Friday, June 04, 2010
Dear Reader,
The general sessions in International Living's Real Estate Investment Forum kick off today. Later today, we'll hear from Benjamin Beja. Benjamin's responsible for the hottest resort rental opportunity we've come across to date.
Set in Mexico's stunning Riviera Maya, his condo hotel units come fully turnkey: equipped, furnished and with a fixed rental income. Perfect for the armchair investor...
Benjamin's got an offer for Pathfinder readers. It's a $5,000 discount on phase three units, cutting the price from $159,000 to $154,000. That raises your rental return, too, from 5.66% to 5.84%.
You'll need to hurry, though. Phases one and two sold fast. Read below on why we're sure this is the best resort rental deal...or contact Benjamin here to find out more.
Margaret Summerfield
P.S. This offer expires on June 30th. Click here to lock down your $5000 discount.
A Beach Resort That Tops our List
Dear Reader,
Mexico's Riviera Maya runs south of Cancun to Tulum. It's postcard-perfect...a series of crescent-shaped powder sand beaches, lapped gently by the turquoise Caribbean. The rich jungle interior reveals Mayan ruins and exotic wildlife. Offshore, the world's second-longest coral reef, teeming with brightly-colored tropical fish, hugs the coastline. This area is increasingly popular with second-home buyers looking to escape Cancun's crowds.
Playa del Carmen, the jewel in the Riviera Maya, was a small village, with packed sand streets. In the last 10 years, it rapidly shed those fishing village roots, becoming a hip beach town. The streets are paved or cobbled now, and the stores more up market. The main street, 5th Avenue, is a cool place to hang out in the evenings. The restaurants and cafes serve everything from traditional Mexican to Thai food. The shops sell a mix of luxury goods, handcrafts, jewelry and textiles.
In March 2010, the Mexican president launched plans for a new international airport in the Riviera Maya, close to Tulum. Construction on the airport should start next year. The Riviera Maya's close proximity to Cancun's international airport, on good paved roads, means it's very accessible already. However, the new airport will bring 3 million tourists directly to this area. Better yet, the site for the new airport is only 15 minutes from our favorite resort rental opportunity.
A Real Estate Opportunity You Won't Want to Miss
Gran Bahia Principe is located in the heart of the Riviera Maya. It boasts all the amenities you would expect from a quality beach resort. There's a 27-hole Robert Trent Jones golf course, the finest golf course along this stretch of the Riviera Maya, which opened late last year. You have a choice of restaurants, shopping, swimming pools, tennis courts, and a spa. A shuttle bus every ten minutes whisks guests between the golf course and the beach.
Gran Bahia Principe is owned by Spanish company, Grupo Pinero. They also own Europe's second biggest travel agency Soltour, which sells and runs 2.5 million vacations every year. Grupo Pinero's hotels along this stretch of coast have been operating at 88% occupancy for the past 10 years. Gran Bahia Principe has a total of 2,700 rooms. Fortunately 2,700 isn't enough. They need 3,000.
Benjamin Beja spotted this opportunity and is building 300 condos on the Robert Trent Jones golf course. His Sian Ka'an condos are being built to hotel specs, a block from the new 7,600-square-meter clubhouse. Residents and visitors have full use of the entire resort amenities...restaurants, the beach, the medical center, and the shopping market.
Prices for Sian Ka'an units run from $159,000. Each unit comes with approximately $18,000 worth of furniture and appliances. That works out a long way short of Playa del Carmen's prices--and with all the amenities of an upscale established resort. Units in phase 1 are due for completion later this month (the photo on the right shows the model unit).
Benjamin is offering a $5,000 discount on phase 3 units, until the 30th June. That brings the start price down to $154,000. And remember, that's for a fully-furnished and equipped unit, with a fixed rental income.
The folk at Gran Bahia Principe have agreed to lease the 300 Sian Ka'an units; owners will receive a fixed annual rent of $9,000 to $13,500 depending on the size of their unit. You won't have to take care of the expenses during the course of the lease--no maintenance, HOA, administration fees, or property tax. That gives you a net yield of up to 6.4% depending on the unit you opt for.
Rent is paid quarterly, and is not dependant on the occupancy achieved by the operator. They assume the entire risk for filling the unit.
Try Before You Buy
Now, while this all seems tempting--gorgeous coastline, an established resort with all the amenities residents and visitors love, and a fixed rent, we always advise to buy what you see. And we understand that to be seduced by the allure of the Riviera Maya, you need to see it first-hand ...to snorkel the jewel-like coral reef...to explore the enchanting Mayan ruins...to soak up the sunshine on a wide, sandy beach.
So Benjamin is offering chill weekends. The next trip runs from July 15th-18th.
You'll be met at Cancun airport, and taken to Gran Bahia Principe. Your trip includes accommodation, meals, cocktail receptions, and the chance to learn more about the investment opportunity of Sian Ka'an. You'll have a whole day to relax, too, or explore the Riviera Maya.
Join us this July 15th-18th, 2010, for only $150 per person. Click here to reserve your spot.
Margaret Summerfield
P.S. Don't forget, the $5000 discount is only valid until June 30th. Click here to find out how to lock down your discount today.
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