True Blue Hideaway, as its name suggests is located in heart of True Blue which is the most sought after residential neighborhood in Grenada. The Boutique Condominium complex is located directly in front of Grenada world class St. Georges University. The project is just 5 minutes drive from Grenada’s international airport and in close proximity of some of the countries best beaches.
True Blue Hideaway offers a secure investment into a government approved CBI real estate project that has already been delivered and is fully operational.
On sale at hideaway are 44 freehold condos apartments. There are range of studios, one bedroom and two bedroom, apartments available from the following prices:
- Studios from $350,000 USD (400 Sq.Ft)
- 1 Bedroom Apartments from $400,000 USD (614-642 Sq.Ft)
- 2 Bedroom Apartments from $425,000 USD (925.5 Sq. Ft)
The developers offers 3% guaranteed annual returns which can be paid to the investor as a lump sum in advance once their citizenship by investment application has been approved. On top of this the developer also offers a guaranteed buyback after 5 years of ownership (the minimum amount of time CBI investments must be held in Grenada) at the market value.
Along with the the passport, a drivers license and a Tax ID can be provided with the purchase. This is especially important for investors looking to build ties with Grenada so that they can apply for and successfully acquire the US E2 Investor Visa.
Hideaway, is a 6 story building which a range of studio, one bedroom and two bedroom apartments. Facility wise, the condominium features a wellness and fitness center, study lounge, conference hall, a luxurious rooftop bar and lounge, and high quality restaurant. The property is up and running and has been fully operational. Since January 2019, when True Blue Hideaway began operations it has managed to maintain a 100% occupancy rate. This not only down to the quality of the project but also its strategic location. The project mostly attracts international university students attending St. Georges University with these tenants who commit to lease the apartments for a year. The project is therefore not reliant on tourism which is especially crucial during the times of a global pandemic and it’s success is tied to ongoing performance of the University.
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