Merricks

The Merricks Resort, Barbados

Barbados is the leading island destination in the Southern Caribbean for British, North American and European tourists. It is known for its well-trained, industrious people, its stable government, a wide range of accommodation, attractions and its fine coral-sand beaches.

The climate is tropical with temperatures ranging from 21 to 31 degrees Celsius. The weather is one of the major lures of Barbados and rightly so. The consistent weather and extended tourist season mean that Barbados remains an attractive holiday destination when other Islands are cooler or wetter. Long seasons means more income, which means greater yield and profit for the investor.

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Investment Points of Interest

Prices From: £195,000 (sterling)

Property types: Studio's through to bespoke Vlla's

Completion: Becember 2010

Finance Plan: 100% finance available, 2 year 10% rent guarantee followed by 50% room share for 5 years

Merricks

The island is a mature Caribbean tourism destination. Large-scale tourism development dates back to the late 50s and early 60s but colonial ties to Britain have made Barbados a popular destination for wealthy British nationals for many years leading up to World War II. 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.

First class Sport and Leisure facilities are available to anyone visiting Barbados. Well known for its close ties with Cricket and Golf, there are three 18 hole golf courses to chose from. Steady trade winds make for excellent Yachting and windsurfing and the barrier reef that surrounds the island means that anyone interested in diving,, surfing or fishing are well catered for.

Resort Overview

The Merricks is only a 15 minute car journey from the Grantley Adams International Airport. The resort is situated within 70 acres of lush Caribbean paradise with a secluded half moon beach and on a cliff top location in the stunning South East Parish of St Philip. By purchasing an Apartment, Cabana or Villa you are investing in the most exciting new resort to open in Barbados in the last 20 years!

Purchasers benefit from the full use of the 5 star facilities which include a spa, gym, swimming pools and tennis courts as well as bars, restaurants, a conference centre and shops. The 5 star Hotel management company (name to be announced shortly) will be responsible for running the resort including all maintenance issues as well as letting out the accommodation (For non investment Purchasers it is possible to buy a property for private use only). All properties will be fully furnished and owners will benefit from 30 days private usage per year.


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