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Description
St.
Lucia is becoming one of the most sought after islands with
leading real estate options. Now comes a development with
numerous accommodation options and amenities to offer any
interested investor or anyone who has fallen in love with this
beautiful island.
Baywalk
Apartments offer 35 two-, three- and four bedroom apartments
built above a shopping mall which will contain the first casino
in St Lucia, shops, boutiques, 2 high street banks and
restaurants on the first two floors. Owners of the apartments will have access to these amenities
as well as the added joy of St Lucia’s best beaches and the
Rodney Bay nightlife just a short walk away.
The purchase price includes the main appliances, but
owners will have the options of furnishing the apartments
themselves or choosing from different furniture packages from an
assigned interior decorator.
Construction
of the Baywalk project began in August 2007 and is due for
completion within 2 years.
There will be 24 hour lobby security and elevator access
for all apartments and secure and exclusive indoor parking for
owners and their authorized visitors.
Other Information
Rental
Pool: There will be no restrictions in whether an owner lives in or rent their
apartment. Buyers wishing to rent their units will do so through
the Baywalk rental pool. Rental profits will be split 50/50
between the management and the owners. Advice will be given to
all buyers on rental projections and expected Return On
Investment (ROI).
Mortgage:
Buyers
needing a mortgage to purchase a Baywalk apartment can apply to
FCIB or RBTT, who are financers of the Baywalk project. Loans
will be available for up to 60% of the purchase price, with
favourable terms and conditions.
Service
Charge: There will be a service charge of US$400 per month (estimated) to cover
for the communal facilities, upkeep to the external of the
apartments and building insurance. The service charge represents
exceedingly good value for money and leads to very low
maintenance cost for apartment owners.
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