Royal Westmoreland in Barbados Promises Rental Returns
We all have to cut our cloth according to our measure these days and, as such, even those looking to invest in the rarified market that is Barbados often have to justify the purchase by making an investment case for the property. Such is the marketing direction of Royal Westmoreland, the famous Barbadian golf resort, these days.
Press Release:
The exclusive golf and villa estate Royal Westmoreland in Barbados has launched a new development of 22 semi detached three and four bedroom villas, ‘Sugar Cane Ridge.” Due to their prime location in the heart of the estate they will appeal particularly to purchasers looking for a buy-to-let residence, and those looking to live in a home with world class amenities literally on the doorstop.
The homes have an ‘upside down’ design to maximise the panoramic views, with en suite bedrooms on the ground floor and an open plan kitchen, living and dining area on the first floor. The reception room leads out through French doors onto an expansive terrace, large enough for an outdoor dining table, chairs and sun loungers, perfect for taking in the south west views over the emerald green golf course and the Caribbean Sea beyond.
The 2,500 sq ft homes have a light and spacious feel accentuated by the high vaulted pickled pine ceilings and the expansive windows, whilst the light coral stone and slick interior walls, granite worktops and travertine floors provide a feeling of luxury and quality. A duty free furniture package is available from US supplier Esprit Decor, which makes for easy furnishing of the home for overseas owners.
One of the key advantages of the location is the proximity to the estate’s amenities such as the clubhouse, the first tee of the golf course, short game practice area, tennis gardens, Rum Shak, the Sanctuary pool and gym, all of which are under 5 minutes walk.
Prices for a 3 bedroom, 3 bathroom or 4 bedroom, 3 bathroom townhouse villa range from US$1.225m to US$1.595m (€923,750 to €1,202,750 at time of writing but obviously subject to currency fluctuation). Plunge and leisure pools can be added as an optional extra.
CEO Greg Schofield says: “These homes will be particularly popular for families to rent on the estate, due to their size and location. Last year similar style 3 bed homes at Royal Westmoreland provided a rental return for owners of 7%, whilst 4 bedroom homes generated a return of approximately 5 to 6%.”
The outlook for purchasing and renting a home in Barbados is positive according to Andrew W. Mallalieu, Managing Director, Terra Caribbean who says: “Tourism traffic has improved and forward bookings in high-end villa properties have recovered sharply. Choosing a location for a vacation home investment has come back to the basics – a beautiful island, with great service and products, no capital gains tax, and equal treatment for non-nationals in taxation matters, good infrastructure, safe and secure, and an enviable track record on financial returns.”
The Royal Westmoreland estate is made up of über-luxurious villas, apartments and penthouses spread across 750 acres of lush tropical landscape in the prestigious parish of St. James. The centre piece of the estate is one of the finest championship golf courses in the world. Designed by renowned golf architect Robert Trent Jones Jr. the par 72 course necessitates the use of every club in the golfer’s bag.
Long term resident at Royal Westmoreland and ex Masters Champion Ian Woosnam says: “The design of the golf course is fantastic and has the best layout of all the courses on Barbados. The par 3s are particularly good and the course is generally a good test of golf. Royal Westmoreland is one of top places to live in the world and the amount of famous sports people who have bought here is a reflection of that.”
A short drive inland from the ‘Platinum Coast’ with its beautiful white sandy beaches, chic restaurants and laid back beach bars, access to the estate is granted by appointment only ensuring owners the tranquillity and seclusion they wish for.
All owners at Sugar Cane Ridge have unrestricted access to the estate’s extensive leisure facilities which include three 25 metre leisure pools, a children’s pool, a fully-equipped gym, the golf course, Clubhouse restaurant and Bajan Rum Shack, floodlit tennis garden courts, the island’s only Elemis endorsed spa and a Private Beach Club at Mullins Bay- a magnificent stretch of secluded coast just a few minutes’ drive away from the estate.
For more information visit www.royalwestmoreland.com.
