Beautiful 3 bedroom Villa for sale with sea view in Mullins Bay, Mullins, Saint Peter

2,500,000 USD 2,325,000 EUR 1,975,000 GBP

Reference: 240757

Bedrooms: 3
Bathrooms: 3
Floor Size: 171 m2
Plot Size: 440 m2

Features

Balcony
Terrace
Sea View
Front Line
Good Condition

Details

Outstanding waterfront property in Saint Peter, just to the north of Mullins beach.

The bright and beautifully appointed cottage comes with living space of 171m2 and includes two en suite bedrooms on the ground floor and a lovely master suite on the first floor, featuring impressive dormer ceilings, a shower room and a private balcony with fantastic views of the ocean, beach and Mullins Bay.
Also on the ground floor is a well-equipped kitchen and a living room that opens to a covered ocean-side dining terrace and uncovered deck with stunning sea views.

The property was totally refurbished in January 2009 and has a large sun deck right on the water's edge. A sea wall in front of the property leads to Mullins Beach just a few steps away.

This property is for sale independently, or could be purchased together with a neighbouring 3 bedroom cottage which is listed at US$2.25M.

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Barbados Property Buying Guide

1. Registering with a Barbadian Lawyer and the Central Bank of Barbados.

In order to purchase a property in Barbados you will require a registered Barbadian lawyer, their fees will be around 1.5 to 2% of the purchase price (+15% VAT). The buying process will generally take around 3 months. There are not generally any restrictions on ownership by foreigners, except for a formality that, if you are a non-resident, the Barbados Central bank must you give you permission before you may purchase a property. If you fail to gain this permission your purchase will be void. It is required by the Central Bank of Barbados that all money that is brought into the country must be registered. This can be best be handled by your Barbadian lawyer.

2. Signing the Purchase Agreement and Paying the deposit

Your lawyer will be charged with the conveyance of the title, the recording of the deeds and registering the survey plans with the Land Registry. Before you sign the Purchase Agreement and pay the 10% deposit, they will also check the agreement which will have been drawn up by the vendors lawyers. The Purchase Agreement will then be signed by the vendor and the deposit will be held by the vendor’s lawyers. The deposit will be forfeited if at any point after this you decide not to go through with the purchase.

3. The Conveyance

The register search will be carried out by your by your lawyer in order to establish whether the property or land is free from charges or any encumbrances and to establish the title. The conveyance will be drawn up by the sellers lawyer and will be checked by your lawyer. Once these checks have been made you will sign the conveyance and the balance of the funds will be paid. Once you have signed the conveyance it will go back to the venor’s solicitor to be signed by the vendor. Your part of the sale is now complete, all that is left is for the vendor to pay the stamp duty and to transfer the taxes.

4. General Information on Property Ownership in Barbados

Property can be owned in various ways in Barbados. In the name of an individual, through a trust or other entity, or through a foreign or local company. It is not unusual for non-Barbadians to purchase properties through newly formed offshore companies which are outside Barbados, but are registered to do business in Barbados.