With a price tag of £75 million, Barbados of the Caribbean islands is listing one of the most distinguished holiday home developments for sale.
John Morphet, Caravan Park Millionaire of the United Kingdom, has put this Barbados development up for sale. The world renowned Royal Westmoreland has been a holiday home hotspot for British celebrities and footballers for Parc Life EC.
Parc Life EC Sembawang
A much cherished gated estate, Royal Westmoreland offers pretty cottages and some impressive colonial styled homes. Its 225 properties are all nested in lush greenery and, in its trailer of its new season, hit British show series “Made in Chelsea” features the estate in Parc Life EC.
Just ten minutes from the coast of Barbados, it is also home to an award-winning golf resort, where many sports celebrities have purchased homes nearby, such as former cricket captain for England, Michael Vaughan, and professional footballer Wayne Rooney.
The St James playground has been well established and boasts 750 landscaped areas so far. Another golf course and further expansions are being planned as well. Being located on Barbados’ prime west coast locale, the area offers some of the most stunning views of the Caribbean and 3 kilometres away has its own private beach area.
Fraser Centrepoint Homes Sembawang
Sotheby International Realty UK’s Chief Executive, Robin Paterson, points out that for a whole resort, and one that is as exclusive as this one for Parc Life Fraser Centrepoint Homes in Sembawang, to go up for sale in Barbados’ market is highly unusual. This is a real opportunity for the right investor given Royal Westmoreland’s reputation, scale and longevity in the south Caribbean.
Barbados’ market has started seeing an inflow of international market property investors, alongside wealthy individuals who have consistently invested there. The Caribbean island represents the best of what the Caribbean has to offer, and these investors can see the potential, especially in this particular Parc Life.
Royal Westmoreland is situated on Barbados’ Platinum coast, where beach front properties have sold for close to $50million USD, for property investments and holidays, the Royal Westmoreland is in an area that is exclusive for property investments and holidays.
Parc Life EC Singapore Executive Condo
225 holiday homes exist on the site along with a spa, golfing clubhouses, restaurants and a private beach. Planning permission has been obtained by the site to build more homes and currently has 30 plots of Parc Life in Sembawang available along with plans for another 18 hole golf course and a hotel.
This bank of vacant land plots, along with land parcels that are undeveloped, has the potential to generate revenue of close to $750 million USD from construction and plot sales, including 195 homes.
25 town houses and villas that are owned by sporting celebrities are offering holiday rentals for short breaks.
The development was bought for £100 million by 56 year old John Morphet, a Cumbrian farmer who turned owner of a caravan park, in 2004. He made the purchase after selling off a large part of his U.K based business Legal & General and went on holiday to none other than Barbados. He liked what he saw when visiting Royal Westmoreland and decided to purchase it 2 years after.