For sale Condo in Holetown Saint James Caribbean Barbados | Buy Real Estate

The Opportunity:

Fresh Invest are delighted to offer this luxury sea view 2 bed apartment on the West Coast of Barbados in the Caribbean. The apartment is significantly below comparable values of other nearby properties and offers investors a low cost entry to this ever growing luxurious island.

The developer of this resort has benefited from very strong presales and as a result only 5 apartments are available for purchase. With prices starting from only £170,000 and only a 30% deposit required until completion these offer investors low cost entry to an area of the world where this is traditionally hard to come by.

It is possible to invest in this opportunity with only a 30% deposit until completion. This offers investors the chance to fund the completion balance by a mortgage, easily attainable in the Caribbean.

The Development:

Located just 3 miles from The Sandy Lane Resort and 1.5 miles from the Royal Westmoreland Golf Club, this development is ideally placed to enjoy the very finest Barbados has to offer. With values for apartments in the area up to 40% higher than ours, this resort offers a fantastic opportunity to invest.

Purchasers on the resort are provided with a security login to the developer's website. With this login investors are allowed to customize the design of the interior of their chosen unit. Customization can vary from colour of kitchen fittings, quality of furnishings, colour of walls right up to relocation of non load bearing walls!

The developer of the resort is UK based and they therefore abide by UK laws. They come from an architectural background and their designs are always of the highest standard.

The Location:

Barbados is the most easterly of all the islands in the Caribbean and is often called `the most British` largely because of a prolonged colonial rule of Britain from 1627 right up until 1966, which was when the country gained independence. It is however still part of the Commonwealth of nations and therefore still recognises the monarchy. As a result of the long British rule, it has remained very popular as a holiday destination for UK nationals receiving 500,000 visitors from the UK every year!

Because of the location of Barbados, it benefits from very contrasting coasts; sharing it's Eastern coast with the Atlantic Ocean and of course the Western coast with the idyllic Caribbean sea.

The apartments are located on the Western coast of Barbados in a parish called St James. Often called the `Platinum Coast` the tranquil west coast is a playground for many of the world's most rich and famous celebrities. As a result property prices have remained robust.

Barbados is only an 8 hour flight from the UK and is only 4 hours behind Greenwich Mean Time. It is close to the equator and therefore is in a tropical climate zone. The tropical climate means that the island is predominantly sunny and average temperatures are between 24 and 29 degrees. Temperatures are kept comfortable by a trade wind blown from the North East. The islands do, of course receive a certain amount of rainfall, it tends to be between July and November and rain tends to fall for no more than a few minutes.

Financial Example:
Ground floor 2 bed apartment - 916 sq. ft. - $350,000

Purchase price (£) - £219,100
Anticipated Gross Rental Income - £28,483
Less Management @ 30% - £8,544
Net yield - 9%
Net annual income - £19,939

*Based on exch rate of $1 - £0.626

For more information and to contact us use the email link.