Group proposition offers a unique opportunity to have real ownership of a
delightful 3 bedroom, 2 bathroom villa, with a pool and a car, situated in
an excellent position in the most sought-after part of Barbados, at a price
equivalent to that of buying a small apartment in a crowded development.
"Cuillin" is a recent villa built in the traditional local style on a hillside a couple of miles inland from the renowned West Coast of Barbados. It is owned by a small private syndicate of three members, formed specifically to run the villa for the benefit of those members. Careful organisation provides each member with virtually all the flexibility and control of outright individual ownership, while enabling all costs to be kept at an extremely affordable level, with no requirement for rental to strangers to contain running costs.
its members share usage and costs, the "Cuillin" Group is
emphatically NOT a timeshare. The house was built specifically for its original owners,
who were then full time Barbados residents, but they now no longer need
outright full-time ownership and usage of the property, and sought two
partners to join them in sharing it. One new partner has now joined and the
remaining one-third share is currently available. Under the group arrangements, the syndicate
members jointly own 100% of the equity in the property, and have total control
over it. This control is exercised via a comprehensive Members’ Agreement,
which maximises the benefits of ownership of the property solely for them.
A one-third share in
“Cuillin” costs £185,000. This represents one third of the value
of the property itself, other assets owned by the Group, and the
costs of establishing the group itself as an independent legal entity in which
each group member has an equal shareholder. Comparing this with the current
open market sale price of similar properties, and with other property available
at the same cost as a “Cuillin” one-third share, it is immediately
obvious that this presents an exceptional opportunity for both personal
enjoyment of, and investment in, one of the most sought-after locations in the
Caribbean. As the house’s original owners continue to be one of the three
equal partners, it can clearly be seen that this is a genuine private syndicate,
the sole objectives of which are the mutual benefit of the members. This
prospectus covers in some detail what the group property
is, the Organisational arrangements and financial
aspects, and the way to join the syndicate.
For more information about the organisation responsible for setting up and running the syndicate, please click here to go to The OwnerGroups Company Ltd. website, or click on the OwnerGroups button at the top of any page.