Barbados is Caribbean's most well known and sought-after destination, famed for friendly locals, stable government, treasured coastline and climate. As a result, Barbados tourist industry is expected to grow by 4.6% per annum between 2007 and 2012. From an investor's point of view, the anticipation of continued demand and limited supply offers a promising potential.The location of this development with its proximity to the airport and its secluded beach makes Merricks Resort a fantastic opportunity to own a luxury villa in the Caribbean and capitalise on the equity growth expected within the next 4 to 5 years.All owners are allowed 30 days personal use per annum, offering the chance to enjoy a luxury lifestyle whilst enjoying a lucrative investment.There are several flights from the UK and Virgin intends to increase the number of flights to Barbados once the Merricks is completed.Fantastic FacilitiesThe benefit of buying one of these prestigious homes is that you will have the full use of the facilities of the 5 star Merricks Hotel and Spa, which includes- Swimming pools- Tennis courts- Spa, managed by a well known spa management company- Gym- Restaurants- Bars- Local shopsThe developer of Merricks Resort is creating a beautiful, tropical resort with water features, palm trees, banana plants and many sub tropical flora which will create a wonderful setting.Resort UnitsThere will be an impressive range of residences including 101 Cabanas and cliff-top villas and 600 studios, apartments and penthouses.The maintenance fees/service charges are estimated to be in the region of 125pcm, this will cover utility bills, maintenance fees, insurance etcCabanasSemi-detached Villas boasting a private plunge pool and private lanai area. All Cabanas will be no further than 500 meters from the sea.The closing costs are around 1.5%Rental ProgrammeThere is a guaranteed rental income paid to investors of up to 10% per annum for 2 years followed by 5-year 50% share of the room rate, where expected rental returns are likely to be in the region of 15% to 20% per annum.5 Star accommodation in Barbados runs at a constant 85% occupancy level, and are booked out months in advance.Barbados is viewed by many people as the safest betin the Caribbean in terms of capital growth. To our knowledge, Barbados has never suffered from a property recession and property prices have increased steadily for the past 50 years.How To Reserve a Unit1,000 non-refundable reservation fee, 10% deposit within 15 days less above, 20% payment within 45 days after reservations, 70% balance on completion (stage payments are due throughout construction, but the developer can meet these with developer loan on behalf of the client, interest will accrue on each stage payment as it is released.)The developer is looking at various options to be able to offer 70% finance (LTV) that is due on completion (subject to status).Should you choose to borrow the 30% deposit, the developer will pay the loan interest, for the 30% deposit until completion of the specific unit you have reserved. These payments will then be added to the purchase price upon completion.Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is anticipated that the value will have grown and therefore you will be able to pay for the purchase price less 1000 as well as the accrued interest on the loan for the deposit.

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