Why invest in South Caicos

admin — Fri, 28 Jan 2011 12:35:51 +0000

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.

Executive Summary

admin — Fri, 28 Jan 2011 12:33:38 +0000

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

Caicos Beach Club Resort and Marina is currently offering Ocean/Sunrise or Sound/Sunset View One Bedroom Resort Residences at 40% to 50% below the competition in the Turks and Caicos Islands. All Resort Residences at Caicos Beach Club Resort and Marina are either direct ocean or sound view. Simply click the website listed below to research the competition’s selling prices and rental rates. Remember, you must compare an Ocean View Unit to an Ocean View Unit, not an inland property or garden view Unit to Caicos Beach Club Resort and Marina where once again, all Resort residences are either direct ocean view or direct sound view residencesPlease note that some properties listed under accommodations do not have Units for sale.

The Caicos Beach Club Resort

Caribbean Property at the Caicos Beach Casino Resort & Marina are currently available to buy off plan at 50% under market value.

Caicos Beach Club Resort

All apartments in the Caicos Beach resort have sea views, are fully furnished and good rental potential

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

Average Rate Per Night	55% Occupancy	60% Occupancy	65% Occupancy	70% Occupancy
Gross Income at $299/night	$60,024	$65,481	$70,938	$76,395
Maintenance Fee	$3,600	$3,600	$3,600	$3,600
Use Fee	$11,041	$12,045	$13,049	$14,053
Management Fee	$18,007	$19,644	$21,281	$22,918
Average Net Rental	$27,376	$30,192	$33,008	$35,824
Two Week Bonus	$4,186	$4,186	$4,186	$4,186
Gross Net/year (including 2 free bonus weeks)	$31,562	$34,378	$37,194	$40,010


	Assuming 55% occupancy at $299 per night, the gross income would be $60,024 per year.
	After deducting the estimated expenses for maintenance, use and management fees, the gross net return is $27,376 per year. The use fee and management fee is only charged when the Unit is occupied.
	Gross net per year, including the two free weeks use valued at $4,186 ,is $31,562 or a 10.9% return per year on the $289,000 purchase price.
	Assuming 30% down, the purchase price with the appropriate under construction discount will be $289,000 and the down payment would be $86,700.
	10 Year balloon note (202,300) at 8% interest only would be an annual interest payment of $16,184.
	Gross net per year is $27,376 and the two free weeks valued at $4,186 is $31,562 or a 36.4% return per year on the $86,700 invested (cash actually in).
	The $31,562 less the interest payment of $16,184 per year shall net $15,378 per year or 17.7% based on the $86,700 invested (cash actually in).
	The above Proforma does not include the annual appreciation which has been between 10% and 20% per year over the last eight years. The current annual 2003/2004 per night rental rate for an Ocean View One Bedroom Unit in the Turks and Caicos Islands is $434. The above proformas are based on $299 per night or approximately 32% less than the 2003/2004 annual rental rate, not the high season rental rate which is much higher.

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:

	Gross Lodging Fees for a quarter are received
	Gross Expenses for the quarter are deducted
	Net Lodging Income is placed in the Private Lodging Plan Account and divided among all Unit Owners in the Plan according to their respective membership interests.

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.

Knightsbridge International Investments » Investment Proforma

Why invest in South Caicos

Executive Summary