Friday, December 04, 2009
Dear Reader,
Construction at Sian Ka’an is progressing at pace. 260 workers are onsite full time and construction of Phase 1 units is well on track. The developer’s team just sent me the latest photos. Impressive progress— in less than four months! Phase 1 will be ready for occupancy in June next year. Prices will continue to rise as these units near completion. Only twelve units are still available in Phase 1.
To remind you, these are the factors that separate this deal from anything else like it:
A new airport is planned. Ten years from now, it is expected to carry as many passengers as Cancun airport.
Appreciation potential: Prices here are at a discount to what you would pay in Playa del Carmen, just 35 minutes down the road. In Playa, beachfront units cost $4,000 to $5,000 per square meter. Units back from the beach are in the $2,650 to $2,700 per square meter range. Sian Ka’an units start at $1623 per square meter.
Fixed rental income: Your unit is leased to a 5-star hotelier. The hotelier pays you a fixed amount irrespective of whether your unit is rented or not. Plus, during the course of the lease, you will not pay maintenance fees, HOA fees, administration fees, or property tax.
Occupancy rates at this resort have fully recovered to pre flu scare levels. You see, this resort has a very important advantage. The company that owns it also owns Europe’s second biggest travel agency. They sell and run 2.5 million vacations every year. They can channel their customers into their own hotels when things get tight.
The resort boasts all the amenities you would expect from a major high-end resort. The water here is turquoise blue…the beaches are white-sand. This is picture perfect Caribbean. The Robert Trent Jones II golf course opens for play this month.
Here are some photos the developer sent me this morning of construction progress:
The developer’s (Benjamin Beja) invitation to visit his project is still open. He is inviting you to participate in one of his chill weekends. He believes in his project and is willing to subsidize your visit to show it off first hand. If you can make it for his next chill weekend from December 10-13, click here now...the first five readers with booked flights to Cancun will get a free chill weekend.
Benjamin’s team is standing by to send you a full information pack (including floor plans and renderings) and answer any questions you may have. The team will be delighted to schedule a one-on-one conversation to talk you through the opportunity.
My former colleague at Pathfinder, Sarah Cox, is spearheading Benjamin’s team on this project. I know she’ll take great care of you. Contact her here.
I strongly urge you to schedule your chill weekend today while units are still available . If you can’t make this month’s trip, the next chill weekend is January 28-31, 2010.
Ronan McMahon
You might also be interested in:
You Can Profit Before the New Airport is Built
Posted Under:
mexico, rental yield, profit play
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