South Caicos Apartments

11/13/2008 - Richard Prescott

REF: CASINO RESORT & MARINA Superb 1 bedroom Apartment in South Caicos Turks and Caicos Islands Caribbean for sale for 305,000 USD contact Richard Prescott for details. The Apartment is over 900 sq ft and has 1 bathrooms marketed on 13 November 2008.

Apartment Off-plan in South Caicos Turks and Caicos Islands, Caribbean

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Bedrooms: 1

Bathrooms: 1

Size: 900 sq ft

Price: 305,000 USD

(EUROS) € 213,836
(GBP) £ 186,599
(US) $ 305,000

Finance this property from 907.38 USD (€ 636.16/ £ 555.13/ $ 907.38) per month - see our Caribbean mortgages info

Apartment Description

Caicos Beach Club Resort and Marina is located on South Caicos in the tranquil British Crown Colony of The Turks and Caicos Islands in the Caribbean. The Island of South
Luxuary one bed apartment

Caicos (Caribbean) is approximately eight square miles, a lofty One Hundred Sixty Feet above sea level, an International Airport, the nations finest natural harbour, and World Class wind and water sports.

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 $250,000 US
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

Richard Prescott
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Caribbean Mortgages: Example for REF CASINO RESORT & MARINA

( Apartment Off-plan in South Caicos Turks and Caicos Islands, Caribbean )

Interest only mortgage

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 91,500 USD
70 % Financed = 213,500 USD
Monthly mortgage repayment = 907.38 USD (€ 636.16/ £ 555.13/ $ 907.38)

Capital repayment mortgage:

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 91,500 USD
70 % Financed = 213,500 USD
Monthly mortgage repayment = 1159.2 USD (€ 812.72/ £ 709.2/ $ 1159.2)

Correct as at Thursday, July 29, 2010