Merricks Residences - Sea Front Plantation Houses, Spa Villas and Cliff Villas in Barbados
Merricks houses and villas in Barbados is luxury real estate development situated within 70 acres of a lush Caribbean paradise next to the secluded Half Moon Beach and on a cliff top location in the stunning South East Parish of St Philip.
This luxury residential property investment and resort development will boast a sea front location and will include a 5 star Hotel and Spa. As a residences owner, you will have full use of the hotel facilities as well as the sanded beach.
8 Reasons to invest in Merricks Resort, Barbados
- Enjoys a secluded beach and superb cliff top location
- 10% rental guarantee for 2 years followed by 5 year 50% room rate share, where expected rental returns can be up to 25% p.a.
- 30 days FREE use per year
- Managed by world class 5* hotel operator
- Up to 100% finance available (subject to status)
- Realistic capital growth of 15% + p.a. for the next 4 years
- You will have full use of the facilities of the 5 star Merricks Hotel and Spa including swimming pools, tennis courts, gym, a conference centre and bars and restaurants
- You are allowed to sell your unit prior to completion
Privileged Location
Barbados is arguably the Caribbean's most well known and sought-after destination, famed for its friendly locals, stable government, treasured coastline and balmy climate.
Located in St. Philip, the largest yet least developed parish on Barbados, Merricks Resort is an oasis of tranquillity and calm. The area enjoys a stunning rugged coastline, white sand beaches and striking rocky outcrops. The resort is situated on a secluded beach and enjoys prime ocean views.
Only 15 minutes by car from the International Airport and 20 minutes from the buzzing capital Bridgetown, the resort is easily accessible and within easy reach of the island's amenities.
There are several flights from the UK and Virgin intends to increase the number of flights to Barbados once the Merricks is completed. In recent times they have reduced the number of flights because there was insufficient high quality accommodation available to fill demand.
Fantastic Facilities
The benefit of buying one of these prestigious homes is that they have the full use of the facilities of the 5 star Merricks Hotel and Spa, which includes
- Swimming pools
- Tennis courts
- Spa, managed by a well known spa management company
- Gym
- Restaurants
- Bars
- Local shops
The developers of Merricks Resort 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.
Residences
Plantation Houses: Detached. Boast a private plunge pool and private lanai area.
Island Spa Villas: The Island Sanctuary is a sandy oasis surrounded by water and reached only by a private bridge. The Island Villas combine the grace of oriental-style simplicity with contemporary luxury. Glass walls slide back to extend to provide an extended living area opening directly onto an outdoor terrace. Here there are parabolic speakers linked to the entertainment system, a sunken outdoor double bath, and an infinity-edge swimming pool with a covered sala for relaxation. Butler service available.
| UNIT TYPE | SIZE (LIVING SPACE), INDOOR |
PRICES FROM
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PRICES FROM (
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PRICES FROM (
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| 2 bedroom | >1,607 sq.ft |
£795,000
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£825,000
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£850,000
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| 3 bedroom | >2,064 sq.ft |
£895,000
|
£925,000
|
£950,000
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| 4 bedroom | >2,524 sq.ft |
£950,000
|
£975,000
|
£995,000
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| Island Spa Villas |
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| 1 bedroom | 3,500 sq. ft |
£795,000
|
£895,000
|
£995,000
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| 2 bedroom | 4,500 sq. ft |
£1,095,000
|
£1,195,000
|
£1,295,000
|
The maintenance fees/service charges are estimated to be in the region of £125pcm, this will cover utility bills, maintenance fees, insurance etc
The closing costs are around 1.5%
Please click on the link to visit Hot Properties Worldwide for more information about The Merricks studios and apartments.
Rental Programme
There is a guaranteed rental income paid to investors of up to 10% per annum for 2 years followed by 5-year 50% share of the room rate, where expected rental returns are likely to be in the region of 15% to 20% per annum.
How To Reserve a Unit
£1,000 non-refundable reservation fee
10% deposit within 15 days less above
20% payment within 45 days after reservations
70% balance on completion (stage payments are due throughout construction, but the developer can meet these with developer loan on behalf of the client, interest will accrue on each stage payment as it is released.)
Up on completion, there is a guaranteed mortgage facility up to 70% LTV available through the developer's bankers in the Caribbean (subject to status).
There is also a 100% finance scheme is available. Should you choose to borrow the 30% deposit, the developer will pay the loan interest, for the 30% deposit until completion of the specific unit you have reserved. These payments will then be added to the purchase price upon completion.
Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is anticipated that the value will have grown and therefore you will be able to pay for the purchase price less £1000 as well as the accrued interest on the loan for the deposit.
Signature Residences Worldwide is an authorised sales representative of The Merricks
