The Caribbean Island of The Turks and Caicos is witnessing a flurry of activity from overseas property investors seeking to get in on a guaranteed rental deal for life. The unique offer is a feature that is being offered by developers for an off plan development at the Caicos Beach Club Resort and Marina. Phase 1A of the project is approximately 95% sold out.
Caicos Beach Club Resort and Marina is located on South Caicos a tranquil British Colony of The Turks and Caicos Islands. The Island of South Caicos is approximately eight square miles, it benefits from an International Airport, the nations finest natural harbour, superb beaches, World Class fishing, World Class diving, and World Class wind and water sports.
Craig Mander, Marketing Director for Caicos Beach says “Compared to other developments in the Caribbean, this project is approx 50% under market value. All apartments / condos have sea views and are fully furnished. This is a luxury resort with all the world class facilities you would expect from this type of product. Facilities include a Marina, Casino, Tennis courts diving school, shopping centre, night club and Clubhouse.
The min 8% rental guarantee for as long as you own means that this investment is truly self funding. Currently we estimate that for a 1 bed apartment, all costs of your purchase will be covered in 10 years. Not only that, you have tax free funds in your bank account, and can enjoy your private piece of paradise whenever you want. Many premier league footballers have reserved units and this projects is proving to be a very popular alternative to sun seekers and property investors.”
Nicholas Marr CEO
Homesgofast.com overseas property portal ‘ Turks and Caicos tax free status is a huge selling point for real estate on the islands . Overseas property investors find that the financial environment is ideal. The Caribbean Island offers No Corporate Income Tax on Revenue, No Personal Income Tax on Revenue, No Income Tax on Revenue generated from property , No Capital Gain Tax on property when sold, No Annual Real Estate Tax and No Estate/Inheritance Tax ‘
Some of the biggest stars in Hollywood head to The Turks and Caicos Islands when they want to escape to a tropical paradise. Jennifer Garner and Ben Affleck were married here, while Bruce Willis, Oprah Winfrey and Keith Richards own property on the islands. Other visitors are said to include Justin Timberlake, Barbara Streisand, Julia Roberts and Paul McCartney.
Useful Turks and Caicos resources
Are you looking to buy property in Turks And Caicos Islands ? North Caicos
, Providenciales
Are you looking to rent property in Turks And Caicos Islands ? Grand Turk
, Providenciales
, The Bight Settlement
Author
Carol McDonald