Project Plot of land for sale with sea view in Weston, Saint James

11,000,000 USD 10,230,000 EUR 8,690,000 GBP

Reference: 232854

Plot Size: 0.47 hectares / 1.17 acres

Features

Potential for Income
Sea View
Quiet Area
Front Line
Walk to Beach

Details

Unique opportunity to acquire an impressive beach front plot of land totalling 1.25 acres with planning permission for a main villa and guest cottage, enjoying stunning sea views from its location near all amenities in Weston.

This presents an incredible development opportunity for the discerning investor looking to create the quintessential Caribbean retreat. Set on the West Coast of Barbados with over 60 ft. of beach frontage and a generous setback from the main road, Weston is the ideal location for a stunning villa.

The property can readily accommodate spacious outdoor living areas and gardens, providing an ideal setting for seaside relaxing and entertaining.

The white sandy beach provides an ideal setting for sunbathing; the tranquil Caribbean waters provide safe swimming for adults and children alike. Weston boasts one of the best addresses on the island's West coast, neighbouring some of the most exclusive villas in Barbados such as Mango Bay, Cove Spring, The Dream and Gardenia.

Weston is also within close proximity to an impressive range of amenities. Nearby Holetown offers a wide selection of duty-free and boutique shops, epicurean dining and vibrant nightlife. Speightstown, a quieter town in the North of the island, maintains the charming architectural features of the past; with cosy beach-front cafes, art galleries and casual bars, it provides a relaxed atmosphere enjoyed by visitors and locals alike.

Both towns have grocery shops, banks and post offices.

For sports enthusiasts, Weston is within easy driving distance of some of the island's finest sporting amenities, including world-class golfing at Sandy Lane, Royal Westmoreland and Apes Hill and tennis at Sugar Hill, a David Lloyd Development. Some of the west coast's top beaches are also readily accessible, but having direct access to the white sandy beach and turquoise Caribbean Sea just in front of Weston will be difficult to beat.

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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.