Caribbean MLSReal Estate

Studio Units for Sale, Hideaway True Blue, Grenada

Available on request

Year built
2019
Type
Studio
Land
Available on request

What this listing includes

  • Fitness centre
  • Restaurant or bar
  • On-site security
  • Conference room
  • Garden
  • BBQ area
  • Parking
  • Storage
The brief

The reason to consider it.

Invest in a turnkey studio student property in Grenada, conveniently located at Hideaway True Blue. This development is approved for the Citizenship by Investment Program.

Hideaway True Blue offers 44 contemporary, turnkey units perfect for international students and investors seeking meaningful returns and a pathway to Grenadian citizenship. Officially opened in January 2019, these units provide quality residential living.

The property is situated directly opposite the main entrance of St. George’s University, within walking distance of popular bars and restaurants, and only a 5-minute drive from Grenada’s best beaches and the Maurice Bishop International Airport. St. George’s University is a leading global institution, attracting students and faculty from 140 countries.

The studio units measure 400 square feet and are offered with special purchase incentives for those applying for citizenship. Tenants enjoy amenities including a fitness center, restaurant, rooftop bar, student study lounge, state-of-the-art conference room, and a garden area with BBQ grills. 24-hour security, on-site property management, storage units, and limited parking are also provided.

Investing in a unit at Hideaway True True Blue 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. The developer offers a buyback option after the 5-year period or the flexibility to sell the property to another individual. During the 5-year period, investors may stay in their unit or a similar one for 7 nights per year. Investment in Hideaway True Blue also provides a pathway to Grenadian Citizenship, a passport, and a Tax ID.

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law