Property Frontiers

Contact Us

UK: +44 (0) 1865 202700
Click for Live Chat

Villas & Apartments in Frigate Bay, Saint Kitts

1 bed apartments from £188,000

Print this page

Silver Reef Resort,
Frigate Bay,
Saint Kitts

1 Bed Apartments from £188,028

2 Bed Apartments from £284,643

2 Bed Villas from £448,421

In an enviable location bordering the Royal St. Kitts Golf Course
70% LTV mortgages meaning a cash investment of ~£46k + purchase costs
Cash-flow positive with yields expected to achieve between 8-11%
Economic Citizenship is available on certain properties

Summary

In an enviable location bordering the Royal St. Kitts Golf Course
70% LTV mortgages meaning a cash investment of ~£46k + purchase costs
Cash-flow positive with yields expected to achieve between 8-11%
Economic Citizenship is available on certain properties
St. Kitts FDI rose 83% in 2005
Tourism demand on the island set to grow by 6.2% annually for next 7 years
No income, CGT (on property owned 12 mth +), wealth or inheritance tax
Run by the No. 1 Management company on St Kitts

Download Investment Prospectus PDF,905.24 KB

Download Floor Plans

Development Pack

Google Earth KML File

Get PDF Reader here

Description

Home to lush tropical vegetation and stunning beaches, St. Kitts’s history is as a British colony with a wealthy sugar industry. The country’s economy has since diversified and has reported consistent GDP growth and increases in FDI of $103m in 2005. The government are committed to the development of tourism and have welcomed the influx of development in travel accommodation and tourist facilities, including the $17 million Beaumont Racetrack, the $16 million Marine World and the $12 million redevelopment of Warner Park Cricket Stadium. The Kittitian government offer an Economic Citizenship programme to investors that gives full citizenship rights. St Kitts is also a tax haven with no income, capital gains on property owned for 12 month or more, wealth or inheritance tax. Top

Location

St. Kitts & Nevis are located in the eastern Caribbean, 19 degrees north of the equator and separated by a channel two miles wide. Average temperature is 79F, humidity is low, and constant northeast trade winds keep the islands cool. The Islands are linked by direct flights from New York, Miami, London and Canada.
Silver Reef is a beautifully designed resort in a superb location on the unspoilt Caribbean island of St. Kitts. Just ten minutes’ drive from the island’s capital, Basseterre, and just over 2 miles from the airport, the resort is spread over 4.7 acres of gently sloping hillside amidst lush gardens on the edge of the Royal St. Kitts Golf Course. Its stunning position on a natural rise gives spectacular views of both the Caribbean Sea and the Atlantic Ocean. The picture perfect Frigate Bay boasts one of the finest beaches on the island and its coral powder sands and clear waters are less than a five-minute walk down a pathway from Silver Reef. The beach offers safe swimming, plenty of water sports and a variety of beachfront bars. Top

Get personal advice from our dedicated experts

Let us call you back

Property

This select development will offer just 62 villas and apartments set in lush tropical landscaped gardens with free form and lap pools. The resort will be run by the No.1 Management company on St. Kitts and will offer full rental pool administration for only a 15% cost with predicted net yields of 8-11%. Our forecasting suggests annual appreciation levels averaging 15% and 70% LTV mortgages are available to foreign purchasers. With apartments available from ~£153,000 investors can purchase their property with just £46,000 cash plus legal costs. Top

Amenities