A wonderful private mews within a short walk of the renowned Mullins Beach, comprising just thirty colonial-style villas; each with three bedrooms and set within landscaped tropical gardens.
Now available with 0% developer finance. Please ask for full details!
Situated in the heart of St Peter’s on Barbados’ Platinum Coast, between the historic and buzzing Speightstown and the sophisticated Holetown with its bars, restaurants and fashion shops, the exclusive and secured community of Battaleys Mews has much to offer people of all ages.
The villas, each measuring around 2,354 sq ft (219 sq m), offer the ultimate in luxury living at a highly desirable price. Designed to encourage indoor-outdoor family living, these villas have been built to high standards; the contemporary interiors open onto a covered terrace and garden with a plunge pool.
In addition to the generous living and dining areas, the ground floor features a powder room and fully fitted Italian kitchen with stainless steel appliances.
A sky-lit, curved staircase rises through the heart of the house leading to the master suite, two further bedrooms and a family bathroom. The 257 sq ft (24 sq m) master suite has its own private balcony, fitted wardrobes and capacious bathroom, elegantly finished in Travertine limestone, with a bath and walk-in shower. The two additional bedrooms also feature fitted wardrobes.
The villas offer independently controlled air conditioning in all bedrooms, cable TV, ceiling fans, a safe and security system, and 24-hour on-site management team.
Owners have access to the generous shared grounds which include a communal swimming pool, gym, tennis court, children’s play area and the resident only clubhouse with showers and bar.
The private driveway leads to the front of each home with ample space for two cars. There’s also an external storage area here.
Management of the swimming pool, tennis court, bar, children’s play area and landscaped gardens is provided by the staff who are on-site around the clock. Owners can relax and enjoy their time here, without any worries about the maintenance of the grounds or their property.
If buying for investment purposes, then owners can expect to enjoy healthy rental returns.
Barbados is a welcoming and safe destination for owners and investors. Thanks to the island’s stable government, legal and financial systems, buying into the lifestyle at Battaleys Mews is as easy as it would be in any developed country.
There are no restrictions on the ownership of property by foreign nationals but, once the purchase is agreed, a Barbadian-registered attorney will need to review title and agree the sale contract. A deposit is paid on exchange of contracts, and completion typically takes another two months. On completion, the vendor settles the property transfer tax and stamp duty and each party is liable for their own legal costs.
The management arrangements at Battaleys Mews take care of all external maintenance and repairs, including the landscaped grounds and pools. Owners contribute a service charge for the maintenance of the common areas and the only other annual costs of ownership relate to land tax and insurance.
THE TAX SITUATION
Rental income is taxed at a flat rate of just 15% and you can deduct any income-generating expenses from the taxable income. If a non-resident, you will have to pay a 25% withholding tax on any rental income which will be credited against your final liability.
Any appreciation in the value of your property will not incur tax as there is no Capital Gains Tax in Barbados.
The Barbadian Dollar is pegged to the US Dollar at 2:1.
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