Wednesday, June 30, 2010

Just Listed - Hinson's Island home

This lovely 2 bedroom 2 bathroom Bermuda cottage on Hinson's Island, Paget with incredible waterviews is now on the market for sale.

This boatable waterfront property has its own private dock, jetty and boat slip.  It comes with 2 moorings; one just off the property for a 42 ft boat and the other in Hinson Bay for a 17ft boat.

Lovely views from every room.  Livingroom with fireplace for winter nights and big outside
terraced patios for summer nights and with a boat included in the sale.
This property has it all!
Call me, Sharon Cranfield, Sole Listing Agent, for more information 441 305 8074 or email scranfield@brcl.bm

Sunday, June 27, 2010

Thrupenny Bit - Hinson's Island, Bermuda

Thrupenny Bit offers you the opportunity to live the old quiet Bermuda lifestyle, accessed only by boat with no cars and bikes only shaded tree lined pathways to walk from place to place.

Residents are members of Hinson's Island Club where annual dues run at approximately $750 per year.  They share use of 3 docks, 2 slips and 6 acres of park-like landscaped grounds - it is a wonderful place for children.

Thrupenny Bit is a 2 bedroom cottage situated on half an acre of waterfront property with a private dock, jetty and slip.  Both bedrooms are en-suite with built in closets. The living-dining room has a large fireplace and french doors to the patios and pool. The asking price for this property is $1,895,000

If you would like more information please call me on 441 305 8074 or email scranfield@brcl.bm

Wednesday, June 2, 2010

Guidelines for International Buyers of Property in Bermuda

Guidelines for International Buyers of Property in Bermuda

Thinking of buying a property in Bermuda?

There are guidelines for buying property on the Island of Bermuda based on whether a person is a Bermudian or non Bermudian / International buyer i.e. US Citizen, UK Citizen, etc.

· International buyers may only buy property in Bermuda that is currently owned by a non-Bermudian.

· Prospective international buyers must submit an application to the Bermuda Government for the grant of the license to hold property along with a fee.

· The cost of a Bermuda License to Acquire Property is 18 percent of the purchase price of a condominium and 25 percent of the purchase price of a house.

· A property's annual rental value (ARV) must exceed a designated amount ($32,400 for a condominium, $153,000 for a house) to be eligible for purchase by an international buyer.

· International buyers may not buy investment property such as land, commercial real estate or property intended mainly to earn rental income.

For further information on the buying process for property in Bermuda as well as what property is for sale in Bermuda please visit my website http://www.bda4sale.com/ or call Sharon Cranfield at 1 441 305 8074.