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Freehold Caribbean Investment Property Up to 50% below market value

Overview. Freehold Caribbean Investment Property Up to 50% below market value 10% rental guarantee for first two years 50:50 Net room rate share from year three Then potential yield IRO 30% Furniture included 30 days free usage per year (excluding SIPP) Prices £120,000

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Freehold Caribbean Investment Property Up to 50% below market value

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  1. Overview • Freehold Caribbean Investment Property • Up to 50% below market value • 10% rental guarantee for first two years • 50:50 Net room rate share from year three • Then potential yield IRO 30% • Furniture included • 30 days free usage per year (excluding SIPP) • Prices £120,000 • 100% Finance available subject to status

  2. Track Record Buccament Bay Resort – St Vincent & The Grenadines Substantial increases in value Phase 1 opened Aug 2010 4 bed Villas Originally sold at £240k Now £1.1m Two Rivers – Dominican Republic Launched August 2007 Prices up over 100% Studios starting at £75K – now selling at £185K

  3. Security • Harlequin Property is a UK based, family owned company • Harlequin is one of the largest developers in the Caribbean • Projects supported by local government • All land unencumbered • Suitable for UK SIPPs

  4. Our Team

  5. West Paces Hotel Group • West Paces Hotel Group are a high-end, boutique, 6* brand which include the following : • Solis Hotels • Capella Hotels • Auriga Spa • Led by the former president of Ritz-Carlton, Horst Schulze, West Paces are a world renowned group, who will be bringing their track record and quality to aspects of the Marquis Estate including: • The Gary Player Golf Hotel • The Golf Clubhouse • Beach Club

  6. Jones Baker • Jones Baker are a distinguished US based interior designer. We work closely with them in the detail of public areas, guest rooms and restaurants. Previous work includes: • Four Seasons Hotels & Resorts • Rosewood Hotels • Hyatt Hotels BDO • 6th Largest auditing company in the UK, 7th largest in USA, the World’s 5th largest network with 1095 offices worldwide. Founded in 1903, then in 1994 merged to become BDO • Already auditing our companies for us in the Caribbean

  7. JoergRoterberg – Vice President of Operations • Joerg has joined us fresh from One and Only’sLe TouessrokinMauritius and boasts a proud CV including: • Galley Bay Hotel, Antigua • Peter Island Resort, British Virgin Isles • St. James Club, Morgan Bay, St. Lucia • Garrett Ronan – Vice President of Food & Beverage • Garrett also brings with him a very impressive CV. He will be responsible for F&B across all developments. Throughout his 22 years in the industry, he has worked for hotels such as: • The Beverly Hilton, Beverly Hills • Boston Harbor Hotel, Boston • The Waldorf Astoria & Waldorf Towers, New York

  8. Unit Types

  9. * Computer Generated Images used

  10. 460 Sq Ft Studio Apartment 1139 Sq Ft 2 Bedroom Apartment

  11. 2 bed Wrap Apartment 1336sq ft Buccament Bay Watersedge 3 bed Penthouse Apartment 3850 sq ft

  12. 900 Sq Ft 1 Bed Superior Cabana 2524 Sq Ft 4 Bed Plantation Villa

  13. 2530 Sq Ft 3 Bed Penang Villa Ground Floor 1st Floor

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  17. Hotel Facilities

  18. Sports Academy • Football – Liverpool FC Soccer School • Tennis –Pat Cash Tennis Academy • Golf – Gary Player Designed Course • Diving & Water sports – Padi Qualified instructors • Fitness Centre • Professional Sports Panel, led by Andy Townsend • The Harlequin Sports Academy is a fundamental part of The Harlequin Foundation which is being set up to promote improved education throughout the Caribbean.

  19. Gary Player Affiliates

  20. Restaurants • Trader Vic’s • Arlecchino • Jacks • Ginger & Co. Asian Fusion • Masquerade Nightclub • Oliver’s Wine Bar & Cigar Lounge

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  23. Alaia Exclusive spa and secluded spa villas Private pools & sunken outdoor baths Beautifully landscaped gardens Oriental style contemporary luxury Outdoor rain shower Indoor & outdoor treatment rooms offering: Massages, beauty treatments and holistic therapies, yoga, Pilates, Reiki and meditation * Computer Generated image

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  26. Kenwood Travel - £4681 for the week http://www.kenwoodtravel.com/holidays/?search_id=627576&property_id=1619 • Thomas Cook - £4592 for the week http://book.thomascook.com/pub/agent.dll • Expedia £4510 for the week http://www.expedia.co.uk/pub/agent.dll Based on two adults sharing for Jan 2011

  27. 100% Finance* *Subject to status

  28. Lazy Money

  29. Example • Purchase price £200,000 • Reservation fee £1,000 • 30% deposit £59,000 • Interest on £59,000 @ 6% p.a. over 24 months breaks down to £295 per month. • This is paid by HP. • £7,080 added to the purchase price upon completion.

  30. StagePayments • - by the completion of the foundations 25% • - by the completion of the Raw Construction 25% • - by the completion of the Finishing Works 15% • - by completion of the Said Property 5% • If not paid, interest of 7.25% will be charged, however this is CAPPED at 18 months on an apartment and 12 months on a villa

  31. Example Anticipated Value upon completion £400,000 70% LTV Mortgage £280,000 Outstanding Amount £140,000 Stage Payment interest approx £10,000 Loan Interest £7080 30% deposit £60,000 Cash return £62,920 Year One 10% Rental Guarantee £20,000 Mortgage @ 7% £19,600 Positive cash flow £400 Year Two 10% Rental Guarantee £20,000 Mortgage £19,600 Positive cash flow £400 Maintenance approx 1% of purchase price. £2000 per year.

  32. Example £450 per night x 70% Occupancy = £114,975 INVESTOR TAKES 50% = £57,487.50 Year Three 50% net share £57,487.50 Mortgage @ 7% £19,600 Maintenance £2000 Positive cash flow £35,887.50 Net yield 17.9%

  33. Break Even • Purchase Price - £200,000 • Costs approx - £21,600 Therefore we would need to charge £85 per night based on 70% occupancy That’s £21.25 per person (4 adults) 100% occupancy breaks down to £59 per night.

  34. Too Good to be True? Marquis Estate 3500 units x £200 per night = £700,000 £700,000 x 1 month (30 days) = £21,000,000 £21m x 1 year = £252,000,000 PER YEAR 50% Occupancy = £126,000,000 per year.

  35. Exit Strategy • Opportunity to resell the contract prior to completion – 100% finance offered to new buyer – subject to status • Complete on the property and restructure the finance • End mortgage – 70% loan to value developer loan - reinvest • Complete on the property enjoy the rental income • After completion resale office on each site

  36. Resorts

  37. St Lucia – Marquis Estate

  38. Why Invest in St Lucia? • The world bank has placed St Lucia in the top 30 countries in the world to invest • “Figures show that in May 2010 the volume of searches was 177% higher for Caribbean property than in May 2009.” - Property Wire • 9,000 airline seats last year to 24,000 seats for 2010. • 197,042 visitors from January-July 2010 • 14.3% increase from 2009 • 436,757 Cruise passenger arrivals, 1.4% increase 2009 • Up to 60% below property Prices in Barbados • Buying in at an early stage – completion date: 2013 – maximum capital growth Statistics from One Caribbean

  39. St Lucia’s first master resort • Gary Player golf course and hotel • Pat Cash tennis academy and hotel • Liverpool FC Academy • Performing Arts Academy • ESPA Spa

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