Stylish 3 bedroom Penthouse for sale with sea view in Beach Front, Saint James, Saint James

1,700,000 USD 1,581,000 EUR 1,343,000 GBP

Reference: 239275

Bedrooms: 3
Bathrooms: 3
Floor Size: 232 m2

Features

Parking
Front Line
Walk to Beach
Penthouse
Balcony
Air Conditioning
Potential for Income
Sea View

Details

Unique opportunity to acquire a luxurious 3 bedroom Penthouse apartment enjoying breathtaking sea views from its idyllic beachfront location between Holetown and Speightstown on the west coast of Barbados.

This stunning property has plenty of outdoor space and the calm sea which is ideal for swimming, snorkelling, and all other water sports.

This beach-front apartment is beautifully presented, an ideal turn-key holiday home, or could be rented out. It offers two attractive dining options, both inside and out, the beautiful coral stone outdoor dining table is covered by a pagoda providing welcome shade.

The two beautifully decorated and spacious bedrooms have direct outdoors access and are en-suite with attractive marble finishes, and have ceiling fans as well as air-conditioning.

On the ground floor is a large open plan modern fitted kitchen and living area that lends itself to entertaining. The double doors in the living room open out and allow the cool trade winds through the property. The views from this penthouse at Reeds House are truly breathtaking.

Just a few steps away is the white sandy beach of Reeds Bay. Situated in Lower Carlton, this superb property lies North of Holetown and South of Speightstown. The development is in easy reach of the amenities of both towns, in addition to the world class golf courses and wide selection of restaurants offered on the island's beautiful West Coast.

Show Map

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.