3 bedroom Duplex for sale with sea view with Income Potential in Oistins, Christ Church

1,080,000 USD 1,090,800 EUR 950,400 GBP

Reference: 239488

Bedrooms: 3
Bathrooms: 3
Work Required: None
Swimming Pool
Balcony
Income Potential
Air Conditioning

Details

Excellent beachfront property with 3 bedrooms on St Lawrence Beach in Barbados.

Offering a unique blend of serenity and style, this is one of 17 luxury beach-front apartments, which offer the buyer the serene environment of beach-front living mixed with the charismatic style of St. Lawrence Gap, the premier location for entertainment and dining in Barbados.

All units have their own separate storage lockers on the Pool Level next to the Management office. The units are fully air-conditioned throughout. This 3 bedroom/2 bathroom Duplex apartment is located just 2 miles from the capital Bridgetown and a mere 15-minute drive from the airport.

This is an excellent investment opportunity as the apartments have outstanding rental potential.
Prices include all appliances (fridge, microwave, oven, clothes washer and and dryer) and furniture, linens, cutlery and glassware, so that they are ready for immediate renting or occupancy.

The monthly charge includes water, onsite manager, security guards nightly and all exterior, elevator, jetty and pool maintenance.

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Barbados Property Buying Guide

Guide to the Barbados Buying Process

1. Registering with a Barbadian Lawyer and the Central Bank of Barbados.
In order to purchase a property in Barbados you will require a registered Barbadian lawyer, their fees will be around 1.5 to 2% of the purchase price (+15% VAT). The buying process will generally take around 3 months. There are not generally any restrictions on ownership by foreigners, except for a formality that, if you are a non-resident, the Barbados Central bank must you give you permission before you may purchase a property. If you fail to gain this permission your purchase will be void. It is required by the Central Bank of Barbados that all money that is brought into the country must be registered. This can be best be handled by your Barbadian lawyer.

2. Signing the Purchase Agreement and Paying the deposit
Your lawyer will be charged with the conveyance of the title, the recording of the deeds and registering the survey plans with the Land Registry. Before you sign the Purchase Agreement and pay the 10% deposit, they will also check the agreement which will have been drawn up by the vendors lawyers. The Purchase Agreement will then be signed by the vendor and the deposit will be held by the vendor’s lawyers. The deposit will be forfeited if at any point after this you decide not to go through with the purchase.

3. The Conveyance
The register search will be carried out by your by your lawyer in order to establish whether the property or land is free from charges or any encumbrances and to establish the title. The conveyance will be drawn up by the sellers lawyer and will be checked by your lawyer. Once these checks have been made you will sign the conveyance and the balance of the funds will be paid. Once you have signed the conveyance it will go back to the venor’s solicitor to be signed by the vendor. Your part of the sale is now complete, all that is left is for the vendor to pay the stamp duty and to transfer the taxes.

4. General Information on Property Ownership in Barbados
Property can be owned in various ways in Barbados. In the name of an individual, through a trust or other entity, or through a foreign or local company. It is not unusual for non-Barbadians to purchase properties through newly formed offshore companies which are outside Barbados, but are registered to do business in Barbados.