Beachfront 12 bedroom Hotel for sale with sea view in Tent Bay, Foster Hall, Saint Joseph
This historic hotel occupies 1.05 acres of scenic land and is a unique blend of history and authenticity.
The hotel welcomes both local and international guests and features 8 coastal and sea view rooms, each with a sizeable walk-in shower and air conditioning. There are also 2 x bedroom cottages which provide sea views from both terraces and most windows.
The hotel offers 12 bedrooms and 12 bathrooms in total all of which benefit from the cooling offshore breezes.
The hotel, which...
This historic hotel occupies 1.05 acres of scenic land and is a unique blend of history and authenticity.
The hotel welcomes both local and international guests and features 8 coastal and sea view rooms, each with a sizeable walk-in shower and air conditioning. There are also 2 x bedroom cottages which provide sea views from both terraces and most windows.
The hotel offers 12 bedrooms and 12 bathrooms in total all of which benefit from the cooling offshore breezes.
The hotel, which traces its origins to the early 1800s, was meticulously renovated in in 2009. This enhanced and preserved its historic charm.
Its amenities include a 200 seater restaurant with captivating views of the Atlantic Ocean. There is also an outdoor pool which is surrounded by living rooms and umbrellas. A bamboo cabana adds rustic allure. This is an ideal spot for relaxation. There is also direct beach access and natural reef pools are just a stroll away.
This property presents a unique investment opportunity. It benefits from an extensive photovoltaic electrical system. The property is being sold with furniture, fixtures, and equipment.
There are possibilities beyond its current use as a hotel. It could be turned into a nursing home. It could also be used as a medical or recovery facility. The hotel would also make an excellent wellness retreat.
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Where is this property?
This House is located in Tent Bay 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.