Park Bay House Rentals
Park Bay has a very successful rental history and income generating performance - with many repeating guests.
If you are interested in renting Park Bay House, Contact us, or View the Rental Listing
Park Bay is Recommended by Trip Advisor for:
• Friends Getaways
• Families with Young Children
• Large Groups
The Property Performs well due to its Flexible capacity, attracting larger groups with its great value and large capacity and also offering intimacy for couples and smaller groups.
Families have been very attracted to Park Bay due to the safe location and easy beach access, with interesting opportunities for children to engage with nature all around. The rock pools on the beach provide safe paddling for even the smallest toddler and a reef break for experienced surfers.
Owners Benefits
Rental offers other benefits to owners beyond financial returns. Keeping a property up and running to a high standard means that when owners are able to visit the property is all set and performs well for them.
Rentals also benefits the local economy and charity weeks can be donated to good causes and 'auctioned'. Owners enjoy having good access for their own use, and can relax safe in the knowledge that the property is supported by full services on island in the periods they are off island.
Staffing and Running Costs
Current costs come in around / under $1000USD per month for the house team and general wear and tear. Insurance is around $1,700USD per year and taxes $250USD on island. Concierge guest services are applicable to each rental booking so are covered by rentals.
Rental Performance and Potential
The performance of the property is excellent, with revenue figures reaching over $65,000USD in the initial years when the current owners peaked with their focus on renting the property.
Current rentals performance is steady with very little input. The property benefits with repeating guests and time tested appeal; current rentals continue to bring in a good source of income for covering costs.
The scope is great to accelerate the bookings, with invigorated marketing and promotion, social media and past guest loyalty development.
Currently rented around 10 - 14 weeks per year with potential for more. With fuller marketing and specification of a pool there is certainly scope for this to be increased. 18 plus weeks a year would be a likely guide and overall the news is certainly encouraging regarding potential of the property.
High Season
1st Dec to 30th April
3000 USD wk 2 to 6 guests
3700 USD wk 8 to 12 guests
Low Season
1st May to 30th Nov
1500 USD wk 2 to 6 guests
1850 USD wk 8 to 12 guests
The property is super in that it offers very flexible accommodation for small to large groups as well as being great for children.