- Spectacular sea and rainforest views
- Prime location in secluded bay
- 200m white sandy beach
- Luxury Caribbean living
- Substantial capital appreciation
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“Few resorts on Grenada compare to the quality and opulence of Bacolet Bay. However with the few five star luxurious resorts that do exist on the island, at almost half the price of its competitors, Bacolet Bay represents incredible value for money.”
Location
Located in the region of St. David’s on the south coast of Grenada, just 20 minutes from the international airport, Bacolet Bay is ideally situated for many of Grenada’s attractions whilst also being in a prime location for privacy and for taking in some of the most spectacular sea and rainforest views in the world. With 41 acres of tropical gardens, a 200m white sand beach and a secluded bay, Bacolet Bay is an investment opportunity not to be missed.
There are currently six direct flights to Grenada departing every week from UK airports, and with return tickets costing as little as £360, getting there couldn't be easier.
With a very low build density, just 12% (which equates to just 5 properties per acre), the resort comprises chic garden apartments and luxury private villas tiered into the hillside to ensure scenic sea and mountain views. Every property has a private pool and all are built to the highest specification and most luxurious Caribbean design.
Why Buy?
There are a number of select luxury investment property developments on Grenada, ranging from boutique style to the well known and lavish examples such as Four Seasons. Bacolet Bay will be a superb example of luxury Caribbean living, completed and managed to the highest standard. Few resorts on the island will compare. Investing in Bacolet Bay at this off-plan stage allows you to benefit from substantial discounts on your overseas property and yet enjoy the same luxuries on completion. The comparables on this page detail just how much of a discount you will receive, but also show by comparison the expected end values of your investment property and therefore the profit that you can achieve by completion.
| Development | Price per ft2 (Average internal) |
|---|---|
| Bacolet Bay | $460 |
| The Residences | $750 |
| Mount Cinnamon | $765 |
| Prickly Bay | $849 |
| Port Louis | $950 |
| Four Seasons | $1,600 |
Rentals
Bacolet Bay is set to become one of the leading resort destinations in the Caribbean, featuring world-class facilities, outstanding accommodation and luxurious service. All these factors will combine with the sales and marketing expertise of the hotel operator to ensure that properties are let at the highest possible room rates and that the resort achieves the highest possible occupancy rates. Property buyers are required to sign a long term lease (20 years +) with the resort operator who will then manage the property as hotel accommodation, letting it on a nightly basis.
The figures below show an average of the return estimates provided by three experts including the Resort Operator, Cushman & Wakefield and another UK based resort consultancy. We therefore believe that the net return figures are realistic yet conservative, specifically in relation to room rates when compared against competitor resorts. It should be noted that these figures are based upon estimates for the first year of stabilised operation.
With mortgages in Grenada typically offered at 70% loan to value and available in either East Caribbean or United States Dollars, an investment in Bacolet Bay can be fully leveraged and not only remain cash flow positive, but do so at a substantial level.
| Unit type | Average Unit Price (US$) | Average Room Rates | Owners Income (est. 72% occupancy) |
Maintenance fee | Owner’s Net Income | Yield |
|---|---|---|---|---|---|---|
| Hotel Cottage | $430,000 | $628 | $65,940 | $4,300 | $61,640 | 14.3% |
| 1 Bed Villa | $605,000 |
$458 | $80,150 | $6,900 | $73,250 | 12.1% |
| 2 Bed Apartment | $575,000 | $560 | $78,400 | $6,210 | $72,190 | 12.6% |
| 2 Bedroom Villa | $1,062,500 | $765 | $133,875 | $13,580 | $120,295 | 11.3% |