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#76
Grand Cayman, Eat End - Compass Pointe
reefdiver - 3/09/2012 7:59 PM
Category: Travel
Replies: 0

COMPASS POINT CONDO - GRAND CAYMAN

INVESTMENT OPPORTUNITY

25% or50% Ownership
Opportunity on the East End of Grand Cayman

Best unit
in the development ! Top end unit / Oceanfront / Two bedroom, 2 bath, fully
furnished and equipped, 1100 sq ft. Huge balcony overlooks the ocean !
- Phase 1 is approx 7 years old

- PADI 5 Star, full service dive center on
premises with pool and sun deck (Ocean frontiers)

- Two buildings on site (Phase 1) one bldg
consists of 9 one bedroom units, bldg two consists of 9 two bedroom units.
Total 18 units

- This is
an ownership equity position - NOT
a time share

- No mortgage or liens on the unit or property

- 25%
ownership offered for $95k US - 50% ownership
offered for $180k US

- No brokerage fees

- Built in equity from day one. Est. comp. sales
$423,000 /provides an estimated $20k equity @25% ownership; est. $51k @50% ownership
subject to change

- Owner financing may be available

- There is a one-time 6% "Stamp Duty"
tax payable at time of transaction to the Cayman Government. (This is a real
estate tax paid once) govt. % subject to change

- Unit pays for itself - meaning the rental fees generated
will carry over to offset operating costs with some residual cash which has
remained in the management account to cover any additional expenses that may
occur

- Currently, three local Va. owners (BP 25%, PJ 25%,
BM 50% )

- Will consider a 100% sale

- On site
property and rental management - total "turn-key" operation,
including all utilities and insurance

- Not looking for additional funds currently on
deposit in the properties reserve capital account for furniture, etc Valued at
$10k

- 25% owner receives two "any time" weeks of year
for use or to sell/ donate, etc - AND
any other time use within a 14 day reservation window as long as the unit is
available

- 50% ownership receives four anytime weeks, 100%
8 anytime weeks

- Ownership includes a 15-20% discount at Ocean
Frontiers Dive Center onsite dive shop

See Compass Point by going to www.compasspoint.ky or Contact: Bob Potterton at bpotterton@cox.net
(703) 475-0779.