Share or apartments in full ownership in an oceanfront university complex

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Grenada, St. George's
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1 Bedrooms
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1 Baths
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ID GRD52628

from $220,000

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

$220,000 — $350,000

Distances

Ocean 100 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 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, 32 sqm 350 000$. 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 without possibility to live in apartment are offered:
  • $220,000 - fractional 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 January 2024. The possible rental yield of 3,5% is paid after the facility is put into operation.

Real estate

Object category

New

Object stage

Construction

Permits

Yes

Object completion date

January 2024 (1 phase) - 2033

Design features

Ownership

Characteristics

Bedrooms

1

Baths

1

Parking

No

Renovation

Standard

Furniture

Furnished

View

Mountain, Ocean

Properties

Balcony
Covered deck
Gym
Garden on the plot
Internet
TV

Location