New Build 2 bedroom Apartment for sale with sea view in Speightstown, Saint Peter

430,000 USD 399,900 EUR 339,700 GBP

Reference: 244787

Bedrooms: 2
Bathrooms: 2
Floor Size: 100 m2
Plot Size: 0.27 hectares / 0.67 acres

Features

Balcony
Garden
Communal Pool
Air Conditioning
Elevator
Sea View
Front Line
Walk to Beach
Walk to Amenities
New Build or Off Plan

Details

Stunning, new modern 2 bedroom apartment with beautiful landscaped communal gardens and pool, enjoying breathtaking sea views from its idyllic location near the beach and all amenities in Speightstown.

Coral Beach is the newest luxury development on the prestigious West Coast of Barbados, within proximity to the historic Speightstown.

The three-storey building, serviced by an elevator, will accommodate twenty-one impeccable residences on a 2694m2 site.

This bright and airy property of 100m2 is equipped with appliances and air conditioning, and features high-quality finishes and fixtures. There is a spacious open plan living and dining area with wonderful fully fitted kitchen, 2 bedrooms and 2 bathrooms.

Gated for ones security and enhanced by landscaping and a sparkling swimming pool.

The project is being undertaken by a well-established developer and contractor. Great quality - superior value.

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Barbados Property Buying Guide

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.