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Buying in the Caribbean

PROPERTY DETAILS


Ref: LipLaColoniaVillaA

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  · Location: La colonia, Dominican Republic, Caribbean
  · Price: from € 443,444 to 484,045  
  · Property Type: Detached Villa
  · Sale Type: Featured
  · Completion Date: 2009
  · Condition: Excellent
  · No. of beds: 4
  · No. of bathrooms: 6
  · Other Rooms: 4
  · Floor Space: 406 m2
  · Furnished: Furnished
  · Pool: Private
  · Garden: Private
  · Parking: Off Street Parking
  · Property View: Sea
  · Distance from the Sea: Walking
  · Distance from the Airport: 15 mins
  · Distance from a Golf Course: Walking
  · Distance from a Main Attraction: Walking


 

Villas and furnishings have been designed to meet modern market needs for luxury
accommodation and high-end vacation facilities supporting strong capital
increases, re-sales and rentals

Aggressive founder phase discounts to accelerate the build out of the golf resort and to attract investors who will offer investment villas to a healthy rental pool

Full villa management service (est. cost $15k per annum) is available to provide full maid services, garden and pool maintenance and guest services/rental management.
Minimum service charge is $3k for resort services and security.A range of highly
effective villa rental partners are being secured in each region to target a 20 to 25 week per year
rental average with vacation partners to secure a good basic rental yield and a vibrant healthy resort

Financing and legal partners have been secured to allow a simple, status only, low deposit (30%) mortgage and financing options.

Services will include:
Pre-agreed pick-ups and drop-offs at Puerta Plata International airport
Golf bookings at La Colonia and neighbouring courses
Management of maid recruitment, training and villa allocation
On-site security services (24/7)
Garden and pool maintenance for villas and communal areas
Guest meet and greet, resort tours, problem/request handling
All special housekeeping, catering and leisure needs
Relationships with owners and rentals brokers
Help in arranging tours/adventures, events/welding services etc
Billing/account services and checkout
Villas and furnishings have been designed to meet modern market needs for luxury accommodation and high-end
vacation facilities supporting strong capital increases, re-sales and rentals

Aggressive founder phase discounts to accelerate the build out of the golf resort and to attract investors who will offer investment villas to a healthy rental pool



Detailed information

Phase 1 – best location Founder Phase (limited numbers of villas and apartments available at 25% discount)

Deposit 30% of discounted price + pre-arranged mortgage for the balance

Premium position 4-bed 400m villas on 1500 mt lot (Fairway and sea views) at $750k ($225k deposit)

3-bed villa pricing gives the following options:

 

Sea + fairway views (340 mt) - $630k ($190k deposit)

Fairway view (340 mt) - $590k ($175k deposit)

Fairway view (235 mt) - $460k ($140k deposit)

Mountain view (235 mt) - $410k ($120k deposit)

Mountain view 3 or 2 bed (210 mt) - $345k ($100k deposit)

 

Apartment pricing would be:

 

Sea view (100 mt) - $220k ($66k deposit)

Mountain view (100 mt) - $190k ($57k deposit)

Penthouses (260 mt) - $360k ($108k deposit)

 

 

 

Example of how a golf and sea view 4 bed villa can be projected to increase in price through the phases:

 

La Colonia – base:                              base = $750k

Mature Golf/community premium: + 25% = $940k

Citadel/hotel/beach club premium: + 50% = $1.4m

Area increase/maturity:                   + 20% = $1.7m 

 

 

 

This part of the Caribbean has exceptional natural advantages. These sales values are projected to double in three years and then to potentially double again within a further three years – as the North Coast of the Dominican Republic catches ‘halfway up to’ the developed parts of the Caribbean. If the project is delivered to plan then these financial returns should rival those in the fast exploding real estate markets in India, China or Eastern Europe, but with arguably much lower risk.


Documents:

Packages and Services for investors -
The Dominican property market -
Goverment support -
Visitor statistics -
The Master plan -
History of the project -
Living in Colonia -
Cost advantages Vs other investment regions -



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