Become a Little Good Harbour Property Owner
Little Good Harbour offers prospective prospective property buyers a chance to invest in one of the few family-run hotels located on the West Coast of Barbados. With attractive options, expert management and strong booking history, it provides an incredible Barbados property ownership opportunity.
Ownership
Little Good Harbour is a self-catering hotel with one, two and three bedroom condominiums set on two acres of lush beachfront gardens on the famed west coast of Barbados. There are two pools, a spa and private gym as well one of the island's most famed restaurants, The Fish Pot.
The development is owned by a holding company which issues one residential share per condominium. Each shareholder will be entitled to exclusive possession of the condominium to which the residential share applies. The company's structure provides a reduction in annual land tax & certain benefits applicable to hotel operations. Any future sale is by sale of the share. Under Barbados law, sale of shares attracts a 2.5% transfer tax & 0.5% stamp duty.
Management
An owner must enter into a rental management agreement with Little Good Harbour Barbados, which has the prime purpose of managing the property as a hotel. All management, reservations & accounting support services will be supplied as part of the agreement.
Each owner must make his or her condominium available for rent for nine months of the year, with complete use of the condominium for the remaining three months.
All condominiums are sold fully furnished to ensure uniformity of contents. The property is fully serviced including housekeeping, nighttime security and regular pool & garden maintenance. All expenses & revenues are pooled, offering a fair distribution of net revenues between all owners. No one condominium will be favoured over another.
The Best restaurant on the Island! We visit Barbados every year and visit the Fishpot at least 6 times for dinner - it is a MUST! The food is really fabulous, the location is unbeatable and the staff are incredibly nice. The perfect spot for a relaxing evening - you will love it!!
