Reference258402
Price850,000 USD
Bedrooms3
Bathrooms4
Floor Space201.0m2
Land Area
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Immaculate 3 bedroom Condominium for sale in Paynes Bay, Saint James

850,000 USD
816,000 EUR671,500 GBP
Wonderful opportunity to acquire an exquisite 3 bedroom villa nestling in beautiful communal lush gardens with pools, ideally located near all amenities and the beach in the coveted Paynes Bay area on Barbados' Platinum Coast.

Situated in a much sought after Beach View development in a a setting of elegance and tranquility, these villas provide an unmatched luxury retreat. They are perfect for those seeking relaxation and offer a meticulously designed layout.

Each unit has three bedrooms, three bathrooms and a powder room. This ensures ample space and comfort. Great for residents and guests alike. The master bedroom features a lavish king-size bed as does the second bedroom. B...
Wonderful opportunity to acquire an exquisite 3 bedroom villa nestling in beautiful communal lush gardens with pools, ideally located near all amenities and the beach in the coveted Paynes Bay area on Barbados' Platinum Coast.

Situated in a much sought after Beach View development in a a setting of elegance and tranquility, these villas provide an unmatched luxury retreat. They are perfect for those seeking relaxation and offer a meticulously designed layout.

Each unit has three bedrooms, three bathrooms and a powder room. This ensures ample space and comfort. Great for residents and guests alike. The master bedroom features a lavish king-size bed as does the second bedroom. Both these bedrooms have en-suite bathrooms. These feature bright walk-in showers, and the third bedroom offers flexible accommodation options with either two twin beds or a king. There is also an en-suite bathroom with a shower.

These villas present an enticing investment opportunity. There is a highly successful rental pool set up which ensures hassle-free ownership and promises good returns.

Each villa is fully turnkey with a kitchen equipped with modern conveniences including a microwave, dishwasher and refrigerator with an ice maker. Additionally, there is a full-size oven and a four-burner cooktop. There are other kitchen appliances like a coffee maker.

Residents enjoy an array of exclusive amenities. These include poolside dining at the Sugar Apple Cafe, a rejuvenating spa and salon and a well-equipped 24-hour fitness centre. The resort also has four inviting pools.

The property also features "The Hut". This is a convenient mini-store. It offers snacks, groceries and beach essentials. There is also a car rental service. The Hut caters to residents' every need.

This gated property offers round-the-clock security and a personalised concierge service.

The villa provides easy access to an array of nearby attractions. It is conveniently situated just a short drive from Holetown. Holetown is the hub of the west coast and offers duty-free shopping, restaurants, bars and supermarkets. There are banks, cinemas and a medical centre and beautiful beaches in Holetown.
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Location

Where is this property?

This Villa 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.