Luxury Villas
borders. “Security and freedom is everything and Grenada is one of the safest countries, so your investment is protected.” Mr. Zucchi explains. The Top Side The newly completed first phase of the project, is the ‘Entertainment Area’ on the ‘Top Side’. From this stunning cliff faced point, 400 ft above sea level, one views the entire expanse of 3 mile long Grand Anse beach. The vista extends to the capital city, St. Georges, & a 360º view encompassing Morne Rouge Bay, Point Salines, stunning land, pristine ocean and more stunning land. The area offers owners and guests a unique outdoor wellness center, with pergola covered rooftop garden and a seating capacity of 200. But ‘the star of the show’ has to be the garden full of Jacuzzi’s and the countrys’ only “Endless Pool” swimming machine. “People are crazy about it,” Leonardo informs with laughter “and you can change the strength of the current that you swim against- the unit is also large enough that a partner can relax at one end and watch.” There are multiple jacuzzi’s throughout the garden area and are a perfect option to enhance relaxation anytime of the day or evening, plus are great for parties. The entertainment area will also host a fabulous new restaurant, bar and air conditioned lounge. Suitable for a multitude of uses, like weddings, parties and meetings. The Zucchi’s are now entertaining suitable applications from entrepreneurs willing to take on the lease of this section, and assume full responsibility. A great opportunity for the right person(s) ! The project has employed 35-40 locals full time for three years, the robust structure, inbuilt ambience, quality location and price incentives of zero tax, and 5% guarantee ROI for three years, makes this one of the safest, & most equitable opportunities for ownership in Grenada. Marketing of ‘Mariposa’ in Grenada and the USA is with ‘ReMax’ realtors. Website: www. mariposaresidence.com Contact: Leornardo Zucchi at: Email: [email protected]
will market the rental of the condo for you. 5% return on investment is guaranteed to the owner for three years minimum. This is a freehold property, not a long term lease, and should you choose to sell there is a government incentive instead of paying 10% sales tax you pay only 5% sales tax. Zero property tax transfer- usually when you buy a property you pay 10% of the purchase price, not in this case, because the condition applies that the property will be put in the rental program for x amount of weeks. BusinessGrenada ran some quick numbers on this project : Buy a 2 bedroom condo here for $400,000 Pay no property or transfer taxes, due to Tourism rental program concession. Guarantee of 5% return per year ($20,000 per annum) for the first 3 years. Conclusion : A better return on investment (over 3 years) than if the money sat in a bank. And you own you own luxury Condominum!
The approach “Mariposa” are taking is not new as the owners at the already proven “Mahogany Run” have all had encouraging economic returns renting their apartments to ‘holidaymakers’ when not in use. Who’s buying them? Before the crisis, ownership in these units were favorably English. Now with changing economies, people from countries in Europe, and S. America, are showing more interest in owning outside of their own www.businessgrenada.com
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