Caribbean MLSReal Estate

Pinelands Barbados 6BR Home

Available on request

The brief

The reason to consider it.

This is one of the best deals of the year, valued at $650,000 BBD.

This apartment complex features three levels:

  • Top Level: Spacious 3-bedroom, 2-bathroom apartment with an attached 1-car garage. Potential rental rate: $1,800 to $2,000 BBD per month (unfurnished).
  • Mid Level: 2-bedroom, 1-bathroom apartment. Potential rental rate: $1,300 BBD per month.
  • Basement Level: Cozy 1-bedroom, 1-bathroom apartment. Potential rental rate: $850 BBD per month.

All rental rates are for long-term leases.

This property presents a fantastic opportunity to own a fully-leased apartment complex. Please note, this property is subject to bid, and only the highest offer will be accepted.

Last confirmed

Type
Apartment
Land
4,004 ft²
Interior
Available on request
Year built
Available on request

What this listing includes

  • Balcony
  • Laundry
  • Storage

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

Read what people say, based on 12 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law