The DesTinaTion

Barbados is one of the most popular luxury holiday destinations in the world with breathtaking scenery, a wealth of chic restaurants and world-class golf courses. Barbados is located where the Caribbean sea meets the atlantic ocean and being close to the equator the island enjoys a warm and sunny climate all year round.

The loCaTion

In the south east of the island, the five-star Merricks Resort is situated on the ruggedly beautiful atlantic coast with spectacular panoramic views and stunning cliff top scenery forged over millions of years by the ocean’s winds and waves. Located in the parish of St Philip, 4km north of The Crane and next to Sam Lord’s Castle, the resort is 20 minutes from the sir Grantley adams international airport.

The Merricks Beach resorT, BarBadosPrices froM £95,000

The DeveLoPmenT

The Merricks Beach Resort will be managed and maintained to the highest standard by world-class hotel company oasis hotels and Resorts. They are confident in providing their guests with the highest standards of quality, style and comfort. The resort will also benefit from the efficiency of their global booking system and established online presence which will ensure maximum occupancy throughout the year.

norTh PoInT

The SPouT

BaThsheBa

holeTown

BRiDGeTown

GRanTley aDaMs InTernaTIonaL aIrPorT

The MeRRiCks BeaCh ResoRT

BreakDown of unIT

located within the beautifully landscaped gardens of The merricks, villas and apartments are constructed to the highest specifications, using the best quality local materials from sustainable sources to provide contemporary and spacious five-star living accommodation. all the villas and apartments are fully furnished with stylish, modern simplicity, featuring stone tiled floors and hand crafted Caribbean mahogany furniture.

TyPICaL fLoor PLanS

feaTureS anD amenITIeS

• The merricks’ reception provides a concierge service for guests to arrange restaurant and spa bookings, taxis, sightseeing tours and water sport activities.

• The sports academy offers expert cricket and tennis coaching for both adults and children.

• The harlequin Fitness Centre comprises of a full range of cardiovascular and physical training equipment.

• The island sanctuary spa has indoor and outdoor suites providing a range of massages, beauty treatments and holistic therapies.

• The merricks has several bars and restaurants offering guests a choice of cuisine, ranging from fine dining to casual eating while enjoying the stunning views.

• Several freshwater swimming pools, including a children’s pool, are situated within the gardens, all with a concierge service for drinks and snacks.

• The Piazza houses a café bar and restaurants as well as a collection of designer boutiques offering fashionable clothes, gifts and jewellery at tax free prices.

• all villas and apartments have interactive entertainment systems with a flat screen Tv, internet access, a telephone, a stereo, and a personal in-room safe.

• all villas have a private jacuzzi.

FinanCial BReakDown

• 70% guaranteed mortgage from completion.

• Two year 10% rental guarantee followed by 50% net room rate share.

• 30 days free use of property each year.

Purchasing off-plan property means you pay a price lower than the final value at completion. There will be several price rises during the build period which means you will see the value of your property increase over time. you can sell your property at any time after the exchange of contracts.

how To fInanCe a ProPerTy

• £1000 reservation fee* required for reservation of a specific property. 30% deposit must be payed within 45 days of making your reservation.

• 30% deposit of the purchase price*.

• on completion the developer will provide a 70% guaranteed lTV mortgage.

100% finance* available, i.e., developer will pay your monthly payment on the 30% deposit for duration of build

how To reServe a ProPerTy

1. your assigned property portfolio manager will contact you to discuss the deposit required and finance options.

2. a buyer’s pack will then be sent to you with full details of your reserved plot, including the development, location, size and floor plans, as well as finance agreements.

3. your Property Portfolio manager will keep you up to date with the progression until exchange has been completed.

InveSTmenT STruCTure

DeveLoPer (uk BaSeD)

one of the largest most trusted developers in the Caribbean.

hoTeL GrouP

experienced world class hotel company owner of 42 hotels worldwide. established presence with tour operators maximising on occupancy.

inVesToR

owner of freehold property with guaranteed return of 10% in a buoyant Caribbean market with high capital Growth.

InveSTmenT ParTnerS

• Developer• hotel Group• Investor

all 3 parties benefit from the commercial relationship created through the development.

The Investor will share in the profit generated from this multimillion pound 5 Star development and the infrastructure, management and marketing generated from the hotel group (who managed 5 star resorts all over the world)

inVesToR

hoTeL GrouPDeveLoPer

inCoMe

frequenTLy aSkeD queSTIonS

what guarantees do I have that the project or developer will not go under?

This land is fully owned by the developer. most developers that face bankruptcy do so due to the money they owe on the land.

how do I know my unit will be rented out?

The resort will be run and managed by oasis hotels and resorts who already run five separate five-star resorts across the Caribbean, as well as resorts in spain and Mexico. They are part of the Globalia Corporation, who own air europa.

what is the rental yield I can expect?

after the two years 10% rental guarantee you can expect yields of around 17-33%.

have the planning permission and other local permissions for the project been granted?

Full planning permission has been granted for Two rivers and Buccament Bay, while permission has been outlined for The Merricks, las Canas and the Marquis estate.

what is the buying process?

The buying process will be different depending on the island, although purchases will be dealt through the developer, based in the uk.

Property Clinic uk Ltd

Tel +44 (0)20 8240 4485 Fax +44 (0)20 8240 4486

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Central london Second floor, 145 - 157 St John Street, London eC1v 4Py

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