Buccament bay resort

Buccament Bay Resort

Beauty

No Capital Gains tax
Off plan finance available
No income tax for twenty years
Guaranteed 10% rental return for five years

Overseas Dreams are delighted to announce the opening of the 'Buccament Bay' resort in the exclusive and unspoilt Caribbean island of St Vincent.

Not only does this complex offer a beautiful home in paradise,
It also offers one of the finest investment opportunities in recent years with prices a quarter of those in neighbouring St Lucia and Barbados.

Join the millionaire set, from only £150,000

St Vincent is a stunningly beautiful Caribbean country that has remained largely unspoilt from the ravages of tourism. Up until recently, there has not been a major international airport on the island and country has been able to remain an exclusive and relatively undiscovered jewel of the Caribbean.

Historically, St Vincent has been an agricultural nation, with bananas as its main. However, having recently lost its subsidies for banana production, the country is now looking for new income streams, with tourism being the obvious next step considering the incredible popularity of its neighbours.

Character

The whole complex will be run as a hotel, much as the famous 'Plantation Beach' in St Lucia. This provides an excellent investment opportunity and the fulfilment of a lifelong dream to own property in the Caribbean.

Due to St Vincent being a volcanic island. The sand is currently volcanic but the finest white sand is being imported from Guyana to replace the existing beach.

Facilities

Hotel complex
Front-line, white sandy beach
Three pools
Three restaurants
Waterfront Bar
Two further bars
Children's play area
Two tennis courts
Indoor squash courts
Three Spas
Water features within the landscaped grounds
Gym
Sauna
Casino

RENTAL

The developer is offering a guaranteed 10% rental return per annum - net of all management fees - based on the purchase price for the first five years.

GOVERNMENT INCENTIVES

Due to the development being government backed, there are no capital gains tax to pay in St Vincent and no income tax to pay for the first 20 years!

FURNISHING

Artist impression of furnishings for a one bedroom 900 Cabana

Investing
Buccament Bay Resort

Beauty No Capital Gains tax Off plan finance available No income tax for twenty years Guaranteed 10% rental return for five years Overseas Dreams are delighted to announce the opening of the 'Buccament Bay' resort in the exclusive and unspoilt Caribbean island of St Vincent. Not only does this complex offer a beautiful home in paradise, It also offers one of the finest investment opportunities in recent years with prices a quarter of those in neighbouring St Lucia and Barbados. Join the millionaire set, from only £150,000 St Vincent is a stunningly beautiful Caribbean country that has remained largely unspoilt from the ravages of tourism. Up until recently, there has not been a major international airport on the island and country has been able to remain an exclusive and relatively undiscovered jewel of the Caribbean. Historically, St Vincent has been an agricultural nation, with bananas as its main. However, having recently lost its subsidies for banana production, the country is now looking for new income streams, with tourism being the obvious next step considering the incredible popularity of its neighbours.

Peace A new International airport, which is scheduled for completion in 2011 and the English Cricket team playing their warm up games on the island during the 2007 Caribbean World Cup have fuelled an interest in St Vincent and as such the government have spearheaded this ambitious and remarkable project. There is no capital gains tax in St Vincent and due to the government initiative to increase tourism on the island, there will be no income tax due on profits for twenty years from completion.

Tranquillity 'Buccament Bay Resort' will nestle in the beautiful bay of the same name. The resort is superbly positioned on the Western coast with the existing Airport at Kingstown an approximate 20 minute drive with flights from Barbados, Antigua, Grenada, St Lucia and Tobago. The proposed Airport at Argyle to the south east will be a further 60 minute drive. This will then make the island’s airport facilities similar to that of St Lucia. . Experienced Caribbean lovers will be aware that on neighbouring islands, West coast properties command a substantial premium as they boast the quieter, more sedate waters of the Caribbean sea as opposed to the Atlantic. The Western coast of St Vincent is no stranger to having it's beauty portrayed on film, the Disney film 'Pirates of the Caribbean' was shot in the next bay along from Buccament Bay and the two sequels are currently being shot on the island. Both films are due for release later this year. St Vincent will undoubtedly benefit from a greater public awareness with these major releases. The finished resort will have a mixture of properties, from studio apartments to four bedroom villas residing in their own landscaped grounds. Facilities will include a gymnasium, full hotel facilities, pools, spa and casino.

Lifestyle The completion of the resort is scheduled for 2008 and will consist of 160 one and two bedroom Cabanas (Villas) including eight plantation houses, all with their own plunge pools and veranda. The resort will also have two apartment buildings, and owners in building 2 can choose not to enter their properties into the rental pool and use them all year round. An 18 hole golf course is planned just 10 minutes away and there are plans for the renovation of the existing golf course behind Buccament Bay
Plans Please click here to view a larger version of the plans (including numbering)
Apartments

All apartments will be supplied fully furnished to a standard fitting of their expected five star status. Each apartment comes with a guaranteed 10% rental return per annum for five years. Owners will have full freehold ownership and can use their property for up to one month within a year. Owners in building 2 can opt not to enter their apartment into the rental pool. The property will then be available for use all year round but will not be entitled to the guaranteed rental return. There is also the option for apartments in building to be supplied unfurnished. There are a range of apartments being constructed throughout the development. Each type is detailed below.All apartments on the top three floors will have guaranteed sea views.
Building Plan


Cabanas

All Cabanas will be supplied fully furnished to a standard fitting of their expected five star status. Each Cabana comes with a guaranteed 10% rental return per annum for five years. Owners will have full freehold ownership and can use their property for up to one month within a year. There are four types of Cabana throughout the development. Each type is detailed below.

Character The whole complex will be run as a hotel, much as the famous 'Plantation Beach' in St Lucia. This provides an excellent investment opportunity and the fulfilment of a lifelong dream to own property in the Caribbean. Due to St Vincent being a volcanic island. The sand is currently volcanic but the finest white sand is being imported from Guyana to replace the existing beach. Facilities Hotel complex Front-line, white sandy beach Three pools Three restaurants Waterfront Bar Two further bars Children's play area Two tennis courts Indoor squash courts Three Spas Water features within the landscaped grounds Gym Sauna Casino

RENTAL The developer is offering a guaranteed 10% rental return per annum - net of all management fees - based on the purchase price for the first five years. GOVERNMENT INCENTIVES Due to the development being government backed, there are no capital gains tax to pay in St Vincent and no income tax to pay for the first 20 years! FURNISHING

Artist impression of furnishings for a one bedroom 900 Cabana
All properties will come fully furnished (unless the client does not wish the property to be entered into the rental scheme) to a standard expected of a five star resort. The furnishings are being managed by the same team who furnished Sandy Lane and the Colony Club in Barbados and 'Le Sport' in St Lucia. PAYMENT £1000 reservation fee will hold the apartment for 15 days (subject to negotiation), whilst client carries out viewing trip and/or checks out the contract. 10% deposit upon signing contract. The rest of the payments will be paid on build stage of the resort Finance (including stage payments) can be arranged up to 70% of the value of the property subject to status FINANCE An attractive finance packages is available through the developer via the Royal bank of Trinidad and Tobago. The finance is available for up to 70% loan to value and can be taken out for a term of between 5 to 20 years. The interest rate is in line with Caribbean interest rates and is currently 8%, however further benefits of the product is that it is relatively low status. After the client has paid 30%, the bank will lend the stage payment on their behalf.