0.87 Acre Beachfront Re-Development Opportunity, Brighton Beach, St Michael, Barbados
Available on request
10 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
This parcel represents a fantastic beachfront re-development opportunity. The property spans 0.87 acres (38,000 square feet) with excellent beach frontage.
The property currently features 3 buildings comprising of a total of 10 bedrooms and 7 bathrooms. The first building comprises two x 1 bedroom apartments and one x 2 bedroom apartment. The second building consists of two x 2 bedroom apartments. The third building offers two x 1 bedroom apartments. There is also a fourth building which has become derelict but could be restored.
The property has a gated entrance to the beach and is completely enclosed with a gated and paved parking. The property would be an ideal for re-development into 2 luxury villas with modern amenities such as rooftop decks, infinity pools and a modern open plan design. With the right design, sub-dividing into 2 lots with a shared entrance, presents a significant value add.
Last confirmed
- Type
- Land
- Land
- 37,900 ft²
What this listing includes
- Beachfront
- Parking
- On-site security
- Gated community
What people say about Barbados
Sources agree that Barbados is an expensive place to live by Caribbean standards, with the west coast (Platinum Coast, Holetown, St James) described as the priciest area and the east and inland parishes as cheaper.
- Mixed Barbados is expensive overall; the west coast (Platinum Coast, Holetown) is the priciest area, east and inland cheaper
- Mixed Foreigners can buy freely but should use a local attorney; Central Bank / exchange control approval and registering foreign funds are part of the process
- Mixed Property transaction taxes: sources disagree on who pays and the rate (2.5% seller-paid transfer tax plus 1% stamp duty vs a 10% non-resident figure)
- Concern Repatriating sale proceeds is restricted under exchange control; many non-residents use offshore holding companies
The asking price is not what it costs.
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