Palisades Development, Christchurch, Barbados

The portfolio comprises 10 fully tenanted residential units, all leased to the Embassy since their completion in 2010. The Embassy has an established track record of timely payments and lease renewals, providing a dependable income stream. Current leases extend through 2026 to 2028.

The portfolio generates a total monthly income of US$29,600, equivalent to annual gross revenue of US$355,200, inclusive of rent and common charges. Annual net operating cash flow is approximately US$225,672, representing a net return on investment of 4.3%. The asking price is US$525,000 per unit, or US$5,250,000 for the entire portfolio.

Beyond the immediate rental income, the investment offers potential for capital appreciation. Comparable units are currently achieving open-market values of approximately US$600,000 each, suggesting a potential combined resale value of US$6,000,000. This provides scope for future capital gains, particularly if an investor chooses to sell individual units rather than retain the portfolio as a whole.

The property’s prime South Coast location further enhances its appeal to both tenants and future buyers. Enterprise Beach and Oistins are within walking distance, offering easy access to the beach, supermarkets, banks, petrol stations, restaurants and the popular Oistins Fish Market. Two well-known surf breaks are also nearby, adding to the area’s lifestyle appeal.

Grantley Adams International Airport and Coverley Town Centre are approximately a 10-minute drive away. Coverley offers additional amenities, including a gym, restaurants, a supermarket and an emergency medical facility.

Combining an established institutional tenant, consistent rental income and potential for future resale gains, this portfolio presents an attractive opportunity for investors seeking a stable, income-producing asset in Barbados’ residential property market.