Newstead Belmont Hills Unit 210, Fractional Condo, Paget

Description

A great opportunity to own a vacation fractional home in Bermuda with a rental income. The Deluxe Studio includes a golf membership, has a water taxi to Hamilton, and shuttles to the beach. Owners' purchase gives them 1/6th interest in the unit. The deed is fully transferable and allows the owner 8 weeks of usage per annum, in 2-week increments, 4 times per year, based on a fixed, rotating schedule. The unit features a balcony which overlooks the water, providing breathtaking views of Hamilton Harbour. The open-plan consists of a kitchenette, a spacious room with a king-size bed and sitting area, a large bathroom, a flat screen TV, and internet access. There is a beautiful spa on site and an excellent restaurant featuring some of the finest cuisine in Bermuda. When not in use by the owners, the unit is put into the Belmont Hotel rental pool, of which the hotel retains 60% and the vendor receives 40% of the rental fee.