Beachfront 1 bedroom Apartment for sale with sea view in Paynes Bay, Saint James
Perched on the second floor of the exclusive Waterside development on Barbados' platinum West Coast, this superb property offers a front-row seat to striking, uninterrupted views of the sparkling Caribbean Sea.
This 85m2 property is ready to move right into and start living the beach-front dream. Large sliding glass doors lead out to a spacious covered terrace. There is a modern living and dining room with fitted kitchen, a good size bedroom with fitted wardrobe ...
Perched on the second floor of the exclusive Waterside development on Barbados' platinum West Coast, this superb property offers a front-row seat to striking, uninterrupted views of the sparkling Caribbean Sea.
This 85m2 property is ready to move right into and start living the beach-front dream. Large sliding glass doors lead out to a spacious covered terrace. There is a modern living and dining room with fitted kitchen, a good size bedroom with fitted wardrobe leading out to a balcony, a bathroom and shower room.
Inside, the open-plan design flows seamlessly, with high-quality finishes and elegant island touches throughout. And yes - there's elevator access for total convenience.
Residents enjoy these amenities at Waterside:
24-hour security
Secure underground parking with coded access
Elevator access to all floors
A peaceful lap pool surrounded by lush tropical landscaping
Extensive CCTV coverage for peace of mind
Located on the pristine sands of Paynes Bay Beach and just minutes from Holetown's restaurants, shopping, and world-class golf and tennis.
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Where is this property?
This Apartment is located in Paynes Bay in Barbados
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Buying Real Estate in Barbados
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.