Phase 1 sales event last year achieved close to $175 million, which resulted from the sale of 81 luxury units. Reservations are being accepted for the 59 remaining residential units, with a great number of reservations already secured in anticipation of the May event. Villas at Viceroy Anguilla range in price from $5-7 million, while resort residences range from $850,000 for a studio to $4-5 million for a penthouse.

Situated on over 36 lush acres, with 3,200 feet of beachfront land along Barnes and Meads Bays, Viceroy Anguilla Resort & Residences is a superbly designed array of luxury homes comprised of individual villas, town homes and low-rise resort residence buildings: 35 freestanding 4,300 to 6,000 square-foot villas of four bedrooms, each with is own private infinity pool, and 115 resort residences, each with its own heated plunge pool. Resort Residences will be offered as studio, one-, two-, and three-bedroom units ranging from 750 to 2,500 square feet each. In addition, a limited number of flexible floor plans will be offered for buyers wanting penthouses of up to 3,350 square feet.

A bluff-top restaurant and lounge, complete with infinity pool, will offer fine dining and some of the most striking sunset views in the world. The resort will also feature a world-class, 12,000 square-foot spa and fitness centre and an innovative Kids Club offering supervised activities such as tennis instruction, nature walks, fitness classes, and arts and crafts, as well as childcare services. The beachfront Sea Sports Centre will offer guests choice of a wide range of non-motorized water sports including sailing, windsurfing and snorkelling. Additional amenities include meeting rooms, sports courts, tennis courts and three swimming pools.

Los Angeles based Kor Hotel group is developing this project, which is set to open in 2008.

A luxury resort; only for the privileged few with studios starting $850,000 not many of us will be investing in this one!

Nakheel Hotels & Resorts announces its first international hotel in Djibouti on the East coast of Africa. After reporting on Emaar’s expansion into Turkey a few posts ago, it seems that all the Dubai developers are now moving further a field.

Nakheel Hotels & Resorts will be working in partnership with the Kempinski Hotels and Resorts for this 400 room five-star Djibouti Palace Hotel. The hotel is part of a large integrated development, which will also include a number of residential types (furnished and unfurnished apartments and villas), commercial offices and retail opportunities.  Nakheel is also working on other leisure developments within the country of Djibouti, which include a mountain top spa and island resorts.

For more information visit the Nakeel Website.

Looking to invest in an overseas offplan deal?

Offplan can offer property profiting potential in any market. But you need to invest wisely. Here are five questions to ask…

How accurate is the valuation?

It’s relatively easy to predict the value of a property that’s being built. You can find out what comparable properties are selling for, how much of a premium to add on for a new-build and where the market is heading.

What you want to know is how much you could sell that property for today if it were finished. You then have to decide for yourself what is going to happen to prices between now and completion. From this, you can estimate the likely increase and the profit potential.

How do you find this out? Talk to local estate agents and ask them what they think. For example, “I’m thinking of investing £150,000 in a new apartment on the seafront. What should I expect to get for that? Another question is this, How do you see the market going over the next year or so?

If the valuation doesn’t stack up, walk away. Continue reading ‘Five off plan property questions to ask’

Be the first to know about these off plan apartments.

This apartment project is being developed by Central Equity Limited who have approximately A$2.5 billion in successful projects, either completed or under development, in prime locations close to Melbourne’s business districts.

In their words the development is going to be, “the most exciting property release in Melbourne for years”.

It is due to be launched in London for its 1st international release in May 2006. Central Equity is inviting interested clients to their event at the Sheraton Park Tower in Knightsbridge. Click here for more.

In a central location the 35 level Vue Grande Apartments will be built metres from Melbourne’s Yarra River, CBD and Crown Casino & Entertainment Complex. The recently announced A$1 billion Melbourne Convention Centre, the largest of its kind in the Southern Hemisphere will also be within walking distance. The centre will feature a 5 star Hilton Hotel, office tower, shopping precincts, riverside restaurants and more. This is due for completion in 2009 and will potentially increase the value of real estate in the immediate area.

The apartments will be modern with all the mod cons that you would expect from a development of this kind. Prices start at just £129,000 and are approved by the government for overseas purchasers.

So if Australia and particularly Melbourne is somewhere you have thought about investing in, go and register for an exclusive invite to the launch.

If you’re not a football enthusiast you may have caught Location Location Location’s Kirstie and Phil’s Where Best to Invest (in the UK) on Channel Four last night. With property prices in the UK still on the rise albeit a bit slower than previously, you may benefit from a quick run down of last night’s top ten with a classic Nubricks.com new development twist.

10 – Manchester – Once a city in decline, Manchester has reversed its fortunes and is now portrayed as probably the most happening city in the North. Docklands style regeneration of areas such as Canal Street and Salford Quays as well as large scale city redevelopment projects in line with the XVII Manchester Commonwealth Games held in 2002. 

9 – Leeds – Again city centre refurbishment on a massive scale has lead to the lonely planet guide referring to Leeds as the Knightsbridge of the North. Kirstie and Phil note that whilst Leeds has had £2.5 billion invested in property development with a further £4.9 billion of projects under way, this may be a cause for a concern with potential oversupply.
8- Bristol – Noted as being one of the UK’s major centres for financial services, which employ around 40,000 people in the city, the city has plans for ₤152 million of cultural infrstrucure ie Museums, Concert venues etc for 2008. Kirtsy and Phil tip Bedminister as an up and coming area with developments such as Barratt Homes Malago Place and the eagerly awaited Airpoint development which took 100 off plan reservations during its launch weekend on April 22nd. Prices start at ₤115,000 and the first apartments are set to complete Spring 2007.

Continue reading ‘A Reminder of Kirstie and Phils Where Best to Invest in the UK’

Firstly lets look at the awards that this development has won so far:

Winner of the 2005 Homes Overseas Gold Award for “Best Golf Development”
“Most adventurous destination in the world” by Homes Overseas in 2004
Bentley International Property Awards for Best Winter Sports Development
Best Canadian Property and Best Property Advertisement in 2004
Best Canadian Resort and Best International Resort Awards in 2003
Best Canadian Resort Award in 2002.

The prospects for 2006 look equally impressive; the resort has been short-listed for the following homes overseas awards:

Best Golf development 2006
Best Luxury development 2006
Best use of marketing 2006
Best ski development 2006

What do all these awards mean? I am going to write a post about property awards in the future, so watch this space…

So what is all the fuss about? Continue reading ‘Award winning off plan properties in Humber Valley Resort Canada’

Part of the attraction of blogging about international off-plan new developments is that I get to hear about great overseas off-plan opportunities, often at pre-launch stage. Today’s featured real estate project is a newly planned vacation development located in little known St David’s on the south east corner on the Island of Grenada. This small parish has a coastline sprinkled with small bays and inlets, featuring pocket-size sandy beaches, perfect for a quiet picnic and a swim. The area is quietly developing its own slice of Grenada tourism centered around the modest St. David’s Harbour located 15 minutes from Point Salines airport and the Capital St George’s.

Grenada has recently stepped the islands marketing campaign up a gear, confident in attracting increased tourism to its shores. The Spice Island is warming up for a busy 2006 cruise ship season in which it expects over 250,000 visitors and in April 2007 it will be one of 9 islands hosting the ICC Cricket World Cup. Untouched by the recent Caribbean real estate boom, Grenada is poised to attract perennial travellers by developing a number of vacation resorts designed for long-term visitors drawn by more affordable property prices.

This latest opportunity should appeal to investors looking to invest at the grassroots level of a project. The developer having completed several successful projects in Europe is looking to take advantage of the prospective nature of Grenada and develop a two year high quality residential/vacation project. Under this initial part of the scheme, the developer is looking to secure investment of between ₤50,000 – ₤75,000 from a limited number of individuals who in return will benefit from buying at exceptionally discounted property prices enabling maximum potential for future capital gain. This is further endorsed by Four Seasons decision to develop a hotel project and confirmation of a new marina with commercial centre.

The project is being marketed by Access Investment Property for more information and to register your interest click here.

As featured on the BBC News 24 at the weekend, one developer is using the debate surrounding the proposed Home Information Packs (HIPS) to their advantage, Newmason Properties the company behind the major new ₤70 million development taking place at Victoria Mills on the outskirts of the West Yorkshire village of Shipley.

The controversial HIPS are marketed as being a much needed addition to the home buying process providing upfront analysis by an independent home inspector on a prospective property purchase with the idea that fewer deals will fall through avoiding significant wasted costs. However with an initial price tag of ₤900 the packs are being touted as expensive waste of time as they will not be a replacement for a full qualified chartered survey a cost still borne by the buyer and may in fact slow the home buying process due to a lack of fully trained home inspectors.

Just in case the development itself isn’t enough to woo buyers, the developers have taken it on themselves to provide full home information packs on apartments in the Victoria Mills complex so that potential buyers have all the information to hand in order to be confident about their purchase.

Knight Frank has recently brokered a deal to sell the entire VM2 apartment building which sits alongside the highly successful converted ‘Old Mill’ project in which just a few properties now remain. The ‘New Mill’ adds a modern contrast to the 5.5 acre site with its historic waterfront setting, drawing on Sir Titus Salt’s Saltaire Mill for inspiration. The groundbreaking scheme aims to create more than just a desirable address and with high quality design, specification and interiors against a backdrop of community facilities (24 hr concierge, tennis courts) whilst preserving another piece of history for future generations.

The one and two bedroom apartments are starting at ₤149,950 rising to ₤349,950 and being marketed by Knight Frank and are due for completion in 2007.