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Apartment/Flat Description
The Opportunity:
Fresh Invest are delighted to offer just 1 x 1 bed apartment on the West Coast of Barbados in the Caribbean.
If you are looking for a "bolt hole" in the Caribbean that has the potential to not only pay for itself but also provide you with a generous income, look no further.
The developer of this resort has benefited from very strong presales and as a result only 1 apartment is available for purchase. With a price of just $215,000 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 means investors can fund the completion balance by a mortgage, easily attainable in the Caribbean.
The Development:
This development gives investors the chance to own a luxury apartment in the prestigious St James parish at a truly incredible price.
The development will deliver 11 contemporary and individually designed apartments.
Each apartment offers generous covered deck, some overlooking the private swimming pool for residents and the rest with views towards a well presented mix of single and two-storey residential homes. Secure entry and allocated parking will ensure that each apartmentis "turn key" to allow for easy holiday living and management.
All properties (sold as "freehold condominiums") presents a great investment opportunity to deliver an attractive "Bajan" second home that pays for itself and gives you an enviable income.
The Limegrove Effect
With names like "Cartier, Dior, Armani" etc all taking leases in the new Limegrove shopping and lifestyle centre, Holetown's future as the hub for Barbados's rich and famous looks assured.
Ixora Resort is located just 200 metres from the new Limegrove shopping and lifestyle centre and is still only 500 metres from the beautiful beaches of St James. Just as a comparable, 3 bed properties within the Limegrove scheme are currently selling for over $1 million and all apartments are sold out.
The Limegrove centre is Barbados' first mixed use Lifestyle centre and as well as including many top class shops it will also be an area full of top class restaurants, delicatessans, cafe's and bars.
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*:
First floor 1 bed apartment - 569 sq ft - £135,450
- Purchase price - £135,450
- Anticipated Gross Rental Income - £17,640
- Less Management @ 30% - £5,292
- Net yield - 9%
- Net annual income - £12,348
*Based on an exchange rate of £1 - $0.63
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Approximate price of this 1-Bed Apartment
€168,390 EUR |
£136,177 GBP |
US$215,000 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment |
| Bathrooms |
1 |
| Bedrooms |
1 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Map of Holetown, Saint James, Barbados
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Price: US$215,000
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