The Merricks Resort Spa and Residence
St Philip, Barbados
This exclusive development is ideally situated with its own secluded beach and cliff top location on the South East coast of this superb Island.
Studios, apartments, detached and semi detached villas to luxury penthouses and exclusive 5 bedroom cliff-top villas all available at off plan prices.
The Merricks offers the astute investor a chance to reap the benefits of potentially high rental yields and significant capital gains.
- 100% Finance Available!
- Just £1000 to pay until completion
- Mortgages available up to 70% LTV
*subject to status*
- Managed by 5* Hotel company
- Two years 10% rental projected
followed by 50/50 room rate share - 30 days free use per year
- Rental yields of up to 33%
- Realistic capital growth of 15% + per annum for the next four years
Go relax...
Barbados has the third oldest parliament in the world with 358 years of an uninterrupted parliamentary system of government. The island was granted independence in 1966 but retains the British monarch as its official head of state, represented by the Governor-General.
Research by The United Nations Development Index (1996) showed that visitors highlighted friendliness of Bajans as it´s greatest and most pleasing asset. This is reflected in a very high 39% return rate. The people of Barbados have a history of goodwill, a sound and free education system
with an impressive literacy rate of 97%. Bajans are warm, friendly and hospitable people who are genuinely proud of their country and culture and welcome visitors as their privileged guests.
Most of the 260,000 Bajans live in the area around the capital city of Bridgetown on the southwest coast, or along the west coast as far as Speightstown in the north and Oistins in the south. Others reside in tiny hamlets in the island's 11 parishes. This exclusive island retains a noticeable British atmosphere, with place names such as Worthing, Hastings and Brighton.
Barbados is the leading island destination in the Southern Caribbean for British, North American and European tourists. This laid - back island combines pristine beaches, crystal clear waters and vibrant flora with great music, delicious food and a strong sense of history and culture. It is also known for its well-trained, industrious people and its stable government.
The island is a mature Caribbean tourism destination with development dating back to the late 50s and early 60s. Colonial ties to Britain have made Barbados a popular destination for wealthy British nationals for many years leading up to World War II.
The tourism product in Barbados is diverse and includes varied accommodation - hotel rooms, villas and guest houses, scores of restaurants and nightlife, especially in St Laurence Gap which is the night life capital. There are a wide range of nature attractions including caves and marine parks, historic sites, festivals, quality golf courses and a host of other activities.
By the end of 2003, the island had hosted over 1 million tourists, of whom531,211 were stay-over visitors and 559,000 were cruise ship visitors. Accommodation for tourists is targeted to increase from approximately 7,250 rooms in 2003 to approximately 9,500 rooms by 2010.
Over 70% of the country's foreign exchange is earned by the tourism sector. The business community is sophisticated, and the government is stable, so life here continues long after the tourists have packed up their sun oils and returned home.
Please contact us to find out more
