Immaculate 5 bedroom Villa for sale with sea view in Saint Peter, Saint Peter
The property has massive potential for further accommodation with views or redevelopment as a luxurious enclave.
On the ground floor is a fully fitted and equipped kitchen, a formal dining room and a spacious and bright living room which opens onto the covered terrace offering living space and casual dining with a bar. It is the perfect spot to relax, entertain and watch the sun set.
There is a large second master bedroom suite on the ground floor. This has a...
The property has massive potential for further accommodation with views or redevelopment as a luxurious enclave.
On the ground floor is a fully fitted and equipped kitchen, a formal dining room and a spacious and bright living room which opens onto the covered terrace offering living space and casual dining with a bar. It is the perfect spot to relax, entertain and watch the sun set.
There is a large second master bedroom suite on the ground floor. This has a spacious walk in wardrobe and en-suite bathroom. Just off the wardrobe is a private office which extends onto a small private terrace that looks towards the gardens in front of the house. The next bedroom is also on the ground floor and can be accessed just off the pool deck. This is almost like a little private cottage as it has its own en-suite bathroom.
There are two more bedrooms upstairs which share a bathroom and the last room upstairs is the main master bedroom with an en suite bathroom. There is also an office nook, large private terrace, a huge wardrobe and a spacious renovated, en-suite master bathroom fitted with a double vanity and large stand-up shower.
Towards the side of the property is a separate laundry area which is accessed through the kitchen.
Additional features include PV Solar System and generator, and a water tank with pump.
Below the property is a large tranche of land which is included in the sale, and would be prime for development with the right planning permissions. Any developed properties could enjoy wonderful west facing sea views. There was once planning granted for development here. The current status of those permissions would need to be checked.
This unique property is in a rural environment with fabulous views yet is just 15 minutes drive from Holetown, 10 minutes to Speightstown and 15 minutes to the east coast. Holetown is the hub of the west coast of Barbados. Here there are banks, supermarkets and duty free shopping in Lime Grove. There is also a the Sandy Crest medical centre in Holetown.
Speightstown maintains a historic village vibe where there are friendly vendors selling fruit and vegetables, shops, bakeries and a large Supermarket. It is minutes from many of the best west coast beaches.
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Where is this property?
This Villa is located in Richmond Hill 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.