Las Canas Boutique Beach Resort | Dominican Republic

Las Canas is an exclusive “boutique” resort positioned in the north of the Dominican Republic about 25 minutes from the international airport in Puerto Plata close to the small town of Sosua. The resort is situated in a quiet undeveloped area which will offer total seclusion for those looking for a romantic destination.

This luxury development will be grouped into a luxury 5 Star Boutique Beach Resort hosting no more than 150 units set in a sea front location directly on its own palm fringed beach.

The development will comprise of Studio, 1 and 2 bedroom Apartment Suites, Luxury Penthouse Suites, 1 and 2 bedroom Cabanas and 2, 3 and 4 bedroom Plantation houses. All apartments and suites have open balconies with stunning sea views and large communal swimming pools. Each Cabana unit has an open terrace and private plunge pools where residents can relax with the cool sea breeze and enjoy the all year round fantastic weather in the Dominican Republic.

All units will be finished to the highest specification and units come fully furnished to the highest standards. The furnishings team for the Las Canas Beach Resort have previously furnished Sandy Lane and the Colony Club in Barbados, as well as ‘Le Sport’ in St. Lucia.

All properties are offered with full freehold title. Owners are entitled to a months free occupancy every year, in addition to the guaranteed rental return of 10% per annum for the first 2 years followed by 50/50 room rate share.

There is no restriction on selling your unit before completion. The Dominican Republic is becoming of the most popular location for British, American and Eastern European tourists and buyers. There is no Stamp Duty, Capital Gains Tax, or Income Taxes payable which makes Dominican Republic an even more attractive prospect for real estate investment.

Buyers at Las Canas Beach Resort will see a rapid increase in equity during the 2 year construction period and capitalise on increasing equity growth expected within the next 4 to 5 years.

The payment schedule means that investors only require 30% initial deposit with no further funds down from the investor until completion. 70% LTV Mortgage Available and investors have the ability to finance their investment up to 100% (subject to conditions). Completion Due late 2008/early 2009.

Prices from £115,000

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Site Visit Photos 24/06/07

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