Short and long term rentals are appropriate for this 7 bedroom, multi unit property.

The property is located in Dover Gardens. This is on the 'residential end' of St. Lawrence Gap (the busiest tourism hub in Barbados), and is a 2 minute walk from the beach and amenities while maintaining a residential atmosphere.

Currently there are 4 units. 3 are rented long-term and my family lives in the 4th one. We have been successfully renting these units for 15 years.

The previous owner also used the property in a similar way; living on-site but renting units SHORT-TERM only.

There are easy conversion plans for creating 6 smaller units if desired.

The property has been modernized over the last 3 years. The finishes in all rental areas are similar.

We have had tremendous success with this property and are only selling because our family now has 2 young children necessitating more family room.

This furnished, turn-key and fully tenanted property is on sale at US$800k


Property information

Planning consent: The conversion into 6 units would not need planning permission.
Size in square feet: approximately 14,800 sq ft of land
Location: Residential section of St. Lawrence Gap, the busiest tourism hub in Barbados. 2 minutes walk from the beach and other amenities.
Living accommodation: My family has lived in the Top Apartment for 15 years. This is approximately 3,600 sq ft. It has 3 bedrooms, 2 bathrooms, kitchen, living dinning and patio
Real Estate: Real Property Included

Business Operation

Years established: About 30 years. My family has run the rentals for 15 years.
Employees: none
Expansion potential: There are easy conversion possibilities for creating 6 smaller units. There is also significant potential for increased earnings by using the rental units for short-term rentals. Currently we have only done long-term.

Other information

Support & training: The property is fully tenanted now.
Price:
$800,000
Cash flow:
Available on request
Revenue:
Available on request
Seller financial available: N/A
Work from home: N/A
Franchise: No
Year established: About 30 years. My family has run the rentals for 15 years.
Employees: none
Date: Mon 03 Oct 2011

Listing Expired!

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