Amenities
Property in Springcourt while enjoying the serenity of a quiet location is
close to the beaches, shops, restaurants and other entertainment in the
Hastings, Worthing and St. Lawrence areas on the south coast. It is adjacent
to Barbados' Rockley Resort which offers a golf course and tennis courts.
It is an ideal location about two miles from Bridgetown Barbados and is
within easy reach of the airport.
Rockley Beach
The Setting
These Barbadian apartments and villas are attractively designed incorporating
a courtyard style mingled with traditional Caribbean construction forms.
These structures offer excellent protection against tropical weather. The
condominiums are set in luxurious landscaped gardens which include many
water features. The swimming pool at the centre of the development is fed
by a waterfall from the West side; there are fountains and ponds in the
other courtyards. The slope which rises to the North of the site furnishes
walkways and quiet areas leading to a focal point near the top from which
there are stunning views over the south
coast to the Caribbean Sea.Condominiums There are 8 main blocks, 4 containing
two two-bedroom houses built on two floors. These villas have living areas
on the ground floor and bedrooms and bathrooms on the first floor charmingly
constructed incorporating the roof space by the clever use of dormer windows.
The bedrooms are very spacious. The two
blocks at the North of the site comprise two and three floors respectively.
The lower floors of which are designed as three bed-room apartments providing
threesuch apartments. There are 4 one-bed apartments on the top floor.
The central building comprises the reception on the ground floor, two studio
apartments on the first floor and the roof garden with seating areas above.
The ground floor areas are for the convenience of the residents. The Exterior
walls have a textured coral stone type finish and are painted in gentle
pastel colours adding to the beauty of the development. The units have
integrated living space which includes either a patio or balcony. The units
are fully air-conditioned and provided with ceiling fans. The interior
finishes are superb. Each condo has a fully fitted European kitchen, adding
style to this Caribbean real estate.
Investment
Buy a great Caribbean Investment. You as an owner of one of these condominiums
will find that whether you want to live in it yourself, rent it long term
or use it for short term holiday letting, the design and layout of the
accommodation is ideal. As an investment you can expect a good return as
well as look forward to capital appreciation.
Management
When not occupied by you the unit can be managed and rented on your behalf
to tenants or holiday makers. Our management company will market the property
and be responsible for supervising the maintenance of your apartment for
you. The management company will liaise with all other service providers.
You are at liberty to choose your own management company.
Construction
Construction is under way, but the opportunity to customise your own piece
of real estate in Barbados is still available. You may be able to make changes
to the internal finishes and fitting with the agreement of the Architect
and contractor. Choice of hard and soft furnishing will be the responsibility
of the owner but our on –site interior decorator will be available
to advise you.
Buying a Condo, House or Apartment in Barbados
The units are being constructed in sequence. Blocks A and B are finished.
Construction of Blocks C and D, the studio block and swimming pool are due
to
be completed in December 2006. Phase 3 is scheduled to be competed by
winter of 2007/2008.
No. 1 Springcourt, the model condo is available for viewing. Make your
selection and pay your deposit now to secure your first choice of condo,
house or
apartment.
Buying is easy.
When you decide to go ahead a 10% deposit will be required to secure
the condo, house or apartment for you at the price offered on that day. This
10%
deposit is refundable if the client decides not to proceed. However monies
will
only be refunded when an alternative client completes a sale.
Further payment will be required in stages as the building progresses. In
order
for you to plan the financing of your purchase, we will give you six weeks
notice
of when each stage payment is due.
Staged payments
The payment stages are as follows:
10% deposit on agreement to purchase
20% on completion of the foundations for the block
20% on completion of the walls of the block
20% on completion of the roof of the block
30% on conveyance of the condominium
Registration of money
Money transferred to Barbados, to finance the purchase of property in Barbados,
must be registered with the Central Bank to ensure that this money together
with
profits accruing from the property can be taken out of the country should
you sell
your condominium. We will be happy to do this for you.
Return of Deposit
If, after having paid your deposit you change your mind about proceeding
with
the purchase, your deposit will be returned as soon as a new buyer is found
for
that unit.
Annual Land Tax
Residential property is levied on its capital value as follows:- (in Barbados
dollars)
·
First $125 000 - Zero rated
·
Next $225 000 - 0.40%
·
Next $500 000 - 0.45%
·
Excess over $850 000 - 0.75%
Property transfer tax
This is charged to the vendor on the sale of property at a flat rate of 7.5
percent
(7.5%) on the value of the property in excess of $ 125,000 BDS.
STAMP DUTY
This is a charge to the seller at a rate of one percent (1%) of the selling
price.
Service Charges
These will be based on the actual annual costs of maintaining security, swimming
pool, gardens and grounds, exteriors of buildings and cleaning of common
areas
of the property. These costs are spread between the owners of the
condominiums. The estimated figures shown below are a guide to the likely
monthly costs. The greatest expense is providing 24 hour security so I have
shown the figures with and without the hiring of security guards.
With Security Guard Without Security Guard
US$ BDS$ US$ BDS$
Studio 125 250 50 100
One-bed 190 380 75 150
Two-bed 315 630 125 250
Three-bed 315 630 125 250
Insurance premiums
Condominium - annual premium US$ 900 (BDS$ 1800) approximately.
Contents - annual premium US$ 150 (BDS$ 300) for US$20,000 (BDS$ 40000)
value.
These are indicative estimates only; the actual amount would be a matter
for
negotiation between you and the insurance company. The example shown above
is for the 2-bed town house.
Death Duties
There are no death duties in Barbados.
Rental
If you are thinking of renting your apartment, the rents currently being
achieved
for annual tenancies for a one-bed unit is about US$1000 (BDS$ 2000) per
month.
The rent for the 2-bed town house or 3 bed apartment are in the region of
US$
2000 (BDS$ 4000) per month for annual tenancies.
A guide for the daily rates that you might expect to achieve for holiday
makers at
Springcourt is:
Studios - US$ 90
One-bed - US$ 150
Two-bed - US$ 250
Three-bed - US$ 300
These figures are based on the winter rate. Summer rates would be 20% less.
The highest rate would be achieved at Christmas and New Year.
Management charges - General
These would depend on the level of service you require but could be between
10% and 15% of the rent if the apartment were let annually. The costs of
management for holiday lettings would depend on the level of service you
choose. If you occupy or manage your apartment yourself, there would be no
management charges.
Management charges - Springcourt Management Company
This includes collecting rent, handling problems & managing inventory,
depositing to local accounts and paying any bills.
Maid to clean with laundry included approx. BDS$75.00 each time.
This includes bed linen and towels, NOT personal items.
PRICE LIST
PLS NOTE THAT THERE IS 10% OFF THE LISTED PRICES BELOW UNTIL THE END OF
APRIL 2007- PLS REGISTER INTEREST URGENTLY Block Lot Side sq. ft Specification Price (US$)
C 5 East 751 1 bedroom 1 bathroom 325,000.00
D 7 East 751 1 bedroom 1 bathroom 345,000.00
D 8 West 751 1 bedroom 1 bathroom 345,000.00
Reception 10 North 344 1 studio 1 bathroom 195,000.00
E 11 East 1397 2 bedroom 2.5 bathroom 615,000.00
F 14 East 1397 2 bedroom 2.5 bathroom 595,000.00
F 15 West 1397 2 bedroom 2.5 bathroom 595,000.00
G 16 Lwr. G Floor 1227 3 bedroom 2 bathroom 645,000.00
G 18 East 699 1 bedroom 1 bathroom 360,000.00
H 21 East 699 1 bedroom 1 bathroom 360,000.00
H 22 West 699 1 bedroom 1 bathroom 360,000.00
site plan
 
|
