Monday, April 23, 2007

Property is a piece of Caicos

TIM SHERWOOD the midfield maestro who captained Blackburn Rovers to Premiership success has reinvented himself as property magnate.

The ex-Spurs and England international retired from the game at just 37 and has since invested in a property portfolio with flats in the UK, southern Spain and more recently the Caribbean.

“I had visited the Caribbean islands, like Barbados, but had never thought to invest there,” said Sherwood. “I found the rumours of crime off putting, but didn't know how true they were.

"I had heard of the Turks and Caicos islands but had never visited. It was my accountant who first suggested about investing in Caicos Beach Club, because he said it sounded like a sound investment."

Tim hopped on a plane for a long-haul inspection visit with property brokers Grand Capital and was utterly impressed with what he found.

“The location is paramount. It’s paradise. You can’t help but be sold. There’s no crime, so it’s safe for my family and the kids, without any worries on that score’.

In November 2006, Tim purchased a two one bedroom apartment, paying a deposit of £70,000, on a total cost of $349,000 when completed in 2008.

It guarantees him a return on your investment, from when it’s built. Then you have the free two weeks to use as a holiday.

It left Tim, who lives in Hertfordshire with his family, celebrating another strike on the overseas property market.

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