Largest apartment in Barbados for sale
July 10, 2012 - Barbados
The 10,000 square foot apartment could make an investment opportunity with agents reckoning that it could bring in up to US$5,000 a night.
The six bedroom property is part of the award winning Portico Barbados project on the platinum coast which has already seen a lot of interest from overseas buyers.
According to Richard Young, managing director of West Coast Villas Sotheby's International Realty in Barbados, most interest in Portico has come from the UK, followed by Canada, the East Coast of the US and then France and Italy. Five of 10 apartments are now sold, and the sixth the developer plans to move into himself.
Now the largest apartment with a private terrace overlooking the Caribbean Sea has been released. The en suite bathrooms have handcrafted cedar wood closets, polished chrome fixtures and luxurious whirlpool tubs with chromatherapy lighting. Any of the bedrooms could be easily converted to a cinema, gymnasium, nursery, library or office.
‘This really is a once in a-lifetime opportunity to purchase the largest apartment on the West Coast and in fact, the entire island.
Now is the perfect time to invest, when economic conditions favour UK buyers and confidence in the Barbados market is showing signs of great strength, with the luxury property market on the island bucking the global trend, being considered a safe haven by many,' said Young.
‘The size of the plot, combined with its top of the range quality and finish, means that it holds enormous potential for a second or third home purchaser looking for the utmost in privacy in a truly special setting, or overseas investors looking to secure excellent rentals of up to US$5,000 per night from high end clients,' he added.
The living area spans over 60 feet, opening onto an 80 foot wide terrace with sliding glass doors. The outdoor living space has two mirrored plunge pools and the apartment features state of the art audio, visual and security systems. It is fully air conditioned with whisper quiet integrated systems, and all floors and ceilings are soundproofed.
‘By going against the grain of more traditional developments that are available on the island, and recognising the shortage of villas on the West Coast's beaches, I was keen to create a ‘mega apartment' like no-one on the island has seen before,' said Chris Salt, the developer of Portico.
‘With Portico, the idea was to create a world class development to rival the quality and finish of some of the very best developments in London and New York.
I expect the remaining apartments to follow suit, by appealing to the kind of well travelled, experienced, sophisticated and knowledgeable buyers that it has attracted before, and are looking for exactly the kind of exclusive, world class lifestyle that Portico has to offer,' he added.
The unique layout has been made possible by the building's structural design which allows the main living areas of two adjacent apartments to be combined.
‘The owners of the penthouse floor have already made this exciting concept a reality, but there is only one opportunity remaining to create a mega apartment of this scale, by purchasing the ground floor, which offers an additional 3,000 square feet of extended terrace area, totalling 10,000 square feet,' explained Salt.
The development also has underground parking and resident storage units, 24 hour security systems, property management and concierge services.
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