Las Canas Beach Resort - 5 Star Caribbean Resort with 10% Rental Guarantee and 30 Days FREE Use per Year
Las Canas Beach Resort in Dominican Republic will be a five star beachfront resort built within the lush, tropical Caribbean landscape surrounded by hundreds of palm trees on a six acre site.
You will have a choice of some beautiful real estate including boutique apartments, cabanas and villas located around the 18 hole golf course. Other features are an equestrian centre and polo pitch, sports academies, Island Sanctuary Spa, several bars and restaurants, including a River Restaurant on a small island where the two rivers running through the resort meet.
This 5 star development will be operated by an experienced hotel management company. All properties will be fully furnished and will be offering a 2 year 10% rental guarantee, followed by 50% NET room rate share deal, making this a fantastic investment opportunity. You will have 30 days free usage per year. Upon completion, there is a guaranteed mortgage facility up to 70% LTV available
The original development site at Las Canas has been named “The Sands, Las Canas Beach Resort” and will remain as originally planned with its own reception and concierge service, café bar, swimming pool and beach restaurant. The developer extended the size of the Las Canas Beach Resort and investors and guests staying at The Sands can take advantage of the 5 star amenities located within the rest of the resort.
14 Reasons to Invest in Las Canas Beach Resort
- Boasts oceanfront location and its own palm fringed beach, over a mile long
- 10% rental GUARANTEE for 2 years followed by 50% NET room share
- 30 days FREE use per year
- Operated by a first-class hotel company
- Fully-furnished
- 70% guaranteed mortgage from completion
- Up to100% finance available – the developer pays your monthly interest
- £1,000 reservations deposit – nothing else to pay until completion
- Impressive range of facilities such as 18 hole golf course, Spa, Sports Academy, polo pitch, Kid’s Club, Teen Club
- Emerging Caribbean market, offering the best property prices and a superb location.
- No capital gains tax, no buying tax, no inheritance tax
- Freehold ownership
- SIPP pension compliant (UK buyers only)
- Buyers can sell prior to completion
Location
Compared to other Caribbean destinations, The Dominican Republic offers excellent property prices and a superb location. The Dominican Republic remains as desirable a holiday destination, while tourist figures continue to grow offering good potential returns on investment (currently reaching some 30-40% over 5 years). Many serious investors have already realised the great potential the Dominican Republic.
Las Canas Beach Resort is located on the stunning north coast of the Dominican Republic, just 10 minutes from Cabarete. Las Canas Beach Resort is positioned in the small town of Sosua. Sousa is still in the early stages of development, rich in wide sandy shores and coconut trees, pleasant restaurants and lively nightlife. With tourism bringing in 22% of the countries revenue, real estate is a strong player in the economy.
This five star resort will be beachfront and will be built within the lush, tropical landscape surrounded by hundreds of palm trees.
There are 10 international airports in the Dominican Republic. Just 20 minutes from Las Canas Beach Resort is the Gregorio Luperon International Airport at Puerto Plata
Flight times 9.25 hours from London via Miami; 2 hours from Miami; 3.5 hours from New York.
There are several non-stop direct flights serving Puerto Plata including American, Continental Airlines, Air Turks & Caicos, Martinair Holland, Condor Flugdienst, LTU International Airways and My Travel.
Residences
You have an impressive range of residence types to choose from. All units have an interactive entertainment system with flat screen TV, internet access, stereo, inroom safe, telephone and air conditioning. Also, all properties come fully furnished with stylish modern simplicity to a standard expected of a five star resort..
Apartments: The apartments are constructed to the highest specifications using the best quality materials with oriental-style architecture to provide contemporary and spacious living accommodation.
Cabanas: The semi-detached villas are constructed to the highest specifications using the best quality materials with oriental-style architecture to provide contemporary and spacious living accommodation. Each bedroom has its own shower room. All cabanas have a private Jacuzzi.
| UNIT TYPE | SIZE (LIVING SPACE), INDOOR |
PRICES FROM
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PRICES FROM (
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PRICES FROM (
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| Apartments | |||||
| Studios | 460 sq.ft |
£85,000
|
£95,000
|
£100,000
|
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| Studio suites | 688 sq.ft |
£110,000
|
£115,000
|
£120,000
|
|
| 1 bedroom | 827 sq.ft |
£135,000
|
£140,000
|
£145,000
|
|
| 2 bedroom | 1,139 sq.ft |
£160,000
|
£165,000
|
£170,000
|
|
| 2 bedroom with wrap-around terrace | 1,336 sq.ft |
£190,000
|
£195,000
|
£200,000
|
|
| CABANAS |
|
|
|
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| 1 bedroom | 700 sq.ft |
£195,000
|
£225,000
|
£250,000
|
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| 2 bedroom | 1,300 sq.ft |
£275,000
|
£295,000
|
£350,000
|
|
| RIVER BUNGALOWS |
|
|
|
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| 1 bedroom | approx. 1,000 sq.ft |
£250,000
|
£275,000
|
£295,000
|
|
| 2 bedroom |
£275,000
|
£295,000
|
£325,000
|
In addition, there will also be a range of Garden Villas, Water Villas and Island Spa Villas - please click on the link to find out more about Las Canas villas at Signature Residences Worldwide.
Amenities and Services
The signature 18 hole golf course will be designed by a golfing legend and provide a challenge for all levels of golfers.
The Sports Academy offers expert baseball, cricket, football, rugby and tennis coaching for people of all ages and abilities.
The Diving & Watersports Centre offers PADI tuition, snorkelling, catamaran sailing, kayaking, windsurfing and waterskiing.
The Island Sanctuary Spa at The Hideaway has indoor and outdoor treatment suites providing a range of massages, beauty treatments and holistic therapies.
In addition, Las Canas Beach Resort will be offering everything a five star resort has to offer, with amenities and facilities such as:
- Shops
- Several restaurants and bars
- Own beach
- Several swimming pools, including a children's pool
- Fitness Centre
- Kid’s Club
- Baby-sitting service
- Teen Club
- Concierge service
- Equestrian Centre
- Water park (TBC)
Rental Programme
There is a 10% rental GUARANTEE for 2 years followed by 50% NET room share.
The rental programme will be operated by an experienced hotel management company with strong sales and marketing capabilities; as such rental returns are likely to be substantial.
In addition, you will have 30 days FREE usage of your property per year.
With the rental programme and the usage rights, Las Canas Beach Resort will offer a hassle free investment as well as a lifestyle vacation home.
Purchase Details
£1,000 non-refundable reservation fee
10% deposit less the reservation fee within 15 days
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.)
Upon 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 £1,000 as well as the accrued interest on the loan for the deposit.
Construction will start in second half of 2009 and completion is scheduled for 2012-2013.
Hot Properties Worldwide is an authorised sales representative of Las Canas Beach Resort
