Merricks Beach Resort & Residence | Barbados

Ideally located on the south east coast of Barbados, in the quaint parish of St Philip will be Merricks Beach Resort & Residence, a luxury residential and tourist development set in 70 acres of unspoilt coastal land at Palmetto Bay, 15 minutes drive from Grantley Adams International Airport and close to Crane Beach, Bottom Bay and the famous Sam Lords Castle, a beautiful Georgian Mansion built in 1820.

This luxury development will boast a cliff top location and will encompass a luxury 5 star Resort and Spa with all the facilities you would expect from a luxury Caribbean resort along with its own coral sanded beach. Facilities will include spa, restaurants, bars, conference facilities and cinema not to mention the fantastic cliff top promenade looking out to the ocean.

There is a wide range of unit types available from Studio, 1 and 2 bedroom apartments, stylish 1 and 2 bedroom Cabanas and substantial 4 and 5 bedroom cliff front plantation houses. All apartments have open balconies and large communal swimming pools. The Cabana units have an open terrace and private plunge pools where residents can relax with the cool sea breeze and enjoy the all year round fantastic weather that can be found in Barbados.

The developers of Merricks Beach Resort & Residence are creating a beautiful, tropical setting with water features and the planting of many palm trees, banana plants and many sub tropical flora which will create a wonderful, relaxing setting with walkways between the water features to create an idyllic setting. All units will be finished to the highest specification and units come fully furnished to the highest standards. The furnishings team for the Merricks 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.

Barbados has long been a popular location for British, American and Eastern Europeans. Buyers at Merricks Beach Resort Residence will see a steady rise in equity during the construction period and capitalise on 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 2009/early 2010.

Prices from £225,000

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