Opportunity to invest in turnkey studio student property in Grenada located at Hideaway True Blue – approved for Citizenship by Investment.
Student Property Investment Opportunity – Approved for Citizenship by Investment
Searching for investment opportunities in Grenada approved for the island’s Citizenship by Investment Program?
This is a fantastic opportunity to invest in a purpose-built student property in Grenada ideally located in the heart of sought after True Blue at the entrance of St George’s University.
Hideaway True Blue is a collection of contemporary, turnkey units designed to offer access, convenience and security to international students as well as meaningful returns and a pathway to Grenadian citizenship for investors.
Hideaway True Blue
Officially opened in January 2019, Hideaway True Blue offers 44 contemporary, turn key units that provide quality, residential living to university students.
The property is ideally located directly opposite the entrance of St George’s University, within walking distance from popular bars and restaurants and just 5 minutes’ drive from several of Grenada’s best beaches and the Maurice Bishop International Airport.
Established in 1976, St George’s University is a leading provider of medical and veterinary medical degrees drawing students and faculty from 140 countries to Grenada and the largest source of doctors for the US workforce.
Thanks to its highly convenient location, Hideaway True Blue has been incredibly popular with student tenants of St George’s University and has operated at full occupancy.
At present Hideaway True Blue offers studio, 1 bedroom and 2 bedroom units that are priced from $350,000 and come well appointed with private balconies enjoying views of St George’s University and True Blue Bay.
The Studio Units
Measuring 400 square feet, the studio units are the smallest sized units available at Hideaway True Blue.
Each studio is actually a small one-bedroom unit.
These units are offered with special purchase incentives during the citizenship application process.
Hideaway True Blue – Amenities
Tenants enjoy use of amenities including a fitness center, restaurant, rooftop bar, student study lounge, state of the art conference room and garden area with BBQ grills.
24 hour security, on site property management, storage units and limited parking are also available.
Benefits of Investing
Investing in a unit at Hideaway True Blue is ideal for investors seeking an investment opportunity that is both completed and successfully operated.
As a result, the property can offer 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 for the entire unit that they purchase.
This yearly return can be paid as a cumulative lump sum payment following the completion of the investor’s citizenship process.
After the 5 year period, the investor will have the opportunity to either accept a buyback from the developer — the value of which is determined based on the current market value of the unit, or sell the property to another individual.
During the 5 year period the unit will benefit from hassle-free property management and the investor may stay in the unit or a similar one for 7 nights per year.
Approved for Grenada’s Citizenship by Investment Program, an investment in Hideaway True Blue also provides a pathway to Grenadian Citizenship, a Grenadian passport and a Grenada Tax ID (if required).
Buying Property in Grenada
Find out more about buying property in Grenada in our guide for property buyers. Discover how to buy real estate in Grenada, where to invest and much more.
Read more: Buying Property in Grenada
Citizenship by Investment
This property is approved for the Grenada Citizenship by Investment Program, a government program offering qualifying applicants full citizenship of the nation in exchange for a significant financial contribution or an investment in real estate. Successful applicants enjoy all the benefits of full citizenship including a passport offering visa-free travel and minimal taxation.
Find out more in our guide.
Read more: Grenada Citizenship by Investment Program