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Prime Caribbean Investment Property in Tobago
January 26, 2008Article by Ray Withers
‘Capital of Paradise’ Tobago brings prime beach resort to the market. As Virgin and TUI vie for exclusivity, Property Frontiers announce the launch of Indigo Bay, Tobago’s newest, high profile, waterfront development where a 5% discount is being offered for the first 10 units sold.
Undeniably one of the most beautiful Caribbean islands and winner of the World Travel Award for the Best Eco-Tourism Destination for the last 3 years, Tobago has a lot to offer.
Covered in jungle, this tiny island is home to the oldest protected rainforest in the Western hemi-sphere and an incredible natural habitat. With Greenback turtles nesting on its shores, one of the top ten scuba dive sites in world and an array of picture perfect beaches Tobago is a nature lover’s paradise. Located in the south Caribbean, outside of the hurricane belt, it offers tourists a year-round destination. Not surprisingly, property in Tobago is in high demand.
Indigo Bay, located on Little Rockley Bay, will comprise 79 well equipped apartments and offers a confirmed hassle free income of 10% net per annum for the first 5 years. With 2 weeks personal use a year, these Tobago properties provide both a taste of paradise and an alluring investment opportunity. With 65% LTV mortgages available from one of the Caribbean’s biggest banks, investments at Indigo Bay can be made with relatively low cash outlay. In an enormously under-supplied market, the resort promises exceptionally high occupancy hence the substantial guaranteed yields.
The experienced developer of Indigo Bay is also the owner of renowned Toucan Inn and Bonkers, the Chairman of the Travel Foundation and the Chairman of the Chamber of Commerce for Tobago. His prolific expertise therefore promises a svelte resort which will compliment his government’s commitment to protect the island’s natural habitat.