BusinessGrenada.com Issue: 5 2010 - 2011 | Page 103

Real Estate Buy a piece of Paradise I f Grenada is a place you either frequent on a regular basis, plan to retire in or the place you’d like to have your second home then Monmot Poolside suites may just be the right fit for you. Situated in Lance aux epines in the fashionable south of the island, the former hotel is now embarking on a new phase in its development by offering to the public out right purchase of a selection of its luxurious suites. With a location that boasts of being only 150 metres off prickly Bay’s white sand beach, these luxurious suites are being offered for sale as an investment opportunity without the headaches usually associated with ownership as units are sold with a full management contract aswell as options for owners to allow management to rent back units to the hotel when not in use. Unlike some management programs that require owners to rent a certain amount of weeks per year, Monmot poolside suites give owners the option of renting out their suites for as many or as few as they choose. your holiday home turns into an investment that not only provides you with accommodation but also has the potential to pay for itself through rental income Development Director, Alexis Gentle Rennie, confirms that this will be a very attractive proposition for potential investors in one of the most prestigious locations on island. “There are many Grenadians living overseas who come back to Grenada and stay in Hotels” Rennie says “ and many who come and impose themselves on family. By purchasing one of our luxury suites strategically built around a central pool and taking advantage of the present economic downturn in real estate, your holiday home turns into an investment that not only provides you with accommodation but also has the potential to pay for itself through rental income gained thus offering a very attractive return on investment” With an offering of 12 suites Rennie envisages all units to be quickly snapped up, and their target of foreign nationals, returning nationals and Grenadians living abroad appears to be well aimed. Priced very reasonably, Monmot poolside suites is even offering a try before you buy program in which potential owners stay at the suites to experience them and if they decide to purchase are given a full refund on their room rates. With a management program that looks after rentals, maintenace, and upkeep of the property carefree ownership without restrictions is clearly a model that potential owners will find very attractive. For more information see Ad. below. Located in L’Anse Aux Epines, one of Grenada’s most prestigious residential areas, Monmot Poolside Suites is offering an exclusive investment opportunity to purchase your very own holiday home on the beautiful Island of Grenada. At Monmot Poolside Suites, carefree ownership is not just a concept, its very much a reality. For Further information contact Deve ???V?BF?&V7F?"?W??2&V???RFV???Cs2?C3?3C????&??R?Cs2?CR#sB??????F??FVD???6???wwr????6?FW7V?FW2?6???wwr?'W6??W76w&V?F?6???0???