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 Price : US$ 298,000 Type : Home - Apartment / Condo
Home - Fractional
REF : CAI0001 

Cayman : The Waterford


WITHDRAWN

Cayman Islands Apartments



The Waterford Private Residence Club in Grand Cayman, offers a variety of 2, 3 and 4 bedroom residences, with stunning views over Crystal Harbour, set within 10.5 acres of landscaped gardens.

Cayman Island Waterford Apartments

Cayman Island Waterford Apartments

The properties are being offered for fractional ownership with buyers able to purchase a 1/8 share, which entitles them to a minimum of 6 weeks of usage and additional time based on availability, at no additional cost.

Cayman Island Waterford Apartments

The Waterford is being built in five phases beginning in May 2006, with anticipated completion in May 2010.








Construction will include a great house, health spa, swimming pools, restaurant & bars and beautiful landscaped gardens.

Cayman Island Waterford Apartments

Cayman Island Waterford Apartments

All villas and homes will be delivered to their owners fully furnished & equipped with designer furniture and top quality appliances.









The photos indicate the standard of finish that is likely to be achieved.

Cayman Island Waterford Apartments



Owners at The Waterford will receive 5 star quality and attention during their stay. This service includes a 24-hour concierge who will be happy to arrange golf and dinner reservations or organise groceries for your rooms, prior to your arrival.

Cayman Islands Fractional Ownership

Cayman Islands Fractional Ownership

When in residence, owners will have access to a Land Rover, BMW, Mercedes or Audi for their personal use.
They'll also be able to use a Boston Whaler boat, complete with captain.

Cayman Islands Fractional Ownership

The Waterford Private Residence Club will have 2 pools and a Great House complete with a smoking room, restaurant and bar.





Owners will also be able to enjoy the 5,000 square foot Spa, with private areas for the resident club owners, which will feature luxurious lounges, treatment suites, and a fully equipped health club, and juice bar.

Cayman Islands Apartment

Cayman Islands Apartment

The location offers ocean views and is conveniently located for the 18-hole championship Safe Haven golf course.






Membership starts from $298,000 for a 2 bedroom residence; US$449,500 for a 3 bedroom residence and US$735,000 for a penthouse residence.

Cayman Islands Apartment





The Waterford Private Residence Club in Grand Cayman offers the ultimate in luxury Caribbean living.


Cayman Islands Apartment

Cayman Islands Apartment

 
Click on the Contact Us buttons on the top or bottom of this page for more details about how to become an owner at this beautiful 5 star resort.
  

Buying Property in the Cayman Islands

There are no legal restrictions on the ownership of property by foreigners, where the property is for the personal use of the owner; however the ownership of property for business purposes is subject to licensing.

Property Title
Most properties in the Cayman Islands are freehold, although there are a few leasehold properties. Title to Cayman Islands property can be held by individuals, either alone, jointly, or in the name of a company.

Land Registry
Property in the Cayman Islands is recorded in a registered system maintained by the government and open to public inspection. Buyers may examine the registration of any property and see who owns the property and whether there are any charges against the property. Since the registry process requires each property to be carefully scrutinised before it can be registered, a registered property effectively guarantees title.

Mortgages & Bank Loans
Foreigners may open bank accounts in the Cayman Islands and take out a loan to finance a property purchase. The banks will often lend up to 50 to 75% of the property value to foreigners, but will normally require the first legal hold over the property. When lending to a company, the banks will usually ask for a personal guarantee from the directors or shareholders. Loans and mortgages are however normally only available for properties that have been constructed and rarely given for pre-construction properties.

Cayman Islands Stamp Duty
Stamp duty of 6% is payable to the government on all property purchases (7.5% for properties on Seven Mile Beach). There is also a 1% stamp duty payable on mortgages up to CI$300,000 (approx. US$240,000) and 1.5% stamp duty on mortgages exceeding this value.

Buying Cayman Islands Property
The conveyancing of a property in the Cayman Islands is straightforward and can be undertaken by a large number of legal firms based on the islands. The fees for conveyancing a property are usually a small percentage of the purchase price of the property.

 

 

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Last Updated On 16 Oct 2018