Prestige 5 bedroom Villa for sale in Sandy Lane, Saint James

7,500,000 USD 7,575,000 EUR 6,600,000 GBP

Reference: 239136

Bedrooms: 5
Bathrooms: 5
Floor Size: 791 m2
Plot Size: 0.61 hectares / 1.5 acres
Swimming Pool
Balcony
Air Conditioning
Gym
Garage(s)
Parking space(s)
Private / Not Overlooked

Details

Absolutely outstanding 5 bedroom luxury, fully furnished villa set in 1.5 acres of beautiful landscaped gardens with expansive pool, ideally located near the beach in the prestigious Sandy Lane Estate, Saint James.

Situated on Cooper Hill this exquisite property comes with 791.16m2 of living space which includes 5 bedroom suites and 5.5 bathrooms.

The villa is private, fully enclosed and gated. There is a main front foyer and a side entrance via the courtyard. Within the grounds there is a separate building housing a fully equipped gym, garage and storeroom.

On entering through the main entrance foyer, a beautiful designed double staircase finished with a wrought iron railing leads upstairs to the stunning main suite, study and two additional bedrooms. All bedroom suites are air conditioned with ceiling fans, safes and cable TV.

The en suite bathrooms feature marble finishes, double vanities and rain showers, with the exception of the main one which includes a bath tub and a large rain shower. There is also a WC by the main foyer.

The main living area is open plan, with French doors extending the length of the room which, when open to the spacious covered veranda, creates an expansive space for combined indoor/outdoor entertaining. Steps from the main veranda lead out to the garden and pool.

There is also an additional private cabana at the Sandy Lane Beach facility which comes with the property alongside Sandy Lane Hotel. Restaurants and amenities of Holetown and Limegrove Lifestyle Centre are a short drive away.

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Barbados Property Buying Guide

Guide to the Barbados Buying Process

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.