Immaculate 3 bedroom Villa for sale in Paynes Bay, Saint James
This superb property provides an unmatched luxury retreat and an enticing investment opportunity. There is a highly successful rental pool setup. This ensures hassle-free ownership and promises lucrative returns.
Owners may use their villas for up to 3 months of each year. The villas will be available to rent by holiday makers for the rest of the year. This is all managed for you so that it is hassle free. The yields generally cover all costs and provide a rental income for owners above and beyond costs.
It offers a ...
This superb property provides an unmatched luxury retreat and an enticing investment opportunity. There is a highly successful rental pool setup. This ensures hassle-free ownership and promises lucrative returns.
Owners may use their villas for up to 3 months of each year. The villas will be available to rent by holiday makers for the rest of the year. This is all managed for you so that it is hassle free. The yields generally cover all costs and provide a rental income for owners above and beyond costs.
It offers a meticulously designed layout. Three bedrooms, three bathrooms and a WC. This ensures ample space and comfort. The master bedroom features a lavish king-size bed as does the second bedroom. Both these bedrooms have en-suite bathrooms which feature bright walk-in showers. The third bedroom offers flexible accommodation options. They have either two twin beds or a king. There is also an en-suite bathroom with a shower.
There is a bright and spacious living and dining room and the kitchen is equipped with modern conveniences which include a microwave, dishwasher and refrigerator with an ice maker, a full-size oven and a four-burner hob. There are other kitchen appliances like a coffee maker.
Residents of Ylang Ylang Villas enjoy an array of exclusive amenities. These include poolside dining at the Sugar Apple Cafe. There is also a rejuvenating spa and salon, a well-equipped 24-hour fitness centre and four inviting pools.
The property also features "The Hut" which is a convenient mini-store offering snacks, groceries and beach essentials. There is also a car rental service, round-the-clock security and a personalised concierge service.
It provides easy access to an array of nearby attractions and is conveniently situated just a short drive from Holetown which 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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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.