Luxury 3 bedroom Duplex for sale with sea view in Schooner Bay, Speightstown, Saint Peter
Set in Schooner Bay, a popular private, gated development, this exceptional property boasts over 300m2 of elegantly furnished living space.
There are three bedroom suites. The master suite is located on the upper level and opens out to a wrap-around balcony offering breathtaking views of the Caribbean Sea. This private balcony also comes complete with its own Jacuzzi and barbecue pit. The en-suite bathrooms are impeccable with marble tiles throughout. The master bath includes double vanities, whirlpool tub, and free-standing shower.
The lower level houses the two guest bedrooms. On this level there is also a WC, contemporary kitchen and open plan living room. This leads onto a spacious covered terrace. The perfect spot for relaxing and for watching the sunset. Also ideal for dining al fresco on balmy Caribbean evenings.
All residents of Schooner Bay have access to an on-site gym and a pool area. It is a communal lagoon-style swimming pool with Jacuzzi and a poolside gazebo. Residents benefit from 24-hour security in this very private gated community.
It is ideally situated within walking distance of historic Speightstown where there is a supermarket, bars and restaurants and a number of shops and banks.
A short walk down the beach is the well-known Cobblers Cove Hotel where the bar and restaurant welcome Schooner Bay guests.
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This Apartment is located in Schooner 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.