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Key selling points
- Rapidly developing tourist industry
- Beach front location overlooking the ocean
- 5 mins from Royal St Kitts golf course
- Only 8 hour flight from UK
- Rental management service available
OCEAN' S EDGE
Ocean’s Edge is a unique resort development which combines luxury outdoor and indoor living with strong investment potential and operating returns. The resort is designed by OBM, one of the Caribbean's leading architectural consultancies. Ocean’s Edge is located in North Frigate Bay on the island's south eastern coast, where the bay's curved beach conveys a sense of intimacy thanks to the dramatic hillside rising steeply from the shoreline to the south.
This low density development covers 40 acres and comprises just 195 units including luxurious one bedroom beachfront apartments, two bedroom hillside apartments with individual plunge pools, two bedroom semi-detached garden cottages and a choice of three and four bedroom villas.
ST KITTS
The beautiful island of St Kitts forms part of the Leeward Islands and lies approximately 40 miles west of Antigua in the eastern Caribbean. Together with its sister island, Nevis, this former British and French colony is renowned throughout the world for the preservation of its lush ecosystems while avoiding the rush of development often found
on better known islands nearby. Instead, it remains an exotic, seductive and peaceful paradise.
The variety of landscape to be explored is enormous — from lava formations and tropical forests surrounding the dormant volcano, Mount Liamuiga, to golden, sandy beaches, turquoise seas and the beauty that lies beneath the waves which is a delight for snorkellers and scuba divers alike. St Kitts enjoys a truly intoxicating atmosphere that visitors find hard to leave behind.
TOURISM GROWTH
St. Kitts has an investor-friendly climate and a rapidly developing tourism industry. The government, having closed its sugar cane trade in July 2005, is committed to developing tourism as the primary component of its economic growth strategy. The government's plan is clear and focuses on sustainable expansion as part of a move to make St Kitts an upmarket destination. It intends to preserve the character of the island and remain sensitive to its cultural heritage and plans to allow only a small number of exclusive boutique developments.
Ocean's Edge represents an unprecedented opportunity to invest in an island whose property market is expected to show substantial appreciation in the near future. St Kitts and Nevis enjoy a rich natural landscape together with a favourable tax regime and a safe environment. Following the success of the Marriott St Kitts Royal Resort and the Four Seasons Resort in Nevis, other major luxury hotel groups now investing in the islands include Auberge Resorts and Mandarin Oriental. The local infrastructure, meanwhile, is undergoing consideral improvement of its own. Recent projects include the $17 million Beaumont Racetrack, the $16 million Marine World and the $12 million Warner Park cricket stadium which will host the Cricket World Cup of 2007, set to take place in St Kitts as well as on other Caribbean islands.
Visit www.stkitts-tourism.com for further details. The number of tourists visiting St Kitts is rising substantially, increasing in 2004 by 32.6% on the previous year, with a further increase of 19.4% in the first half of 2005 alone, as recorded by the St Kitts Tourism Authority. According to the London-based World Travel & Tourism Council, the overall Caribbean travel and tourism industry, which accounts for 15 percent of the area's economic activity, is forecast to grow by approximately 4 percent per annum over the next ten years.
FACILITIES
The resort design is set amid 40 acres of lush, tropical gardens with several communal pools and walks where guests can escape and rejuvenate in peace. The resort will have a wealth of amenities at the exclusive disposal of its clientele including a fitness & health centre, a sea sports and beach club, a beachfront restaurant, tennis courts, aquatic sports and recreation rentals plus concierge and housekeeping services. Intended for both indoor and outdoor living, the residences offer spacious interiors and blend a luxurious colonial theme with state of the art kitchens and bathrooms as well as beautiful wood finishes. Each property is fully fitted to the highest standards and has a comfortable terrace to enable guests to get the most out of the idyllic Caribbean climate.
Project Plan
64 BEACHFRONT APARTMENTS, one and two bedrooms. Flanking the beach overlooking the ocean.
60 TWO BEDROOM HILLSIDE APARTMENTS with plunge pools. Hillside positions, two apartments per block with differing views over the ocean and Frigate Bay.
48 TWO BEDROOM GARDEN COTTAGES Spacious duplex, semi-detached, two bedroom properties.
23 VILLA PLOTS On the uppermost ground, these plots command outstanding panoramic views of the ocean, the St Kitts mountains, Frigate Bay and the Royal St Kitts Golf Course.
Tenure
The apartments and garden cottages are offered freehold subject to the limitations of the Condominium Act 1976. The villas will be sold freehold.
Finance
Mortgages are available through four banks in St Kitts, details available on request.
Maintenance & Service Fees Details of condominium association fees and rental costs will be made available by the operator, Elite Island Resorts, in the near future.
Construction details
Construction start date: September 2006
Completion date: Phase 1 in late 2007, Phase 2 in late 2008
Construction guarantee: All construction is guaranteed for 12 months
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