Plot of land for sale with sea and panoramic views in Saint James, Saint James

1,600,000 USD 1,488,000 EUR 1,264,000 GBP

Reference: 217925

Plot Size: 0.64 hectares / 1.58 acres

Features

Golf Resort or Nearby
Sea View
Panoramic View
Front Line
May Require Improvement

Details

Exciting opportunity to create a dream home with this 6,900 square feet plot of land in the highly sought after area of lush, tropical and exclusive prime location of Westmoreland Ridge, in the luxury residential district of St James, Barbados.

The area is analagous with a truly exceptional lifestyle, world-class golf, as well as 5-star amenities, and is widely regarded as one of the most beautiful and sought-after regions of the world.

Westmoreland has long been a favourite among VIPs and celebrities. Joe Calzaghe, Andrew Flintoff, Wayne Rooney and Ian Woosnam OBE are just some of the sports personalities who have homes in the area. Westmoreland Ridge affords breathtaking panoramic views of the South West Coast and the Caribbean Sea, as well as the emerald green golf courses. Within a secluded and extremely safe location, Westmoreland Ridge is a perfect setting for the family, with easy access to the airport. This fantastic plot is a short drive from the Platinum Coast with its stunning white sandy beaches, laid-back beach bars and chic restaurants, such as the celebrity hotspot The Lone Star Hotel, Bar and Restaurant. It is close to the designer shopping and restaurants in the new Limegrove Lifestyle Centre in nearby Holetown

• Beautiful panoramic sea views
• Close to all amenities in nearby Holetown
• Frontline Golf

Breezy location,
Close to beach,
Family location,
Golf available,
Golf course view,
Panoramic views,
Restaurants close by,
Sea Views
Luxury Plot of Land with Project - Barbados
Westmoreland Ridge - Land
Prime Development Opportunity
Beautiful Sea and Golf Courses Views
Secluded and Extremely Safe Location
Exclusive Westmoreland Ridge Estate
Short Drive from the Platinum Coast

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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.