Apartments in a residential complex by the ocean

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Grenada, Morne Rouge
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35 m² — 93 m²
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1 Bedrooms
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1 Baths
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ID GD4397

from $290,000

35 m² • from $6,064.52 m²
Elena Kozyrevaexpert of the Grenada residence permit program for investment
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Grenada Citizenship

$150,0006+ months

Property is approved by the government for participation in the program and obtaining Grenada citizenship.

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Cost

Property cost

$290,000 — $564,000

Price for m²

$6,064.52 — $8,285.71

Distances

Ocean 50 m
Infrastructure 500 m
Airport 6 km

Yield and management

Yield

3-5%

Property management

Yes

We will help you sell the object if you decide to exit the investment

Description

The project is represented by a newly built condominium on the seafront, which includes 21 fully furnished apartments. The complex is located just a few steps from Morne Rouge Bay.
All apartments are fully furnished and have a panoramic terrace or patio with stunning views of Morne Rouge Bay. The units represent a full ownership option, the buyer has to pay a monthly condominium fee which is used to maintain the common parts of the complex and varies depending on the size of the unit. The developer offers comprehensive management services on behalf of the owners with a stable 100% occupancy 12 months a year, including waiting lists for the year, resulting in a gross annual return on investment that ranges from 3% and 5% depending on the cost of renting an apartment. All apartments are rented for long-term, starting from a minimum rental period of 6 months.
Available:
  • Studio 93 sq.m. $564,000 (sea view)
  • Studio 35 sq.m. $290,000
It is possible to purchase half of the studio.

Real estate

Object category

New

Object stage

Ready

Permits

Yes

Design features

Ownership

Characteristics

Total area

35 m² — 93 m²

Bedrooms

1

Baths

1

Parking

Yes

View

Ocean

Properties

Covered deck
Garden on the plot
Internet
TV

Location