Dolphin Estate, Cayman Brac,
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Prices from: 60,000 |
Overview
The Beautiful Cayman Islands
Turnkey Investment Opportunity
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Freehold Contemporary Villa Plots for £60,000.00
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5 year INTEREST FREE finance
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Guaranteed Return of 20% over 5 Years
Completion Date: Roads & Infrastructure Phase I - 1st Quarter 2010
Phase II - 1st Quarter 2011
Phase III - 1st Quarter 2012
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. The Cayman Islands is an ultra-elite island destination with 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.
Located on the west of the island, Dolphin Estate is a short distance from white sandy beaches and warm, shallow waters, which is an ideal place to relax and soak in the sun. There is also a nearby town with a number of welcoming restaurants serving local dishes made from the fish caught fresh that day.
The more adventurous may want to try Scuba diving around the islands newest attraction, the wreck of a Cuban naval frigate, which was intentionally sunk off the island's northwest coast in September 1996. The ship wreck has created new coral reefs, which encourages a whole host of sea creatures to thrive and flourish, making diving in the area a breath taking experience.
Freehold Building Plots
Dolphin Estate 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
- 5 Year INTEREST FREE finance
- SIPP Approved
- 112% Growth in land prices over 7 years (Remax)
- 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
- Safest Islands in the Caribbean
Developer Buy-back Option
Investors seeking a guaranteed return on their 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 £72,000.00.
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 £12,000.00.
Guaranteed Return
Accrued Accrued Annual ROI
Investment Return
Year 1 £20,000 £2,400 12.0%
Year 2 £30,000 £4,800 16.0%
Year 3 £40,000 £7,200 18.0%
Year 4 £50,000 £9,600 19.2%
Year 5 £60,000 £12,000 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 (£72k) 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.
What is a SIPP?
A Self Invested Personal Pension (SIPP) is a Registered Pension Scheme for the purposes of Section150 of the Finance Act 2004, and is a product regulated by the Financial Services Authority (FSA).
SIPPs are designed for people who want to manage their own fund by dealing with, and switching their investments when they choose. With standard personal pension schemes, investments are managed within the pooled fund the contributor has chosen. SIPPs, however, are a form of personal pension scheme that give individuals the freedom to choose and manage their own investments. SIPPs may allow one to select from a range of assets, which include certain types of real estate.
Further details available upon request.
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 favorable 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
Location
The Cayman Islands comprise Grand Cayman, Cayman Brac and Little Cayman and lie south of Cuba and north west of Jamaica, time zone GMT -5.
Cayman Brac is the second largest of the Cayman Islands with a population of about 2,000 people. It is 12 miles long and 2 miles wide and is easily identified by the sheer limestone brac (bluff) that runs through the centre, giving the island its name. At 140 feet above sea level it is the highest point of all the Cayman Islands and home for much of the local wildlife.
Dolphin Estate is located on the west side of Cayman Brac.
Although the island is predominantly limestone, the shoreline is punctuated by powder white beaches and excellent restaurants serving quality local food in the traditional Brac style. Cayman Brac has a well-established infrastructure including many facilities not readily available on other small islands. These include an impressive medical facility, schools providing both primary and secondary education, a new boating marina and a FIFA approved football pitch.
To facilitate further expansion and attract new developments on the Brac, the government has waivered certain planning fees and, in some circumstances, import duty.
The Island is served by Gerard Smith Airport providing a daily inter-island service to both Little Cayman and Grand Cayman. Cayman Airways has launched a new weekly service from Miami which, for the first time has opened up the Brac to direct international travel.
Project Facilities
Dolphin Estate plots are 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.
Dolphin Estate - House In A Box
House In A Box is a turn-key design and build solution offering a choice of three contemporary villa design concepts.
Villa Type A: Single level 2 or 3 bed Villa
Villa Type B: Split level 3 or 4 bed Villa
Villa Type C: Duplex 2 + 2 bed Townhouse
Each villa design has been dedicated to a specific plot location that can be found on 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.
Project Management:
The Developer's Project Management Services is a facility that realizes the dream of building a Caribbean property. They use the best professional consultants and work closely with them in the design, planning, costing and construction stages of each project. A lengthy and challenging process is now expedited to deliver a unique, personalized, 
contemporary house in less time and at a fraction of the price than if the venture was undertaken independently.
By selecting the Developers Project Management Services, the responsibility for the planning, execution and delivery is placed in the hands of an experienced on-site team. The relationship with contractors, suppliers, consultants and tradesmen means that a high quality product is delivered on time and on budget.
Finishing Design Services:
Finishing details are selected before submitting the final plans to the Cayman Planning Authority. The selection is made from a variety of carefully designed and pre-determined items including, but not limited to: garden and pool design, kitchens, bathrooms, flooring, internal doors, furniture, soft furnishings, textiles, audio visual, lighting and security.
A dedicated project manager will be on hand to assist in the simple process of configuring the desired property.
The finishing design service is a facility reserved exclusively for House In A Box clientele.
For further information the House In A Box brochure is available upon request
Price & Payment Terms
| Property Type | GBP | EUR | USD | AUD |
| Land plots starting from | 60,000 | 0 | 0 | 0 |