The Barbados Revenue Authority (BRA) will auction 15 properties to the highest bidders on Thursday, March 27, 2025, at 9:30 a.m. The auction will take place in the Seminar Room of Sky Mall, Haggatt Hall, St. Michael.
This auction follows an initial announcement of 29 properties, marking a significant reduction in the number of listings. The auction is being conducted under Section 34 of the Land Tax Act, which grants the Revenue Commissioner authority to order the sale of properties via public auction in cases of outstanding land tax debt.
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Among the notable properties up for sale are three hotels in Christ Church:
- Regency Cove Hotel at Hastings, owned by Royal Caribbean Hotel Limited.
- Oasis Apartment Hotel at Worthing, owned by His Magestys Inc., a long-vacant and deteriorating property.
- Fairholmes Hotel at Maxwell, owned by Fairholme Hotel Limited.
Both the Oasis Apartment Hotel and Fairholmes Hotel were previously listed for auction in 2022 but remained unsold at that time.
The BRA has encouraged interested buyers, including individuals and investors, to review the terms and conditions outlined in the official sale notice. Those seeking more details can visit the BRA’s website or contact the relevant authorities for further information.
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With the sale of these properties, the BRA aims to recover outstanding taxes and facilitate new ownership opportunities for potential investors in the Barbadian real estate market.
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