Off Plan Planet - Royal Birkdale, Grand Cayman, Cayman Islands

Royal Birkdale, Grand Cayman,

Overview

The Beautiful Cayman Islands

Turnkey Investment Opportunity

Freehold Contemporary Villa Plots for £150,000.00
5 year INTEREST FREE finance
Guaranteed Return of 20% over 5 years

Completion Date: 1st Quarter 2011

Bathed in the sparkling waters of the Caribbean Sea lies a unique offshore banking haven that boasts an enviable combination of international glamour and desert island beauty. This ultra-elite island destination has an abundance of white powder beaches and the highest standard of living in the Caribbean.

Governed under British common law and famed for the absence of direct taxation, the Cayman Islands have become one of the richest and most privileged populations in the world.

Royal Birkdale is located on the Northside of the island in an area known as Millionaires Row and just a short walk from the famous Rum Point Beach.

Spectacularly situated amidst the trees and distinguished by stunning vistas of the Caribbean Sea, Royal Birkdale features a private four hole golf course for residents that provides many homes with a wonderful fairway view. With private beach access, the powder soft white sand and the crystal clear turquoise water is only footsteps away.

Not far from Royal Birkdale is 'Rum Point' which is famous for its beach bars, island atmosphere, idyllic beaches and shallow clear waters. The pace of life on this part of the island makes it a perfect destination to relax and unwind.

Freehold Building Plots

Royal Birkdale offers freehold building plots delivered with full infrastructure in place, including an asphalt road and connectivity to the island's power supply. Infrastructure typically completes within 1-3 years from date of purchase. Once payment terms are fulfilled investors will receive full title on their plots granting them freehold ownership. This is protected and guaranteed by the Cayman Island Government Land Registry Department.

Key Points

No income tax, no inheritance tax, no capital gains tax and no tax on non-residency
5th largest offshore financial centre in the world
High net worth employees from financial institutions, including UBS and Merrill Lynch, provide an established and wealthy end user to the housing market
No legal restrictions to foreign ownership of property
Title to property is granted and guaranteed by the Cayman Islands Government
British Territory with a long-standing stable government that operates under British Common Law
Tourism contributes 30-40% of GDP output
The islands vast unspoiled beaches, world class diving, luxury brands, duty-free shopping and signature golf courses attract 1.8 million visitors each year
Strong commitment from the government to promote and stimulate long-term investment in all sectors of the economy
Airport expansion programme, which will triple terminal capacity and facilitate new air routes between USA, Canada and Europe
Over 55 weekly inbound flights to Grand Cayman including 28 from Miami and direct flights from Heathrow with British Airways and from Toronto with Air Canada
The launch of a new weekly flight from Miami direct to Cayman Brac is opening up the Sister Islands to direct international travel

Developer Buy-back Option

Investors seeking a guaranteed return on the investment have the choice to include a developer buy-back option when purchasing a plot.

The buy-back option provides the Developer with the opportunity to repurchase a plot at any time during the 5 year payment period.

By exercising the buy-back option, the Developer agrees to purchase the land at 20% above the purchase price. This equates to a total re-purchase value of £180,000.00.

In exchange for the buy-back option the Developer agrees to pay the investor a guaranteed return of 20% over 5 years (4% per annum). This equates to a total 5 year yield of £30,000.00.

Guaranteed Return

Accrued Accrued ROI
Investment Return

Year 1                 £46,000                     £6,000                      13.0%
Year 2                 £72,000                     £12,000                    16.6%
Year 3                 £98,000                     £18,000                    18.4%
Year 4                 £124,000                   £24,000                    19.3%
Year 5                 £150,000                   £30,000                    20.0%

If the buy-back option is exercised the investor will still receive the full 20% return with the outstanding balance compounded into one final payment.

The buy-back value is calculated as the re-purchase value (£180k) minus the balance due on payments, plus the compounded return.

Exit Strategy - With the Buy-back Option

The Developer predicts that land prices will increase significantly over the next few years. The Developer buy-back option allows the Developer to repurchase plots complete with infrastructure and a turnkey architectural project at a fixed price whilst still providing a strong return for investors.

If the clause is not exercised after 5 years, the investor is free to independently sell the plot and turnkey architectural project at market value, whilst retaining the guaranteed yield of 20%.

Exit Strategy - Without the Buy-back Option

The completion of infrastructure and the inclusion of House in a Box significantly enhances the potential sales value of each plot. The addition of a turnkey architectural project is perfect for buyers who are looking for a simple, stress-free solution to building a property in the Cayman Islands. This unique selling point gives this product a competitive edge in the current market.

Based on the growing demand for quality modern housing in the Cayman Islands and strong predictions for population growth, there is an expanding local and international market for turnkey land opportunities and constructed properties.

The Developer has plans to establish a Sales & Project Management office in the Cayman Islands in the beginning of 2011. Resale plots can then be marketed locally on behalf of investors.

House In A Box

Plots are delivered with a turnkey architectural project from a choice of three villa designs determined by the master plan of each site. A full suite of bespoke architectural drawings for each plot has been developed along with all the construction documentation required to build a dream home in the Cayman Islands.

House In A Box is a turn-key design and build solution. It presents a choice between three contemporary villa design concepts. Each villa design has been dedicated to a specific plot location that can be found on the ‘Master Plan' of each site.

Uniformity of the payment structure provides the investor with the freedom to choose a plot based on the villa design and location rather than the price.

A full suite of bespoke architectural drawings is delivered for each plot including all the construction documentation required to build a dream home in the Cayman Islands.

Once instructed, the Developer will submit the documentation and architectural designs necessary to obtain the licenses for construction. They will then project manage the tender process and the construction of the property.

Why is it called House In A Box?

Project managing the construction of a new property involves a dizzying array of procedural paperwork to organise and a host of different departments with which to liaise. The Developer has the knowledge and experience to manage this process. All the relevant information is collated into a clear and easy to understand package that provides everything that is required to allow building work to commence.

For further information the House In A Box brochure is available upon request

Climate

The Cayman Islands boast an exotic tropical climate throughout the year, with trade winds moderating high temperatures which range from 25 degrees centigrade in winter to approximately 30 degrees centigrade in summer.

High season runs from December to April when temperatures are generally cooler and more favourable for tourism. The rainy season is typically from May to October with short burst showers.

Strict building codes are in place to withstand hurricanes and the government has appropriate measures in place to prepare for such conditions and offers a hurricane protection policy guarantee in order to maintain tourism growth.

Useful Links

http://www.caymanislands.co.uk/

http://www.caymanislands.ky/