Ownership & Management Structure for Existing Beach View

OWNERSHIP 

  • 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%.

MANAGEMENT 

  • 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.

 

AVAILABLE UNITS FOR SALE

BuildingUnit #FloorSq. Ft.No. of BedsPrice USD
PawPaw 103 Ground 1817 3 599,000
  201 First 1817 3 675,000
  202 First 1372 2 499,000
  302 Second 1372 2 525,000
      
Seagrape 104 Ground 1814 3 599,000
  105 Ground 1372 2 499,000
  106 Ground 1814 3 599,000
  305 Second 1372 2 599,000
  306 Second 1814 3 699,000
      
Avocado SOLD OUT     
      
Carambola 311 Second 1372 2 599,000

 Prices include all furnishings. Prices are subject to change without notification.

 

PLEASE SEE SITE PLAN BELOW

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