Property Description

A luxurious development of 19 ocean front Condominiums, situated on the beautiful south coast of Barbados. Ian Morrison, internationally renowned Architect recognised for his luxury Mediterranean style designed and built these luxury Condominiums. TWO APARTMENTS LEFT Entry Foyer*Living Room*Dining Room*Kitchen*Ensuite Bathroom*Bath Room*Opened Terraced*Covered Terraced* Study*Utility Communal Swimming Pool*Roof Deck*Sun Deck The accommodation comprises: Open Terrace: 92 sq ft Covered Terraced: 130 sq ft Ensuite Master Bedroom: 155 sq ft Living and Dining Room: 475 sq ft Study: 82 sq ft This limited collection boasts gated and fully enclosed facilities, private parking, elevators, small-secluded beach, communal pool, bar area and upper and lower sundecks. The entry level units have the obvious comfort of being at ground level and have all the amenities available on the other levels coupled with poolside access. The levels 2-5 units have elevator access and have all the amenities available on the other levels and a breath taking view of the coastline. The levels 6 units are the penthouse suites and have all the amenities available on the other levels and a breath taking view of the coastline, a more spacious living area and a plunge pool. The levels 2-5 units have elevator. SITUATION: South Ocean Villas is located on one of Barbados' most beautiful spots on the south coast of the island. Walking distance away from fine dining establishments and a wide range of shops. Estimated Annual Common Expenses South Ocean Villas BDS Dollars Estimates Public Liability Insurance/Common Insurance $ 30,000.00 Garbage Collection $ 12,000.00 Cleaning & Janitorial $ 8,000.00 Maintenance of Grounds/Gardens /Pool/Wages $ 16,000.00 Maintenance of service buildings $ 10,000.00 Landscape Maintenance Plants, etc. $ 3,000.00 Pest Control $ 2,500.00 Property Tax Common Property $ 25,000.00 Security (6.00 pm-6.00 am) $ 48,000.00 Common Area Electricity $ 8,000.00 Sewage Treatment $ 10,000.00 Water Rates $ 18,000.00 Pool Maintenance $ 5,000.00 Prop Manager Salary $ 48,000.00 Professional Fees and Audit $ 6,000.00 Miscellaneous $ 5,000.00 Subtotal $ 254,500.00 PUP Management Fee $ 26,350.00 Total $ 280,850.00 Total Internal Square.Footage: 28,600 Common Expenses per Sq. Ft per annum $9.81 Average Apt 1,300 Sq.Ft. per annum - $12,766 per annum BDS Penthouse 2,600 Sq. Ft. per annum -$25,506 per annum BDS