Palisades Development 3A-10A Enterprise Coast Road Enterprise

A unique investment opportunity at Palisades on Enterprise Road in Christ Church, offering strong income stability with a reputable long-term tenant, plus clear potential for capital appreciation.

Overview:

This opportunity involves the acquisition of 10 fully tenanted residential units; all leased to the Embassy since their completion in 2010. The Embassy is a highly secure tenant, with an excellent track record of timely payments and lease renewals. Leases currently extend through 2026 to 2028.

Key Investment Highlights:

Total Monthly Income: US $29,600

Annual Gross Revenue (Rent + Common Charges): US $355,200

Annual Net Operating Cash Flow: US $225,672

Asking Price per Unit: $525,000

Total Bulk Asking Price: US $5,250,000

Net ROI: 4.3%

Current Open Market Value per Unit: US $600,000

Potential Resale Value (10 units): US $6,000,000

Capital Appreciation Angle:

While the yield is modest, there is solid value in the underlying asset. Comparable units are currently achieving US $600,000 on the open market, providing scope for capital gain should an investor choose to sell individual units in the future. This makes the deal attractive both for income today and flexibility tomorrow.

Tenant Strength:

The Embassy's ongoing tenancy underscores this as a low-risk, high-stability asset—ideal for investors seeking a reliable, passive income stream in Barbados’ premium rental segment.

Prime South Coast Location:

The property’s location offers exceptional lifestyle convenience, which not only enhances tenant desirability but also strengthens future resale value:

Walking Distance To:

• Enterprise Beach – one of the island’s best-loved beaches

• Oistins – with supermarket, banks, gas stations, restaurants, and the famous fish market

• Two popular surf breaks – ideal for active lifestyles

10-minute drive to:

• Grantley Adams International Airport

• Coverley Town Centre – featuring a gym, additional restaurants, a supermarket, and an emergency medical facility