Unique 7 bedroom Complex for sale in Gibbs Glade, Gibbs, Saint Peter

1,250,000 USD 1,162,500 EUR 987,500 GBP

Reference: 244329

Bedrooms: 7
Bathrooms: 7
Floor Size: 437 m2
Plot Size: 1,561 m2

Features

Balcony
Garden
Private Pool
Air Conditioning
Multiple Dwellings
Potential for Income
Pool View
Parking

Details

Unique opportunity to acquire 3 stunning townhouses with pool and garden, ideally located near all amenities in a peaceful area of Gibbs Glade, Saint Peter.

These superb properties are situated in the Aurora Complex. This is an exceptional enclave in an enchanting setting. Here affordable luxury living meets sophistication.

This offer presents an exceptional investment opportunity. The chance to own 3 residences in a sought after location. The offer comprises three townhouses to be sold together. There are two meticulously designed two-bedroom townhouses and one generously proportioned three-bedroom townhouse.

These homes have been meticulously planned. They offer spacious floor plans, have contemporary finishes, and abundance of natural light. They all have living and dining areas, fitted kitchen, bedrooms and bathrooms.

The three bedroom townhouse offers approx. 167m2 of living area. This residence strikes a harmonious balance. It is both functional and elegant.

The stunning Gibbs beach is very close and ideal for swimming.

Commuting is effortless. There are major highways and public transportation options nearby.

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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.