Set on the southernmost tip of the island, Silverpoint is a villa hotel comprising 88 condominiums in a resort community formerly known as the Silver Rock Hotel. The development is being refurbished and refitted with 55 studios, 30 one-bed units and three two-bed apartments.

In a lease-back scheme which will be fully managed by Silver Point Management, each unit comes with a guaranteed rental return of 6% for the first year.

Studios and apartments are fitted out to four-star standard and include a full furniture package.

A popular beach holiday destination, particularly with American visitors, Barbados has a tropical climate and a burgeoning tourist industry.

On-site facilities include a swimming pool, restaurant, spa, fitness suite, parking and watersports amenities.

Price: from 149,000 Agent: Elliott & FitzGerald (01-6614403)