Description of Property

Location:

Located on the beautiful Reduit Beach, just steps away from the cool waters of the Caribbean Sea, set in the heart of the marvelous shopping, dining, entertainment and economic sphere of Rodney Bay, this resort is among one of the top choices of the island. The primarily regional George F,L. Charles Airport is less than half an hour's drive away. Herannora International Airport is a ten minuite flight away from George F.L. Charles Airport by helicopter or approximatley one hour twenty minutes by road from Rodney Bay. The concept represents a compelling financial opportunity. The beauty of this beach front property out shines many, it is a superb example of exceptional quality.

 

Entrance to Grand and Luxuious Establishment.

Through these doors paradise awaits.

Twelve Properties for Sale Leasehold:

Sand Dollar (800's) -

6 x two bed beach appartments

2 x Ground Floor; 2 x First Floor; 2 x Second Floor;

US $850,000 each

Sea Horse (500's) -

6 x two bed poolside apartments

2 x Ground Floor; 2 x First Floor; 2 x Second Floor

US$750,000 each

 

Splendid views from apartment balcony.

 

Fantastic poolside apartments. The lovely architecture and general atmosphere is truly outstanding. The beach is within walking distance.

 

Lovely beachside apartments, wonderful landscape, and ahead... a beach view which calms the soul.

 

Beach front property. Simply beautiful, and a demand in the tourism industry.

 

Charming enviroment.

 

 

Apartments:

Lovely luxurious apartments which benifit from wonderful views from pool side here, and from the beach on the opposite side.

Each apartment has a fully fitted kitchen, and both bedrooms have modern state-of-the-art ensuite bathrooms. The master bedrom has a king size bed and the guest bedroom has two queen size beds. All the rooms are the air conditioned and have televisions, together with CD/DVD players. Facilities within the hotel include excellent water sports facilities, a lagoon style swimming pool, jacuzzi, Business Centre, free high-speed wireless connection, bars and restaurants. Bay Gardens Beach Resort is indeed, the superlative choice.

This air conditioned apartment room emits a classy, and tropical decor.

 

Stylish architecture, pleasant colour tones, and a beach view which beacons yout to the balcony.

 

Outstanding Beach Front View from balcony. Spend time here, enjoying the view, reading the paper or browsing the wireless net service. As the St. Lucian saying goes....Simply Beautiful.

 

A fully equipped kitchen at the ready.

 

Elegant and comfortable, this air conditioned ensuite master bedroom also provieds a view of the majestic beach.

 

Charming spacious bathroom, with recessed lighting and dual basins.

 

Lease:

The properties are offered on a 99 year lease, but the hotel undertakes to the Government of St. Lucia every 25 years to have the Leases which underlie the Development, made up to a new 99-year term. The costs of such applications will be charged to the Rental Pool. Every such extension granted to the hotel shall automatically be reflected in an extension of the term to be granted by The Lease, however the hotel does not make any warranties or guarantees with respect to the granting of such lease extension by the Government.

Owner Occupancy:

12 weeks: Six weeks High Season - Six weeks Low Season

High Season - 15th December to 15th April each year; One week either side Easter if it falls outside this period; Second week of Jazz Festival.

Low Season - Remaining period

Operating Year - 1st December to 30th November.

During 'Owner Occupancy' the owner can use the apartment themselves or rent it out to friends or clients, retaining the monies charged.

The sofa in the living room converts to a double bed. These numbers are inclusive of children over the age of two years.

Whilst the apartmet is occupied during the "Owner Occupancy" period the only charge will be US $50 per day by way of a Service Charge to cover direct costs such as, maid and linen service, guest supplies and electricity etc. This will be liable to Government Tax (10%) and Service Charge (8%).

Unused Owner Ocupancy weeks in any one year cannot be carried over to subsequent years.

In order to maintain room revenue, Owner Occupancy is restricted to (30%) of the room stock in any one High Season week and (40%) of the room stock during the Rest of the Year. Bookings will be accepted on a first come, first served basis and a waiting list will be established for cancellations in the event of excess demand.

Quarterly Maintenece Charge:

The owner will pay US$1,700 per quarter, quarterly in advance as a contribution towards the costs of electricity and maintenance of grounds and pools, 'All Perils' Building Insurance, including Third Party Liability and Contents Insurance, Property Taxes, Security, and an Asset Replacement Reserve. Any subsequent increases are capped to the annual inflation rate of the aforesaid items.

Profit Share:

When the Owner is not using their apartment it will be incorparated into the hotel programme. each two bed apartment, by a system of 'shut-offs', splits down into a deluxe hotel room and a one bed room suite. Profits from the hotel rental programe will be split between the hotel and the apartment owners.Bay Garden Beach Resort will attend to all the management, marketing and maintenance issues.

The Owners Share of Profits” will be 60% of the ‘Net Rooms Division Profit’. The ‘Net Rooms Division Profit’ is defined as Total Room Rental revenues, net of Government Taxes and Service Charge, less costs directly attributable to the Rooms Division department, which will include  payroll (e.g. housekeeping, reception, reservations etc.); electricity, water and sewage, Security, Grounds & Property Maintenance, Sales & Marketing, Property Insurance, Property Taxes and an Asset Replacement Reserve. For the avoidance of doubt it does not include revenue or costs associated to the restaurants, bars and beach facilities.

In the event that the Owner’s Share of Profits is a negative sum (a loss) in any year, The Owner’s will not be required to pay any contribution to the loss, but the loss will be carried forward and be deducted from any future profits prior to any future distribution Owner’s Share of Profits.

Calculation of the Owner’s Distribution Account shall be made annually on the basis of audited account and distributions shall be made within ninety (90) days following the end of the Operating Year. If the distribution is not made within the said ninety (90) days, the hotel shall pay interest on such sum at the rate of 6% per annum until payment. 

• Payment Terms:

           
In the event that the purchaser expedites payment in full they would be allowed to join the rental pool and enjoy owner occupancy from the time of full payment even though formal completion cannot take place until their Alien’s Licence has been received.

Amenities