Las Canas, Dominican Republic is a 5 star resort situated on the North Coast. The resort offers a selection of water bungalows and beautiful villas all enjoying panoramic views. Low deposit and 70% mortagage available on completion. 10% return guaranteed.
Las Canas
Las Canas is a luxury 5 Star resort situated on the Dominican Republic's north coast along a white sand beach bordered by lush, tropical forest of coconut palms, mahogany, cedar, wild olive and muskwood trees. Thatched water bungalows are positioned just offshore and beautiful villas lie along the riverside and beachfront enjoying the stunning panoramas offered by this idyllic location. The golf course is interspersed with villas affording vistas over the greens and fairways to the magnificent landscape beyond. Built to the highest specification the resort will offer world class facilities including a signature golf course, The Island Sanctuary Spa and sports academy.
Features and Amenities
The Las Canas Reception provides a concierge service for guests to arrange restaurant and spa bookings, taxis and sightseeing tours.
The Sports Academy offers expert baseball, football and tennis coaching for people of all ages and abilities. The Fitness Centre comprises a full range of cardiovascular and physical training equipment. The Island Sanctuary Spa at The Hideaway has indoor and outdoor treatment suites providing a range of massages, beauty treatments and holistic therapies.
Las Canas has several bars and restaurants situated to take advantage of this beautiful location and offering guests a choice of dining experiences. Several freshwater swimming pools, including a children's pool, are situated within the landscaped gardens, all with a concierge service for drinks and snacks.
The Diving & Watersports Centre offers PADI tuition, snorkelling, catamaran sailing, kayaking, windsurfing and waterskiing.
Investment structure
Developer (UK Based ) - One of the largest most trusted developers in the Caribbean.
Hotel Group - Experienced World class hotel company owner of 42 hotels worldwide. Established presence with tour operators maximising on occupancy.
Invest or Owner of freehold property with guaranteed return of 10% in a buoyant Caribbean market with high capital growth.
Investment Partners
Developer
Hotel Group
Investor
All three parties benefit from the commercial relationship created through the development.
Financial breakdown
70% guaranteed mortgage from completion.
Two year 10% rental guarantee followed by 50% net room rate share.
30 days free use of property each year.
Purchasing off-plan property means you pay a price lower than the final value at completion. There will be several price rises during the build period which means you will see the value of your property increase over time. You can sell your property at any time after the exchange of contracts.
How to Finance a Property
£1000 reservation fee* required for reservation of a specific property. 30% deposit must be payed within 45 days of making your reservation.
30% deposit of the purchase price*.
On completion the developer will provide a 70% guaranteed LTV mortgage.
100% finance* available, i.e., developer will pay your monthly payment on the 30% deposit for duration of build
How to reserve a property
1. Your assigned property portfolio manager will contact you to discuss the deposit required and finance options.
2. A buyer's pack will then be sent to you with full details of your reserved plot, including the development, location, size and floor plans, as well as finance agreements.
3. Your Property Portfolio Manager will keep you up to date with the progression until exchange has been completed.
Why Invest ?
The Dominican Republic is a major tourist destination for sun seekers and thrill-seekers alike. There is a huge demand for hotel accommodation as it is increasing in popularity as a tourist destination. The total number of visitors increased by 43% between 2002 and 2007.
In the period January to June 2008 stopover arrivals were up by 5.2%, with visitors predominantly from Europe (32.3%), the USA (27.9%) and Canada (19.9%). The Dominican Republic had the largest number of visitors of any Caribbean Island. In 2006 the total expenditure by visitors was $3180.4 million. There are currently very few five star resorts in the Dominican Republic and it is a safe investment with opportunity for profit for the following reasons:
It is far from fully-developed
Property is very competitively priced compared to many Caribbean islands
Property prices are set to rise In 2007 Foreign Direct Investment in the Dominican Republic increased in total by 16.3% including an increase in Real Estate by 120% and in tourism by 58.1%.
The Government has introduced a number of incentives to increase the pace and progress of development in the tourist industry. These include:
Hotel facilities, resorts and/or hotel complexes
Construction and/or operation of tourist infrastructures, such as aquariums, restaurants, golf courses, sports facilities, and any other that may qualify as a tourist activity
What is the buying process?
The buying process will be different depending on the Island, although purchases will be dealt through the developer, based in the UK.