Rental Income 1 bedroom Apartment for sale in Sugar Hill, Saint James

Ideally located within the prestigious Sugar Hill gated community, Palm Breeze, is this stylish fully furnished one bedroom ground floor apartment with lush communal gardens and stunning infinity pool.

This charming property offers a comfortable and welcoming living space. The 125m2 comprises of a fully equipped kitchen and open-plan design that seamlessly connects to the living areas.

Situated as an end unit, this residence benefits from extra space and abundant natural light, creating a warm and inviting ambience. Enjoy the morning sunlight filtering through the open arch and the afternoon sunbeams landing perfectly on the sofa.

Escape to the covered terrace for al fresco dining with breathtaking views of the lush gardens, or unwind in your private elevated garden area just steps away from the beautiful communal pool, ideal for soaking up the Caribbean sun.

This apartment presents an enticing investment opportunity with a proven track record of repeat rentals that cover operational costs, along with shared lock-up storage for added convenience.

As a resident of Sugar Hill, you'll have access to a range of exceptional amenities. Indulge in the clubhouse with a fully equipped gym and restaurant, take a dip in the stunning infinity pool, or enjoy a game on the floodlit tennis courts. Owners and guests also have exclusive membership to the Fairmont Royal Pavilion beach club, adding an extra touch of luxury to your lifestyle.

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Features

Reference247688

Price345,000 USD

Bedrooms

1

Bathrooms

1

Floor Space

125.0m2

Land Area

Fees Paid By Seller

It does not cost you anything to purchase this property through us

Ground Floor

On ground floor of building

Terrace

Terraced outside space

Garden

Has landscaped garden space

Communal Pool

Access to communal pool

Rentable Accommodation

Gite, B&B, guest room or other space suitable for rent income

Pool View

Full or partial view of a pool

Walk to Amenities

Shops and other amenities within easy walking distance

Turnkey

Good Condition

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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.