Renovated 2 bedroom Villa for sale in Sunset Crest, Holetown, Saint James
Sunset Crest is a very popular residential area because of its proximity to beaches and amenities as well as financial and commercial activities.
This delightful property is a well maintained spacious villa of 111m2 comprising of a bright living and dining room, fitted kitchen, 2 bedrooms and 2 bathrooms, nestled in a quiet cul-de-sac with tropical foliage creating lush privacy.
All the bedrooms and common areas are fully air-conditioned. There is a covered te...
Sunset Crest is a very popular residential area because of its proximity to beaches and amenities as well as financial and commercial activities.
This delightful property is a well maintained spacious villa of 111m2 comprising of a bright living and dining room, fitted kitchen, 2 bedrooms and 2 bathrooms, nestled in a quiet cul-de-sac with tropical foliage creating lush privacy.
All the bedrooms and common areas are fully air-conditioned. There is a covered terrace that is fully screened, leading to a fresh and modern courtyard area which makes it ideal for additional alfresco dining and entertaining.
There is a large laundry and utility room with an adjoining storage area which could be converted to another bedroom or a self-contained studio apartment, if so desired.
It features a covered carport and space has been allocated where a plunge pool could be built.
This property is being sold furnished and would be a turnkey purchase.
Villas located in Sunset Crest have access to the exclusive beach facility at The Beach House, including the restaurant and bar, sun loungers and along with beach access, there is a swimming pool.
Sunset Crest is the ideal location on the west coast which is within walking distance to the best beaches, restaurants, nightlife and shopping. It is close to the Limegrove Shopping centre where there are duty free shopping, cafes, restaurants and bars.
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This Villa is located in Sunset Crest 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.