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Opportunity to invest in turnkey 1 bedroom student property in Grenada, located at Hideaway True Blue. This development is approved for Citizenship by Investment.
Hideaway True Blue is a collection of contemporary, turnkey units designed to offer access, convenience, and security to international students, as well as meaningful returns and a pathway to Grenadian citizenship for investors.
Officially opened in January 2019, Hideaway True Blue offers 44 contemporary, turn-key units that provide quality, residential living to university students. The property is ideally located directly opposite the entrance of St George’s University, within walking distance from popular bars and restaurants, and just a 5-minute drive from several of Grenada’s best beaches and the Maurice Bishop International Airport.
Established in 1976, St George’s University is a leading provider of medical and veterinary medical degrees, drawing students and faculty from 140 countries to Grenada and is the largest source of doctors for the US workforce. Thanks to its highly convenient location, Hideaway True Blue has been incredibly popular with student tenants of St George’s University and has operated at full occupancy.
The 1-bedroom units, measuring 614 square feet, feature an open floor plan with state-of-the-art finishes and a private balcony enjoying views of St George’s University and True Blue Bay.
Tenants enjoy use of amenities including a fitness center, restaurant, rooftop bar, student study lounge, state-of-the-art conference room, and garden area with BBQ grills. 24-hour security, on-site property management, storage units, and limited parking are also available.
Investing in a unit at Hideaway True Blue is ideal for investors seeking an investment opportunity that is both completed and successfully operated. The property offers immediate annual returns of 3% (guaranteed by the developer) and the potential for resale after the mandatory 5-year ownership period. Investors receive a leasehold title for 66 years for the entire unit they purchase.
After the 5-year period, the investor will have the opportunity to either accept a buyback from the developer or sell the property to another individual. During the 5-year period, the unit will benefit from hassle-free property management, and the investor may stay in the unit or a similar one for 7 nights per year.
Approved for Grenada’s Citizenship by Investment Program, an investment in Hideaway True Blue also provides a pathway to Grenadian Citizenship, a Grenadian passport, and a Grenada Tax ID (if required).
