INVESTMENT OPPORTUNITY - GUARANTEED US$6,400 ANNUAL RETURN + PROFIT SHARE
Verandah is a holiday location in Antigua which is heavily booked throughout the year as an all-inclusive luxury resort. The villa owner also has two free weeks per annum which are not restricted to a set date and, if booked early, can be taken at all peak times e.g. Christmas, Easter and school holiday periods. A further 4 weeks can be taken at half price guaranteed for life. If not required, any or all these free and half price weeks can be sold by the owner to generate further income.
The current purchase price is US$90,000.
The purchase price in 2007 was US$160,000 and the current return on the property is a guaranteed 4% of that figure which amounts to $6400. This is for a 12 year period from July 2007. There is also a third share in the Company's yearly profit, divided by 160 (number of shareholders). This increases to a half share when the 4% return ends in 2019.
The property comprises a 700 sq. ft. semi-detached villa with living room/bedroom/kitchen capable of sleeping 4 people plus a separate bathroom and a large veranda.
Nearby are the beaches of Long Bay, about 20 minutes to the south west is the historic World Heritage Nelson's Dockyard and 20 minutes to the north west, St. John's, Antigua capital city. The international airport is about 15 minutes away.
Convenient and safe, the Caribbean is an increasingly popular holiday destination and, being governed by English law, investments in Antigua are secure.
If you require e-mail notifications of new properties when they come available or price changes, please let us know and we will add you to our mailing list. The high selling season in Antigua is between December and May but properties do come available in summer and can, sometimes, be more affordable.
When you plan to visit Antigua to view properties, we can arrange accommodation and transport. If visiting for more than a few days, car hire is probably more economical than taxis although nothing is cheaper than the local bus service.
For more Houses, Villas, Bars, Restaurants, Land and other Antigua and Caribbean property for sale contact Richard Watson & Company, Antigua