Share or apartments in an oceanfront university complex

Share or apartments in an oceanfront university complex
Grenada, St. George
ID – GRD52628
Price
from 220 000 $
Beds
1
Bathrooms
1

Price

Selling price 220 000 $ - 350 000 $

100m

to the ocean

6km

to the airport

500m

infrastructure

Profitability and management

Real estate yield (year) 3 - 5%
Property management Yes

Assistance in the sale of the object upon exiting the investment!

Description

The project is presented by the university complex, which will be built on a 60-hectare site on the ocean in Hartman Bay, the only real estate education project approved by CBI programs. This is a first-class educational real estate complex providing an excellent academic environment and support services for families of international students, tourists and retirees. The project is a university campus with retail and entertainment facilities. It is located 2 km from St. George’s University, which can be reached by the free university shuttle bus. The developer is also negotiating with a US university to open a campus as part of this project. The road connecting the project and the city is built.

It is possible to buy 1-bedroom apartment fully furnished with an ocean view, 60 sqm. A variety of amenities are available to residents, including gym, cafe, laundry, office facilities, etc. The developer provides comprehensive property management services such as rental, resale and maintenance.

The following investment options are offered:

  • $220,000 – fractional ownership
  • $350,000 – free hold ownership

The construction of the complex consists of four phases of construction (the fourth phase – villas) and will take about 10 years to complete. The start of construction is March 2021. The first phase will be completed in 2022. The indicative rental yield of 3-5% is paid after the facility is put into operation.

The property

Object category New house
Object stage Construction
Permits On hand
Construction start date March 2021
Object completion date 2031
Design features Share

Characteristics

Bedrooms 1
Baths 1
Repair Standard
Furniture Furnished
View mountain, sea

Equipment

Properties

Balcony Сovered deck Gym
Garden on the plot Internet TV

Location

Grenada, St. George

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Svetlana
Gorchakova

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