TIM SHERWOOD BUYS IN TURKS AND CAICOS by June Field
CAICOS BEACH CLUB, SOUTH CAICOS ISLAND
www.caicosbeach.co.uk
Anyone who becomes an athlete these days knows they face an early retirement. For the lucky ones such as golfers and tennis players who reach the top of their game, the future looks bright.
Footballers who make the leagues can look forward to a healthy pension, which many are using to create a property portfolio.
Tim Sherwood is a good example. He retired from football at the age of 37, after playing for a host of premier clubs such as Blackburn, Spurs & Portsmouth, to name just a few.
‘It’s a short career, we get a pension so we have to make our money work for us’ explains Tim, who now lives in Hertfordshire with his family.
‘Over the last ten years, I have invested in UK property, built flats here as well as in southern Spain. But things have levelled off there, and there was a lull in the stock market, so we decided to try somewhere different’ he adds.
I had visited the Caribbean islands, like Barbados, but had never thought to invest there. I find the rumours of crime offputting, although I am not sure if they are true or not.’
‘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.
‘So I hopped on a plane for an inspection visit with Bobby Brown from Grand Capital. Obviously, it’s not the same as popping down to Spain, the flight time is much longer, but you only go on a long haul once a year don’t you?’
‘Without a doubt, 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’.
However, it was the overall financial package which clinched the deal for Tim.
Tim purchased a one bedroom apartment, paying a deposit of £70,000. The remainder is due on completion.. expected in 2008.
‘This project also generates rental income from when it’s built. Then you have the free two weeks to use as a holiday.’
‘I have added it to my growing portfolio and my accountant will take care of the rest’ says Tim.
