Mauritius, the perfect place to retire
A recent study compiled by Retraite-Etranger.fr reveals that Mauritius is the third most-desirable country to retire in. Its idyllic environments, combined with a tropical climate and French-speaking inhabitants all contribute to its appeal. As a result, Pam Golding Properties invites you to discover Le Domaine de Grand Baie, a residence reserved for those seeking a retirement of well-being.
One of Europe’s largest retirement development companies is launching the first retirement scheme, Le Domaine de Grand Baie, aimed at foreigners looking to invest or retire in Mauritius. The development is ideally located in the heart of Grand Baie, the vibrant coastal town on the northern shores of Mauritius.
Le Domaine de Grand Baie, an idyllic setting
Positioned on the premiere Mont Choisy Golf and Beach Estate, which is currently under construction and bordering a newly designed 18-hole Peter Matkovich golf course, the new retirement village is at the heart of a 485 hectare park which includes walking and biking trails, a tennis court and shops. Residents will have direct access to Le Parc de Mont Choisy Golf and Beach Estate and the 800sqm Espaces-Club which includes a swimming pool, restaurant, spa, fitness centre, beauty salon and lounge bar. Shopping and medical amenities are only 200m away with the beach or the centre of Grand Baie just a short stroll.
Lifestyle or financial investment
The property is either aimed at retirees looking for an ideal retirement destination, where the infrastructure of Grand Baie creates an ideal living environment, while the beaches and year round weather create an environment which has become very popular with foreigners looking to re-locate.
Alternatively aimed at investors looking for a guaranteed rental return, the Le Domaine de Grand Baie offer investors a significant benefit of an 11-year guaranteed rental return of 2.99 to 4.26% percent, depending on the type of unit. Being a euro-based return makes this ideal as an offshore investment. Coupled with this return, the excellent location in the North as well as its position on Mont Choisy Le Parc Golf and Beach Estate bodes well for capital growth over the duration of the investment.
The expertise of two renowned societies
Le Domaine de Grand Baie is managed by Aegide, one of the largest retirement operators in France and part of the International property group Nexcity, which is among Europe’s largest development companies and manages over 150 000 units. The retirement village is being developed in conjunction with 2Futures, who has a successful track record of more than 7 developments on the island. Mauritius is an ideal retirement destination not only for its idyllic environment, but because of the lower cost of living than Europe, being a great tax domicile for retirees and with a significant, existing foreign community in the Grand Baie region.
Pricing of the units is globally competitive, with 155 catered and serviced apartments ranging from studios to three bedrooms starting from USD230 000 and ranging up to USD830,000 for penthouse apartments, located in four blocks centred round common facilities such as entertainment areas, pools and open spaces. The retirement village also includes 10 exclusive three bedroom villas priced from USD 720,000. There is intercom communication to all residences and parking facilities for residents and guests on site.
Mortgage finance is available in Mauritius and foreigners have access to local medical aid at very reasonable rates, while hospitals are of a very high standard.
Construction of the new retirement development is planned to commence in October 2016.