|
Key selling points
- Anyone can buy - indiviudal or company
- Property appreciation of 7%pa approximately
- Continuing Care Retirement Community
- Potential rental income
- Fixed price contract
The Lakes are offering a wide variety of detached 2 and 3 bedroom Villas as well as spacious 2 bedroom well-finished apartments. The village will be set in beautifully landscaped gardens, on the ridge above Mile and a Quarter with stunning views of the west coast from Holetown to Port St Charles and beyond. The development of the 180 acres is split into three phases. It includes a village hall, three club houses, several lakes, a park with children’s playground, swimming pools, tennis courts, a Wellness Centre, the Lakes Centre with restaurant, shops and the Health Care Centre with in-house nursing care facilities.
Phase 1 construction will commence 2004 and the first properties will be available in 2005. Ownership Options The Lakes offer residents two alternatives for the ownership of property on a leasehold basis within the village. This allows us to cater for a wide variety of purchasers whilst retaining the atmosphere and nature of a Lakes village throughout.
The two types can be categorised as follows: Continuing Care Retirement Community (CCRC) Purchaser – The retiree who is looking for peace of mind. We operate on the basis of a CCRC and sell homes within the village to purchasers 55 and over, through a lifetime leasehold agreement. These purchasers accept that they will share a proportion of the future property appreciation in return for The Lakes securing their long-term health care costs, property maintenance, and subsidised monthly community fee.
Property Purchaser – A purchaser who would like to own a property on a 99-year lease in the village to use as their holiday home, for rental purposes or as an investment, with the option to convert to CCRC at any time in the future. Properties will be released in stages and we are taking off plan deposits for the first Phase of 177 properties to be built.
A Reservation Fee is required, an amount of €8,297.00, followed by four 20% stage payments during construction, 15% on practical completion, 5% on rectifying snags. (The Reservation Fee is deducted from the first deposit).
So therefore: • Select which ownership option suits you best. • If in Barbados ask to be given a tour of the site to help select a location. • Ask to see the reservation and lease agreements and house specifications. • Secure your property by placing the reservation fee.
| 
