Conveniently located on the prestigious West Coast – within walking distance of trendy and historic Speightstown and just a 10-minute drive to Holetown – Coral Beach ticks all the essential boxes required of an appealing real estate investment.
Steps away from a beautiful beach and exceptionally priced for the benefit of early-bird buyers, the property’s twenty-one 2-bedroom luxury apartments represent an excellent opportunity to own a very attractive vacation home with real potential for a good return
Built to the highest construction standards, each fully air-conditioned apartment will feature high-quality finishes, fixtures and appliances. When not in residence, owners will have the option to gain significant income from short-term rentals, estimated by local experts to be sufficient to cover all operating expenses and provide a cash return of at least 4%.
A further advantage for would-be owners is that the purchase process at Coral Beach is very straightforward. Following a 10% deposit to reserve the chosen apartment, the remainder is not due until completion of the building, with no stage payments having to be made during construction. Potential investors can draw confidence from the fact that the developer is a highly respected Barbadian who has an outstanding, four-decade track record, having successfully completed multiple, award-winning, tourism-related projects.
With construction having started in February 2022 and remaining right on schedule, completion is projected for April 2023. This means that Coral Beach will be the only new stock of near-beach, west coast condos completed during the 2022-23 winter season. Anybody considering purchasing a 2-bedroom apartment would be well-advised to view this property for consideration.