5 bedroom Villa for sale with sea view in Holetown, Saint James

4,950,000 USD 4,603,500 EUR 3,910,500 GBP

Reference: 151969

Bedrooms: 5
Bathrooms: 5
Plot Size: 0.57 hectares / 1.4 acres

Features

Balcony
Terrace
Golf Resort or Nearby
Possible Extra Dwellings
Potential for Income
Sea View
Turn Key Good Condition

Details

Set on approximately 1.4 acres of beautifully landscaped gardens, enjoying a well appointed location within an exclusive estate. With sea and golf views, this luxury residence was recently fully renovated.

The entrance features an impressive porte-cochere, which leads into an inner courtyard with a water feature. A grand living room opens out to a west facing veranda overlooking the immaculate gardens, striking pool and pool side gazebo; an inner dining courtyard is also accessed from the living room. The well equipped kitchen conveniently opens to a dining terrace that is well suited for informal occasions and casual barbecues; laundry room and storeroom are just off the kitchen and the house is equipped with a generator to provide power should the mains supply be interrupted.

The property also offers separate staff quarters, which are within close proximity of the kitchen and laundry area. 2 large guest suites are positioned in the northern wing of the ground floor; 1 has access to the study, which could easily be used as an additional bedroom.

A 1 bedroom annex suite with private entry can also be found on the ground floor, while the master suite encompasses the entire 1st floor and includes an en-suite bathroom, dressing room and private balcony with great views of the west coast.

Property owners and guests are given access to the beautiful beach adjacent to Sandy Lane Hotel at the property owners beach facility where parking and changing rooms are provided.

The property has the added attraction of a private cabana at the beach facility.
Tennis and golf are available at the Sandy Lane Golf and Tennis Clubs, within a 5 minute drive are the restaurants, shopping and other amenities of Holetown.

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Barbados Property Buying Guide

Buying Real Estate in Barbados

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.