Owning a holiday home on the beautiful island of Barbados doesn't have to be just a dream! All of the units come fully furnished, serviced and managed making it totally hassle free for the owner. With your purchase you enter your unit into our hotel rental pool designed to give you a good return on your investment and where everyone shares in the revenue and expenses.
The development is owned by a holding company which issues one residential share per condo. Each residential shareholder will be entitled to exclusive possession of the condo unit to which the residential shares apply.
The structure of the company provides for a reduction in the annual land tax & certain benefits applicable to hotel operations.
Any future sale of the unit is by a sale of the shares. Under Barbados law sale of shares attracts transfer tax of 2.5% & stamp duty of approximately .5%.
An owner must enter into a rental management agreement with Beach View Property Ltd. This company has been established by the developer with the prime purpose of managing the property as a hotel. All management, reservations & accounting support services will be supplied as part of the agreement.
All units are sold fully furnished to ensure uniformity of contents. The property is fully serviced to include housekeeping services in all rooms, 24 hour security & regular pool & garden maintenance.
Each owner must make his unit available for rent for 9 months of the year but has complete use of the unit for the other 3 months.
All expenses & revenue are pooled thereby offering a fair distribution of net revenues between all owners. No one unit will be favoured over another.