BELOW ARE SOME OF THE LATEST IMAGES OF CAICOS BEACH CLUB RESORT.
including Feb 2011 construction updates

Photos of Clubhouse, Building D, Building D Floor Tiles, A Bathroom in Building D ,Patio Door in Bedroom and a Kitchen in a Building D Condo

Please contact us to find out the latest deals in the Florida State area from just $60,000 for a single family home giving yields of 8 -12% and a fully turn key solution which is ideal for the ‘armchair’ investor. We have partnered with a very experienced Wholesaler who has been in the property business for 30 years in Florida. Today is a great opportunity to take advantage of the distressed prices that are currently available in the USA

The collapse of the American mortgage market has produced an extraordinary once in a lifetime investment opportunity. As we have all read about, the banks were forced to increase their capital requirements and enforce strict mortgage lending criteria which resulted in millions of foreclosures as owners could not refinance and home values went under water dramatically across the whole of the USA. Faced therefore, with extreme negative equity on their properties, millions of US homeowners opted for bank foreclosure (repossession), rather than face the prospect of many more years of negative equity as poor credit histories in the US can be totally removed after just three years. This shift away from home ownership ( at its peak it was 69%) has meant a shift towards rentals, driving up rents and thus yields, as millions of ex-homeowners sign up as tenants. Even Hedge Funds are now buying bulk purchases of multi family homes for their portfolios

In the past 5 years 4 million homes or 3 % have been repossessed in the USA compared to 187,000 in the UK ( 0.7%) . Another 3 million owners will go into foreclosure over the next 4 years with 20% of mortgages under water.

Analysts say that property in the US is now 23% undervalued compared with disposable income and 10% undervalued compared with rents. In the UK prices are 19% overvalued compared with income and 25% overvalued compared with rents!

With our partner we have identified distressed and short sale properties in Port St Lucie, Florida which are available to purchase with clean title and completely refurbished with brand new kitchens and bathrooms. We offer a 100% turn key solution offering management and sourcing of referenced tenants.

Port St Lucie is just 1.5 hours east of Disneyland in Orlando and 2 hours north of Miami. It is also only 2 hours from Daytona Beach with some of the world’s best beaches nearby. Corporate companies Headquarters located here consist of Liberty Medical (2500 employees) and QVC ( 1000 employees) along with a PGA Championship course and the NY Mets spring training facility. The average worker earns $30-50,000 per year and the area has a lot of medical professionals who are looking to rent whilst working at the local hospitals (Martin Memorial and Long Wood ) A Six Flags theme park is being built soon

Thus rent demand is driven by the area itself which is of great piece of mind for savvy investors

Call +1 917 902 5160 or +44 797 015 3772 for further information

Resort Residence Purchase Price (Phase I)
Residences Have Either An Ocean View, Sound View…Some Have Both!

Buildings A, D and J

Buildings A, D and J

The 60,000 square foot fully air-conditioned clubhouse will feature an internationally renowned spa, state of the art fitness centre, full service beauty salon, various game rooms including adult gaming, virtual reality golf room, cocktail lounge with entertainment, fine dining room and informal cafeteria-style restaurant, supervised children’s hobby/craft room, private meeting room for conferences or private parties including weddings that will accommodate over 100 people, library and computer room centre. There will be over three acres of sparkling pools with fountains and spas- a lap pool, game pool and infinity edge pool. The expansive patio area will invite you to relax and enjoy the spectacular sunrise or sunset where you can also find outdoor dining, bar area and entertainment. Caicos Beach Casino Resort & Marina is a one-of-a-kind, hard to find get away location for the entire family.

Designed for comfort, safety, durability and economy
Longer Building Life, Lower Maintenance Charges, Higher Residual Value In addition to our attention to long term maintenance and value, we have paid special attention to our energy cost by engineering an energy efficient, environmentally safe infrastructure.

Caicos Beach Club has breathtaking water views from every eloquently appointed Resort Residence due to the land topography (0 to 160 foot above sea level) and site planning. The Residences have magnificent ocean views of the Windward Passage, the natural barrier reef, breathtaking sunrises and spectacular sunsets. Many units having views of both sunrise and sunset!

We have negotiated with the developer a special offer  They have a few Units that are going to be sold as follows: Fourth Floor Ocean/Sunrise View One Bedroom Unit, Price $250,000, all cash. These Units are currently listed for $389,000 on the website and the average current price of an Ocean View One Bedroom Unit in the Turks and Caicos Islands is approximately $600,000.

The Purchaser is not required to close until 3 years from contract. At that time the Developer will buy back the Unit for $325,000 ($75,000 profit, 10% annual return and no closing costs) or the Purchaser can close on their Ocean/Sunrise View One Bedroom Unit.  Although the Purchaser is not required to close when the unit is ready for occupancy, the Purchaser can place their Unit in the rental program at that time. This will enable the Purchaser to evaluate the rental income for 12 to 18 months prior to either closing on their Unit or exercising the Developer buy back.  If the Purchaser closes on the Unit they will receive this rental income less expenses at closing.

The Purchaser executes a Purchase Agreement with the Developer. When the Resort Residence is ready for occupancy it is automatically placed in the rental program prior to closing. The addendum to the Purchase Agreement will contain the following two (2) options:

1)    3 years from execution of the Purchase Agreement the Purchaser can elect not to close on their Resort Residence and thus take the buy back and profit ($75,000 profit, 10% annual return and no closing costs) from the Developer, or

2)    3 years from execution of the Purchase Agreement the Purchaser can elect to close and receive the net income from the rental program at closing.

This is a great opportunity to purchase and if you don’t like it have the option to give it back whilst making a 10% return!!

Fractional offer

I can also confirm that we can offer fractional sales where buyers can take a half or quarter share as follows:

Whole unit – $250,000 Cash guaranteed 10% buyback ($75,000) after 3 years would return $325,000

Half unit – $127,500 Cash guaranteed 9.8% buyback ($37,500) after 3 years would give $165,000

Quarter unit – $65,000 Cash guaranteed 9.6% buyback ($18,750) after 3 years would give $83,750

If they elect to close on the purchase they would receive at closing the Unit and the income that the Unit made from the time it was placed in the rental program.

The half a Unit purchase shall receive 2 free weeks of usage a year and the quarter shall receive one free week of usage per year.

Scotiabank who have invested $10m in the development already have recently carried out a bank valuation from last year stating a completed unit value of $196M which equates to an average of $400K per unit.

We think South Caicos is a superior place for investors as Phase 1 is already sold out; comparables on nearest island are $615,000 on Proviendiales thus instant appreciation of 40-50 %. Developer has invested to date approximately $120,000,000 in the Development. There is approximately $10,000,000 total in Debt Service on this Development they can count on. National Language is English. Annual Climate is between 77 Degrees F in winter and 84 Degrees F in summer with the prevalent trade winds bringing a constant cooling breeze lowering the overall temperature. Nicknamed the eternal summer, rainfall is light, and there is no rainy season. Within 3 Hours travel time of 300 Million People.

Caicos Beach Club Resort and Marina, Turks and Caicos – Executive Summary

TAX FREE INVESTING:
As a British Commonwealth Nation the Turks and Caicos Islands host a rapidly growing Off-Shore Financial Center offering numerous advantages including but not limited to the following:

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
No Estate/Inheritance Tax
The local currency is the US Dollar
Any Nationality may purchase property
The Crown guarantees Title therefore No Title Insurance is necessary
Land Registry provides details of ownership
Title can be personal or confidential
Permanent Residency Status can be obtained with a real estate investment
of $250,000US
The Turks and Caicos Islands have one of the lowest crime rates in the Caribbean
The Planning and Development Department oversee very strict building codes
The British system ensures a strict legal and political environment
The Turks and Caicos Islands is one of the fastest growing tourist destinations with
annual double digit property appreciation

Own an Asset, not a Liability
Ocean View One Bedroom Rental and Expense Projection

Caicos Beach Club Resort and Marina is not a Time Share or a Liability it is an Asset!

OPERATION OF THE PRIVATE LODGING PLAN

Resort Residence Owners at Caicos Beach Club Resort and Marina will have the annual availability to place their unit in the Private Lodging Plan. Owners who participate in the plan will derive Lodging revenue while still retaining the option to use the Lodging facilities through their Club Membership in Caicos Beach Club.

Caicos Beach Club Resort and Marina will be operated as a Resort Hotel, however, the one difference between Caicos Beach Club Resort and Marina and your local Hotel is that the net proceeds from Lodging Fees go to the Resort Residence Owner who placed the Unit in the Private Lodging Plan, not the Hotel owner.

The Private Lodging Plan will operate as follows:

Caicos Beach Club Resort and Marina

Operation Of The Owner Bonus Plan

Caicos Beach Club Resort and Marina’s goal is to maximize your enjoyment and help you make the very most out of your Ownership. In an effort to meet these goals, we offer our Resort Residence Owners the Owner Bonus Program. Of course, the program is bound by the restrictions as detailed in the the Rules and Regulations, but here are the basics:

Each Resort Residence Owner who places their Personal Residence in the Private Lodging Plan will receive, in addition to the net lodging fees, Two Free Bonus Weeks of usage per year in the Resort Residence type purchased with no maintenance fees or use fees due. While the Resort Residence Owner is enjoying these two free weeks, their unit remains in the lodging plan earning money! If the owner desires to stay in a larger Resort Residence during these Two Free Weeks usage, the Resort Residence Owner shall pay the difference between the posted rack rate of the larger Resort Residence and the Resort Residence owned.
Once the two free weeks have been used that year and the Owner would like additional usage, the Resort Residence owner may call at any time within 14 days of when they would like to come and if the Resort is less than 70% occupied, the owner may reserve any size unit available with the only charge being a housekeeping fee and a nominal administrative fee. Once again while they are vacationing their Resort Residence is still in the rental program.
In addition, if the owner desires to stay additional time during the year (two free weeks have been used), the owner can call at any time without the 14 day and 70% restrictions above and reserve any size Resort Residence available. The Resort Residence Owner shall pay only 50% of the posted rack rate of the Resort Residence size reserved and will still have their Resort Residence in the lodging plan earning revenue.

In fact, not only does the Resort Residence Owner receive the income but they also can have as much usage as they require.

Same as Cayman and Bermuda Unlike Cayman and Bermuda, the US Dollar is the local currency National Language is English. Annual Climate is between 77 Degrees F in Winter and 84 Degrees F in Summer

Off-Shore Financial Center
No direct taxation in the Turks and Caicos Islands
No corporate income tax
No personal income tax
No estate or inheritance tax
No annual real estate tax

C)    Within 3 Hours travel time of 300 Million People

2) The Island of South Caicos

A)    Airport:

US Government put the Runway in, 7,000 Feet Long
Capable of landing 737, 727, DC9, MD 80
New A/C Terminal Building going in
Currently American Airlines, Delta, US Air, Northwest, Air Canada, British Airways, Bahamas Air, Air Jamaica and Charters arrive into the Turks and Caicos Islands (Providenciales)
Arriving from:
Miami, Fort Lauderdale, New York, Boston, Chicago, Charlotte, Atlanta, Toronto, London, Nassau, Montego Bay, Puerto Plata

B)    Cable and Wireless provides telephone, cellular phone and high speed Internet access
C)    Cable Television
D)    Deepest Water Port in the Turks and Caicos Islands
E)     Air Cargo Planes

3)      Company Background

Developers have 40 years experience in the following:

Planning and Architectural Design, General Contractor and Development, Marketing, Sales, Lead Generation, Accounting, Travel Agency/Reservations/Lodger Procurement, Management/Maintenance, Computer Servicing, Financial

4)   Caicos Beach Club Resort and Marina:

A) Approximately 185 Acres on a Peninsula
Elevation 0 to 165 Feet above Sea Level and back down
Traverse the Peninsula
360 Degree view, 7 different colors of water
One Mile of Beach Front/White Powder Sand
Sunrise, Sunset from the same piece of property
Approximately 4 Miles from the International Airport
Developer has invested to date approximately $70,000,000 free and clear in the Development
There is no Debt Service on this Development

B)    Phase 1A is 295 Ocean/Sunrise View One Bedroom Units:

The Units are turnkey with all Furniture, Kitchen Pacs and Linens
Pre-cast, Pre-stress concrete construction including the roof
70,000 Sq. Ft. Clubhouse Building up and roofed
50,000 Sq. Ft. Maintenance/Housekeeping Building up and roofed
100,000 Gallons per day Reverse Osmosis Water Plant on-site
One Million gallons of potable water storage in the ground
Resort Residence Buildings are under construction, Three Buildings are up and roofed, the Fourth is under construction.
Phase 1A is approximately 95% Sold Out
Amenities:
Swimming Pools, Hot Tubs, Pool-side Bar and Grill, Restaurants, Lounge and Entertainment, Duty Free Shopping, All Units Internet Wired, Charter Deep Sea Fishing, Bone Fishing Charters, Full Scuba Diving and Snorkeling Facility including Lessons, Trips and Rental Equipment, Sailing, Para-sailing, Gaming/Casino, Tennis Courts, Health Club and Spa Facility, Convention Facility, General Store, Out Island Tours and Sunset Cruises

C)    Phase 1B will consist of 300 Ocean/Sunrise or Sound/Sunset View One Bedroom Units encompassing all of the above referenced amenities (will be sold as whole ownership and fractionals).

5)  The Investment with a Free Vacation:

A)    Under Construction Pricing/40% to 50% below T&C average price

B)    Annual Income plus appreciation

Instant appreciation 40% to 50%
Lodging Income (see investment proforma)
Annual appreciation, 10% to 20% per year over the last 10 years, statistics from T&C Gov.
The Unit requires only 26 nights of rental per Year at 35% below the current annual rental rate in the Turks and Caicos Islands, not the Seasonal rate which is much higher to cover the annual expenses of the Unit (maintenance fee, use fee and management fee).

C)  Condo/Hotel Unit Purchase:

Purchase of an Ocean View One Bedroom Resort Residence
The Resort Residence can be used for personal use or placed in a Lodging Program.

Personal Use:
As the Owner of the Resort Residence you may use your Resort Residence at any time. There is a monthly maintenance fee and a use fee when occupied.

Lodging Program:
The Resort Residence may be placed in a Lodging program after closing.  This program is offered by a separate company that has a management contract.

In addition to the receipt of net Lodging proceeds, as a member of the Lodging Program, Resort Residence Owners shall receive Two (2) Free Bonus Weeks of usage per year in the Resort Residence type purchased. Neither Maintenance Fees nor Use Fees shall be due from the Owner when utilizing his Two (2) Free Bonus Weeks of usage per year. While the Owner is vacationing, their Resort Residence is in the lodging program earning revenue.  In the event the Owner desires to stay in a larger Resort Residence during the Two (2) Free Bonus Weeks, the Owner shall pay the difference between the posted rack rate of the larger Resort Residence and the Resort Residence owned.

In addition, the Resort Residence Owner may at any time call within 14 days of when they would like to vacation and if the Resort is less than 70% occupied, the Resort Residence Owner may reserve any size Unit available with the only charge being a housekeeping fee and a nominal administrative fee.

In addition to the receipt of net lodging proceeds, a Resort Residence Owner desiring to stay additional time during the year shall pay Fifty (50%) of the posted rack rate of the Resort Residence size reserved while earning revenue from the lodging program at the same time.

D) The maintenance fee, the use fee and the management fee:

The maintenance fee of $300US per month covers the fixed expenses such as insurance, electric for common areas, etc.
The use fee covers variable expenses such as daily maid service, linens, laundry service, additional electric, water, fungibles, etc.
The management fee covers the management cost associated with operating the Resort and Rental of the Resort Units

E)  Equity Club Membership entitles the Owner to the following:

2 Free Weeks of Vacation per year per Resort Residence owned and place in the lodging program
Additional Vacation Time
20% Discounts on everything at the Resort excluding Gaming and Duty Free Shopping

F) Ninety- Nine Year Lease Ownership

Please note the following advantages to owning a Ninety-Nine Year Lease as opposed to Fee Simple Title:

The Developer is marketing the Resort Residences at 40% to 50% below current Market Value in The Turks and Caicos Islands

The Real Estate Transfer Tax in the Turks and Caicos Island is currently 9.75%.  The Developer has negotiated the Transfer Tax from 9.75% down to 3% on the transfer of the Ninety-Nine Year Lease.  For Example, The average price for a One Bedroom Ocean View Resort Residence is $500,000.00US+ as opposed to the current price at Caicos Beach Club of $289,000.00US.  The transfer tax on the $500,000.00US purchase price would be $48,750.00US paid to the Turks and Caicos Island Government at closing as opposed to the transfer tax on a Caicos Beach Club Unit of $8,670.00US or an out of pocket savings at closing of $40,080.00US.

This Resort Residence is not an individual’s primary residence but is, in fact, an investment property.  The average term of ownership in investment properties is between Five to Ten years.  Why then, would someone want to pay an additional $40,080.00US at closing to own a property between 5 to 10 Years.

In addition, if someone were to purchase Fee Simple Title they would not fall under the Developer’s Development Agreement with the Crown, which we call an “umbrella of rights”.  A few examples of rights that would be lost are as follows:

The Purchaser would have to pay duty of 35% on the furniture in their Unit
The Purchaser would pay the higher Transfer Tax illustrated above
The Purchaser would pay Higher Individual Insurance Rates

The Purchaser would have to pay the Resort Residence operating expenses separately and on their own, as opposed to the expenses paid out of the lodging proceeds. Not only would an Owner have to pay the bills on their own, they would pay the bills at a higher rate both by economies of scale (i.e.: the more people that pay the same bill in the lodging program lowers the cost per person) but the rate at which items are charged will be higher, i.e.: an electric

bill paid for a Unit owned under a 99 year Lease is paid at the discounted Developer Electric Rate negotiated in the Development Agreement which is much lower than the regular electric rate charged.

The Developer has the right to import unlimited foreign labor to keep costs down which labor can only be used to operate and maintain the Resort Residences operating under the Development Agreement.

Although there are currently no annual real estate taxes in the Turks and Caicos Islands, one never knows if this may change in the future.  In the Development Agreement if any taxes whatsoever are ever imposed, the Developer has a 25 Year exemption from these taxes which term commences to run from the Completion of Phase I.  By way of example, at the current real estate tax rate in the State of Florida, on a $500,000.00US property value, the annual real estate taxes would be approximately $10,000.00US.

These are just a few examples of why someone would want a Ninety-Nine Year Lease and the protection of the Developers Development Agreement as opposed to receiving Fee Simple Title, which does not carry these rights.  In addition, every time a cost is increased the annual return on investment decreases.