Caribbean MLSReal Estate

1 Bedroom Condo at Wyndham Lambert Beach Resort

Available on request

The brief

The reason to consider it.

Experience the luxurious lifestyle of vacationing in a studio condo on a British Virgin Islands resort. These investment properties provide a steady income for any owner and offers usage of 2-4 weeks per year. Condo ownership is freehold/absolute and is part of the Wyndham Rental Program.

Indulge in amenities that are covered by very low condominium fees, such as the largest swimming pool in the BVI, a full restaurant, gym, tennis court and the serene beach right at your doorstep. Rental income is consistent and offers a 60/40 split with the hotel. Depending on the time of year rental rates sit around $350 per night on average.

Type
Condo
Interior
Available on request
Land
Available on request
Year built
Available on request

What this listing includes

  • Pool
  • Beachfront
  • Restaurant or bar
  • Fitness centre
  • Tennis court
  • On-site security
  • Gated community
  • Air conditioning

What people say about British Virgin Islands

Foreign buyers in the BVI who are not Belongers need a Non-Belongers Land Holding Licence before they can hold property.

  • Mixed Non-belonger land holding licence is required and slow; official guidance says 3-5 months, readers say a year or more
  • Concern Stamp duty 12% for non-belongers vs 4% for Belongers, plus land and house tax
  • Mixed Rental use is now built into licences but a trade licence is still required
  • Concern Property insurance is costly after Irma and Maria; under-insurance hurt owners

Read what people say, based on 11 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law