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Property for sale in Merricks Residence, St Philip, Sam Lords Castle
12/22/2006 - selectoverseas.com
Merricks Residence, St Philip, Sam Lords Castle Barbados Caribbean House for sale, with 2 bedrooms and 1 bathrooms only 160,000 GBP . Size of House is 80 sq m this listing by selectoverseas.com on 22 December 2006. Quote ref. 100. Property View 1 Property 2 Beach 1 Beach 2
House Off-plan
in
Merricks Residence, St Philip, Sam Lords Castle Barbados, Caribbean
Property in
Barbados |
Property in Caribbean
| Back
| Bedrooms: 2 |
Bathrooms: 1 |
Size:
80 sq m |
Price:
160,000 GBP
(EUROS) € 199,536
(GBP) £ 160,000
(US) $ 316,928 |
| Finance this property from
476 GBP (€ 593.62/ £ 476/ $ 942.86)
per month - see our
Caribbean
mortgages
info |
|
House Description
The development concerned is to be constructed at Merricks Cove in the area of St Philip, close to Sam Lords Castle on the east coast of Barbados.
Property size in terms of square meters is yet to be confirmed and therefore should not be considered accurate.
This is an exclusive development called the Merricks Hotel, Spa and Residence. Comprising of studios, 1, 2, and 3 bedroom apartments, 2 and 3 bedroom townhouses and 2, 3, 4 and 5 bedroom villas.
The benefit of buying one of these prestigious homes is that they have the full use of the facilities of the 5 star Merricks Hotel and Spa, which includes swimming pools and tennis courts etc. Ideally located with its own beach and cliff top location in the stunning South East area of Barbados, with only a 15 minute car journey to the International Airport.
There are many flights daily from all over the UK, which include British Airways and Virgin from Gatwick, BMI from Manchester, as well as now many charter flight companies.
This is a fantastic opportunity for you to own a luxury apartment or villa in the Caribbean.
We are pleased to confirm that mortgages are available in the Caribbean up to 70% LTV, subject to status.
Following a recent charge in Barbadian law there are now no purchase
taxes to be paid. Solicitor’s fees of approximately 1.5% of the purchase price are required to be paid by the investor. Owners have to pay an annual property taxation which is on a tiered basis which acts effectively as the UK equivalent of Council Tax. On sale of the property there is vendor sales tax of 7.5% and the vendor pays 1% stamp duty although negotiations with the buyer could reduce this. There is no capital gains tax to be paid in the UK or Barbados on profits.
New prices valid from 01st of April 2006.
MERRICKS RESIDENCE, BARBADOS - Best Investment for 2006!
8% Guaranteed rental for two years.
700 Sq. Ft 1 Bed Cabana Type a - £250,000
900 Sq. Ft 1 Bed Cabana Type b - £295,000
1300 Sq. Ft 2 Bed Cabana Type c - £365,000
Detached Plantation 2 Bed Cabana Type d - £450,000
Studio from £160,000 (approx)
1 bed apartment from £190,000 (approx)
2 bed apartment from £219,000 (approx)
selectoverseas.com
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Caribbean
Mortgages: Example for
REF
100
(
House Off-plan
in
Merricks Residence, St Philip, Sam Lords Castle Barbados, Caribbean
) |
Interest only mortgage
Example APR =
5.1
%
Example Mortgage Term =
30
years
30% Deposit =
48,000 GBP
70 % Financed =
112,000 GBP
Monthly mortgage repayment =
476 GBP (€ 593.62/ £ 476/ $ 942.86)
|
Capital repayment mortgage:
Example APR =
5.1
%
Example Mortgage Term =
30
years
30% Deposit =
48,000 GBP
70 % Financed =
112,000 GBP
Monthly mortgage repayment =
608.1 GBP (€ 758.36/ £ 608.1/ $ 1204.52)
|
| Correct as at Saturday, September 06, 2008 |
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