Nonsuch Bay Resort Phase 2: Antigua’s Most Attractive Citizenship-by-Investment Option
Set in the heart of a secluded and picturesque bay in Antigua, Nonsuch Bay Resorts has announced plans for the development of Phase 2 with the Marina Residences. Built on the west-facing 14 acre foreshore of the 42 acre resort which has been open to the public since 2010, the Marina Residences will provide 188 one bedroom fully-serviced suites, and will include a private plunge pool on the terrace of every room.
The purchase price of each one bedroom property within the Marina Residences is USD 400,000 and includes a generous furniture package. The legal ownership structure is full freehold titled ownership, and comes with the associated property deed.
“Nonsuch Bay offers incredible value, making it the most attractive real estate proposition currently available under the citizenship-by-investment program in Antigua,” says Andrew J. Taylor, Group Vice Chairman of Henley & Partners.
Since opening in 2010, Nonsuch Bay Resort has enjoyed particular success as a hotel using the 62 one, two and three bedroom apartments, 15 townhouses and 19 hill top villa sites as the room pool to offer 108 bedrooms under management to the public.
Although owners are welcome to reside in their properties on a full time basis, they may also consider entering their Marina Residences property into the rental program to capitalize on the growing demand for rooms at the Resort, particularly in the one bedroom room category. Revenues of an estimated 6% return of the net cost associated with ownership of the suites can be expected.
The Nonsuch Development Company is proud to have historic success of providing early purchasers significant long-term value. Early owners at Nonsuch Bay Resort Phase 1 acquired their property at prices 40% below today’s selling prices. The same company continues as the developer on Phase 2. OBMI International, which has more than 75 years of success with offices located throughout the world and an extensive portfolio of concluded projects, has been appointed the architects on the Marina Residences.
Phase 2 will also see the development of a yacht service facility, a mega yacht marina that can berth yachts over 60m, more restaurants, clubhouses, a retail area, and gym with tennis and squash courts, and a helipad.
Further information is available on http://www.nonsuchbayresort.com