of one year. Generally, work permits will only be granted to qualified investors and for professions where Grenadians are not (sufficiently) available. Flights Air Jamaica operates direct flights from New York and Montego Bay as well as semi-direct flights from Miami and Fort Lauderdale. American Airlines flies daily via San Juan. Air Canada operates a seasonal flight from Toronto. British Airways, Virgin Atlantic and Air Excel fly direct from London Gatwick with connections to Europe. Condor flies direct from Frankfurt; connections to Germany. Many airlines additionally have indirect flights, mainly via Barbados with connections via local airline LIAT, who operates inter-island flights within the Eastern Caribbean. There are seasonal charter flights. Generally, flights are cheap in the low season, while it is recommended to book early for Christmas and August as many Grenadians living abroad come to visit. Why Grenada: It’s one of the most beautiful, unspoiled islands in the Caribbean with great beaches, rainforests, friendly people, stable political climate, very low crime and a comparatively well developed infrastructure. Nice weather all year!. Why Paradise Bay: We’re more affordable than other resort communities, have good –and more flexible- facilities and infrastructure, lower maintenance and operational costs. We’re better than zero carbon, nominated for several awards for sustainable tourism. Those who love gorgeous nature and great views couldn’t find a better place. And we offer options to rent during absence, have shared security and no management & overhead fees. Owners can stay at comparable costs as an outside house, but with the comfort of security and facilities and a second to none maintenance service; giving peace of mind and let owners concentrate on having a good time. Flanked by two beaches we are close to a nice village. What to expect and what not to expect: If you look for a safe, beautiful and spacious place to live, you will love it here. If formal service, luxury or nightlife is an important part of your lifestyle you may be disappointed; we’d like to be clear on that. We recommend doing your big shopping sprees abroad; Air Jamaica has regular specials to shopper’s haven Miami. Call now 1-473-405-8888 or write to jamespost@spiceisle.com and check out our website: www.paradisebayresort.net Villa prices (excluding legal fees and government tax as outlined above)
The resort is located at the Atlantic side with very little mosquitoes and fascinating ocean views. |
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