Beach View is a 55-unit Condominium Hotel set on five acres of Barbados famed West Coast, just steps away from the beach. Beach View started its journey in 2008 & has since expanded, opening 19 new units & a host of new amenities in 2018. The hotel now features 4 swimming pools, a large reception, full-service restaurant, fitness centre, spa & salon.
OWNERSHIP STRUCTURE GENERAL
The common areas of the development, which include the reception, restaurant, gym & spa, swimming pools & parking lots, will be owned by all condo owners.
The structure of the development provides for certain benefits applicable to hotel operations.
The structure of the company provides for a reduction in the annual land tax & certain benefits applicable to hotel operations.
OWNERSHIP STRUCTURE " PHASE 1 " PAWPAW, SEAGRAPE, AVOCADO & CARAMBOLA SUITES
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.
OWNERSHIP STRUCTURE " PHASE 2 " YLANG YLANG VILLAS & PASSION FRUIT SUITES
The units will be sold freehold.
MANAGEMENT STRUCTURE
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 swimming 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, based on the terms of the rental pool agreement.
All expenses & revenue are pooled thereby offering a fair distribution of net revenues between all owners. No one unit will be favoured over another.