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.
