Bermudiana Beach condo units now on sale
Units at the Bermudiana Beach Resort condo-hotel project are now on sale.
A spokeswoman for the Bermudiana Development Company Ltd said in a statement this afternoon the condos are for sale on a 999-year leasehold basis.
Under the terms of the lease, owners are able to occupy them for up to 90 days each year.
The spokeswoman said: “Buyers at Bermudiana Beach Resort will have access to upscale on-property amenities, including a clifftop infinity pool and bar, a restaurant, a spa, a hotel reception area and additional swimming pool for children.
“A two-car funicular elevator will take guests to the immaculate and secluded pink sand beach below. Flexible spaces will also be available for meetings and events, as well as a beautiful outdoor space for weddings and other events.
“Bermudiana Development Company Ltd is responsible for the conversion of the property and, once open, properties and amenities will be fully-managed for owners by a professional hotel management team.”
Owners who choose to rent out their condos can do so through the hotel rental programme.
The spokeswoman said: “Being part of Tapestry Collection by Hilton gives Bermudiana Beach Resort access to Hilton’s 24/7 global reservations and sales system, a powerful loyalty programme and a global marketing presence.
“This is a convenient and highly effective alternative to personally managing vacation home rental and allows owners to achieve the highest possible occupancy and rental income each year.”
Brian Madeiros, the president and CEO of Coldwell Banker Bermuda Realty, the sole listing agent for condominiums at the site, said the offer is an attractive option for Bermudians who live overseas for part of the year.
Mr Madeiros said: “Bermudiana Beach Resort will market, manage and maintain your property, so you can enjoy all the perks of owning a condo without any of the hassle or responsibility.
“Being part of the Tapestry Collection by Hilton ensures that standards are maintained and rentals maximised”.
Prices for units start at $415,000 for studios, $465,000 for one-bedroom condos, $558,00 for two-bedroom condos and $750,000 for three-bedroom condos.
The on-site sales office is open to potential buyers from 9am to 4pm, Monday through Friday, and 9am to noon on Saturday.
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