The exclusive and vibrant Barbados gated community and golf estate, Royal Westomoreland, is expanding its property offerings to include fractional ownership. An exclusive resort community of privileged and discerning homeowners, the fractional ownership product is being introduced to appeal to those who love the Royal Westmoreland lifestyle but cannot commit to full ownership at this time or for those who only wish to use their residence at Westmoreland for a limited time throughout the year.
With fractional ownership at Royal Westmoreland in Barbados, you simply own for the time you plan to spend in your residence, enjoy all the privileges of ownership and membership while limiting the running costs to only the time you choose to own.
Two weeks out-of-season fractional ownership of a four bedroom villa costs US$50,800/£33,400 and four weeks in-season starts at US$129,700/£85,300 for four weeks in-season.
Enjoy the Smarter Way to Own a Home in Barbados with Fractional Ownership at Royal Westmoreland
The fractional program allows Owners to purchase a month now and in the future trade their fractional share as a deposit against a full ownership residence.
Head of Sales, Kim Goddard, says, “We often find that potential purchasers might have the means to buy full ownership but are constrained by the amount of holiday time they have to utilise their home at this point in time. So for them this is a savvy way of buying a home that is aligned to their expected usage, controlling their expectations when arriving for their annual holiday whilst allowing them to benefit from capital uplift in the property value when looking at justifying a full ownership purchase.
Included in Ownership at Royal Westmoreland are a number of member activities, such as: “nine and wine” – nine holes of golf with wine every Friday for the ladies, tennis, dining, exclusive events, and just simply lounging by the pool.
The fractional ownership program at Royal Westmoreland is held freehold/deeded in a third party trust in the Isle of Man, governed under UK commonwealth property law, and ownership shares in the villas are fully transferable, sellable and willable.
Owners who are unable to visit the resort during the time period purchased are able to exchange their weeks through an internal exchange program to allow the storing and movement of time that provides the benefit of year-round access to multiple size residences on resort.
Owners can also exchange weeks at other resorts around the world through an affiliation established with Preferred Residences as well as a two year membership with Preferred Golf Club, providing access to some of the most prestigious courses in the world, including the K Club in Ireland and the Cambridge Beach Resort & Spa in Bermuda.
Royal Westmoreland is a 750 acre exclusive golf, beach and spa estate and offers a range of private villas, townhouses and apartments which are available for both home ownership and holiday rentals. Five-star amenities include the championship golf course, beach club, world class gym and pools, restaurants, tennis courts and Elemis spa.
Find out more: http://www.royalwestmoreland.com/ownership/fractional-ownership