Furnished 4 bedroom Villa for sale in Holetown, Saint James, Saint James

1,100,000 USD 1,023,000 EUR 869,000 GBP

Reference: 239206

Bedrooms: 4
Bathrooms: 4
Floor Size: 743 m2
Plot Size: 0.87 hectares / 2.14 acres

Features

Balcony
Fruit Trees
Possible Extra Dwellings
Potential for Income
Parking
Garage
Turnkey

Details

Nestling in over 2 acres of glorious tropical landscaped gardens with fruit trees and pool, is this bright and spacious luxury 3 storey, 4 bedroom fully furnished villa, ideally located near all amenities in Holetown, Saint James.

Situated on the Western Boundary of the Royal Westmoreland Royal Apartments, the driveway of mature golden palms leads to the entrance of the property which is fully enclosed and has charming gully land on the North and South boundaries.

The main house offers 3 floors of large grand rooms. The ground floor has a spacious one-bedroom apartment that has two entrances.

The first floor offers a WC, fitted and equippped kitchen and laundry room, an enclosed drying yard, two bedrooms with en-suite bathrooms, a living and entertainment area that leads to an outdoor covered dining and entertainment area, a stone deck and large pool. There are sea views on the first floor.

The main super-sized bedroom with en-suite bathroom, and an adjoining large office that opens out to a patio that could be further built upon, are on the second floor enjoying gorgeous sea views.

The property has several water fountains that are tastefully placed at the entrance of the main house and throughout the gardens. There is an enclosed two car garage as well as other smaller structures on the property.

This site affords the opportunity to gain sales and/or rental income without being intrusive on the main house. Additionally it could be a 7 bedroom (or more) home/hotel/bed and breakfast. It is a prime site for a west coast development.

Conveniently located 5 minutes away from Holetown with all its amenities, and 10 minutes to Speightstown.

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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.