Beachfront 4 bedroom Villa for sale with sea view in Batts Rock, Saint James, Saint James

3,500,000 USD 3,255,000 EUR 2,765,000 GBP

Reference: 241866

Bedrooms: 4
Bathrooms: 5
Floor Size: 3,700 m2
Plot Size: 0.29 hectares / 0.73 acres

Features

Balcony
Terrace
Possible Extra Dwellings
Potential for Income
Sea View
Private
Garage
Good Condition

Details

Beautiful multilevel home with pool, located on Batts Rock, St James. The sea views are stunning from each level.

This private home has an enclosed stairway. The stairway leads down to a private beach cove or the sea directly (depending on the time of year).

There are 2 x 1 bedroom, 1 bathroom apartments. Each has a private balcony and separate entrance. These rent well for holiday rental.

The main house is owner occupied for the winter months. It has 2 bedrooms each with bathrooms that share a large balcony. On the level below the bedrooms there is an open plan sitting room. This has a covered terrace and room with a day bed and full bathroom. Also on this level is the well equipped kitchen and laundry room.

The inviting plunge pool and terrace is uncovered and has wonderful ocean and sunset views.

Above the main bedrooms is a cool roof top deck. There is a car port off the main road.

The property was one of the first holiday homes in Barbados originally built in the 1970s. It was renovated by a well known architect in the 1990s.

The cliff-side has been regularly reinforced.

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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.