Historical 5 bedroom Villa for sale with sea view in Saint Michael, Saint Michael

2,250,000 USD 2,092,500 EUR 1,777,500 GBP

Reference: 239269

Bedrooms: 5
Bathrooms: 4
Plot Size: 1.34 hectares / 3.3 acres

Features

Balcony
Potential for Income
Sea View
Private
Parking

Details

Unique opportunity to acquire a commercial and residential property set in
over 3 acres of glorious land, enjoying sea and garden views from its ideal location on a Unesco World Heritage Site in Saint Michael

This 18th century home was the residence of the first Governor General of Barbados. It is across the street from the pristine Carlisle Bay beaches with its turquoise waters. This home is rich with history and was once owned by Sir Winston Scott. He was the original owner.

The property is divided into residential and commercial.

Residentially the property has 4 bedrooms and 2 bathrooms. These are located upstairs.

There is also a kitchen and a separate suite with its own kitchen and bathroom upstairs.

Downstairs has a suite with 1.5 bathrooms and 2 dining rooms, a kitchen, another bedroom, a piano living room and a laundry room.

A gardener's home is also located on the premises.

Commercially the property has two doctor offices, two dental offices, a pharmacy office and a large clinic.

Also attached to the house is a 7,024m2 two storey building. This was formerly doctors' offices and a nursing home.

This is ripe for redevelopment.

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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.