Real estate investment specialists, Select Resorts have recently launched “The Beach Villas” in the Cayman Islands. Prices start at £29,995 and there is a five year interest-free payment plan in place.
The Beach Villas are six contemporary styled oceanfront properties that are situated on the gorgeous Caribbean island of Little Cayman. The Cayman Islands consists of three different islands which are Grand Cayman, Cayman Brac and Little Cayman, and these exclusive islands are situated just off the coast of Jamaica. The islands are a British Overseas Territory, and as such enjoy a stable and peaceful government that operates under British Common Law. The infrastructure within the Cayman Islands is rapidly expanding alongside a state-of-the-art telecommunications network, making this a great country in which to invest.
The Beach Villas will offer owners complete seclusion combined with the luxury of space. Each villa has direct access to the beach as well as a private jetty for the owner’s exclusive use. The design features of the villas include fully retractable glass walls at either end of the double height Great Room, a master bedroom with an en suite and walk-in dressing room, and a private pool. Each villa has another two bedrooms, and a fully fitted kitchen and utility room.
Little Cayman is easily accessible through a short flight from Grand Cayman and is the perfect getaway for anyone looking for somewhere a little more exclusive and private. The Cayman Islands are the world’s number one dive destination and the island is popular amongst honeymooners. These factors mean there should be a substantial rental market for this type of property.
These luxury villas are being offered for sale through Shared Ownership by Select Resorts. Each villa is divided into 43 fractions making the investment accessible to a wide audience, and purchasers also have the opportunity to benefit from rentals. According to industry watchers the Shared Ownership market is an excellent choice for anyone looking for an overseas property and is a practical alternative to outright ownership of the property.
Roberto Campolucci-Bordi, Commercial Director at Crown World, said in a prepared statement that, “Shared Ownership removes the hassle of owning a property full-time, which gives investors the lifestyle they want, when they want it-at a fraction of the price. Shared Ownership, especially in iconic locations, will continue to be a great investment for the future.”
Fractional ownership prices start from just £29,995, and repayments start from just £399 a month. Annual rental yields of between 7% and 8% are being predicted by the developers, and the development is fully secured by a UK trustee so investor finance is protected.