This property qualifies for the
Grenada Citizenship by Investment programme.
Caribbean citizenship via real estate investment.
The six-storey refined modern design building boasts an enviable location in the heart of Grenada’s most popular residential property area, known for its property prices and the highest rental income rates on the island. The residence is only 5 minutes drive from Maurice Bishop International Airport and Grenada’s famous beaches, as well as within walking distance from city infrastructure and most importantly, right in front of the entrance to St. George’s University. The location makes it the preferred choice for university students. To date, the property operates full-time, with the majority of its tenants being St. George’s University students. Thus, this business model is not related to the performance of the travel and tourism industry, but to the work of the university. The residence has studios, 1 and 2 bedroom well furnished apartments with private balconies and stunning city views. Facilities: Individual patio Intercom Washing machine High speed internet service Smart LED TVs Air conditioning Key card Prepaid electricity bill Digital headboards with electronic consoles The residential development also has the following services: Fitness club Mediterranean restaurant Fantastic sky lounge and rooftop bar Modern conference room Student lounge Safe Limited parking Illuminated garden with barbecue grill 24 hour security All investors will receive a guaranteed return of 3% per annum for their investment in a studio, one-room or two-room apartment. This percentage refers to the total amount payable to the investor as all operating and owner expenses will be covered by the company. It is possible to live permanently in the apartment but without return. After five years of ownership, investors
have the option to do the following:
#1: Accept an optional buyback agreement directly from the developer
• Value of property will be assessed by an independent valuator
• Details outlined in buyback agreement signed when purchasing property
#2: Sell the property to another CBI Investor
• Sale must involve the developer given that the residence is part of a
larger development
• A fee of 6% is paid to the developer upon selling the property
#3: Retain the property
• Investors have the option to retain the property; however, they may be
subject to higher management and other fees after 5 years of ownership.
