- July 28, 2017
- Posted by: CIP Journal
- Category: Real estate
La Pointe is an exclusive villa & spa resort, located in Grenada, one of the more quiet and unspoilt Caribbean islands with 63 premier villa residences. This five star resort offers its residents and guests a destination experience with superb facilities and activities including a world class spa, fine dining at its restaurants and a variety of sporting activities.
La Pointe is situated on the East Coast of Grenada – one of the quieter Caribbean islands. Located approximately 40 minutes from the Maurice Bishop International Airport and 10 minutes from Grenville – the second largest town. A private and protected bay, Set in 30 acres of Caribbean rainforest that roll gently down to its own white sandy beach, the living will be richly elemental.
La Pointe is an 8 to 9 hour flight from London and just 5 hours from Toronto.
- World class spa & saunas offering the full range of treatments
- Yoga, meditation & wellness pavilion
- Selection of restaurants offering guests a wide culinary choice, from fine dining to informal pool-side alfresco dining, relaxed beach bar snacks and health bar options
- 24 hour concierge service
- Infinity edge swimming pool
- Pool lounge bar
- Clubhouse, featuring fully equipped gymnasium, health bar, sport and media room
- Beach bar
- Tennis courts
- Bowling & croquet lawn
- Conference room
- Child care facility
- 900 ft private white sandy beach
- Scuba Diving
- Deep sea fishing
La Pointe is an approved development under Grenada’s Citizenship by Investment Program, there are two investment options.
Grenada’s Citizenship by Investment Programme was launched in August 2013 and allows individuals and their families to obtain Grenadian citizenship through investment in an approved real estate project.
The minimum property investment thats qualifies for Grenadian citizenship is USD 300,000
Full Ownership – Lease Back Investment
All property types may be purchased on a freehold basis and be managed by a world-class resort operator. The owners will receive 50% of the net revenues produced by their villa, after costs have been deducted . The rental revenues will be pooled based on villa type so owners benefit from the overall performance of the resort. Yields are anticipated to be between 3 % to 8% over the first five years and there is a great opportunity for investors to take advantage of the early buyers’ discount and benefit from immediate capital gain of approximately 20% over the first two years
Owner investors will also have 8 weeks per annum to enjoy the lifestyle and service on offer at La Pointe, with all the special benefits afforded to villa owners.
Full Ownership – Residence
For those owners who may be looking for a permanent residence at La Pointe or private use of their villa, the option is also available to purchase a freehold property with no leasing contract.
Resident owners will also enjoy all the benefits afforded to villa owners and the 5 star services provided by the Resort. There is also the flexibility to join the leasing programme at any stage.
Subject to availability, a selection of all property types may be purchased on a fractional basis whereby six weeks exclusive usage of the villa per annum, or multiples thereof, may be purchased.
Fractional owners also have the flexibility to include their share of the property in the leasing programme and enjoy a return on their investment.
Citizenship by Investment
OPTION 1 – SHARES & CONVERSION OPTION
The investor may purchase and own redeemable, preference shares in La Pointe (Grenada) Inc. and upon completion of the property, will convert the preference shares into an equity share in a villa, whether under the Citizenship by Investment programme or otherwise.
La Pointe (Grenada) Inc. is the Development Company, who owns the land designated for the Project.
OPTION 2 – FULL PURCHASE OF A VILLA RESIDENCE
Available with full title deed