RISMEDIA, October 1, 2010—The former Kings Beach Hotel site on the West Coast of Barbados represents an unrivalled and exclusive opportunity to develop in one of the world’s finest beach front locations. The 2.5 acre plot is the last development site available on the exclusive Platinum Coast of the island.
The recovery of sterling against the U.S. dollar also makes now an excellent time to invest in the Caribbean property market. Confidence is returning as the economy shows sure signs of recovery, with several high value sales recorded along the coast over the last six months and previously delayed schemes swinging back into action.
With planning permission for 50 two and three bedroom luxury apartments, the site would also be ideally suited for a prestigious hotel, condominium, elegant beach front mansion or a selection of private villas, subject to planning permission and approval.
Located in a frontline position, the site occupies a truly blissful position, sheltered by unspoilt reef, overlooking aquamarine waters and fringed by an immaculate white sandy beach ideal for sunbathing, beachcombing and watersports. The site is positioned within minutes of every facility an international purchaser would wish from an idyllic holiday home. For sports lovers, there are world-class yachting facilities, golf courses and polo communities within easy reach.
The development is situated close to the beautiful, culturally-rich towns of Holetown and Speightstown. A full spectrum of high-end boutiques, world-renowned restaurants and vibrant nightlife can be found within minutes of Kings Beach.
The most easterly of the Caribbean islands, Barbados is an excellent place to invest. As the third oldest parliamentary democracy in the world, Barbados enjoys a stable political and social environment. There is no capital gains tax on the island and wide availability of foreign currency mortgages for those purchasing from abroad. The island’s economy is also strong and sophisticated—tourism currently accounts for 15% of its GDP and the Barbadian government states that the country is set to become the world’s smallest developed economy by 2025.
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