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Mike Braunholtz
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Reference 239366

Renovated 6 bedroom Villa for sale in Bathsheba, Saint Joseph

3,950,000 USD
3,673,500 EUR 3,120,500 GBP
Wonderful opportunity to acquire a magnificent 6 bedroom fully refurbished villa with separate cottage, nestling in acres of beautiful landscaped gardens with pool, located near the beach and all amenities in St. John on the East Coast.
The cottage is in the grounds and provides a further 2 bedrooms and 2 bathrooms.
Comprising of 1,254m2, this historical family home features refurbished bedrooms and bathrooms. Its living spaces and exteriors have also been renovated and tastefully decorated and furnished in keeping with its character and heritage.
The original sweeping staircase dates back to 1656 and is a centrepiece in the main home. The Italian owner of this plantation house has decorated it with finesse, warmth and style and each room has its own colour which adds to the ambience and character.
It is a magnificent historical home with a vast terrace, indoor and outdoor entertaining areas, a separate guest cottage and further outbuildings.
The Italian marble on the terrace is said to have come from Massa Carrara in Tuscany. There are three chimneys and two fire ovens which were revealed during the restoration project and have now been renovated creating wonderful and unusual features.
This wonderful, historic plantation home is ideal for someone seeking a home of character, charm and history is large yet cosy and a well preserved piece of Barbados history.

Features

Reference239366
Price3,950,000 USD
Number of Bedrooms
Bedrooms
6
Number of Bathrooms
Bathrooms
6
Floor Space in Metres Squared
Floor Space
1,254.0m2
Land Size in Metres Squared
Land Area

Location

Where is this property?

This Villa is located in Bathsheba in Barbados

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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.