IPN May 2011

island

May 2011

TWO affordable properties with spectacular views!

FREE

property The place to find homes for sale and rent.

Available free each month from news stands and real estate agents islandwide.

NEWS

Dressed to Sell!

“Quarry Garden” is a modern home with income on a sheltered private estate in Southampton where families live in a friendly, safe environment. This is a home designed for today’s lifestyle enjoying spacious kitchen, living and dining rooms which open onto a deep covered verandah and lead to the very secluded pool area beyond.

Upstairs the master suite is the last word

in sumptuous – vast bedroom, superb walk in closet and bathroom. There are two smaller bedrooms and a family bathroom on this floor. Top class finishes are showcased throughout.

The adjoining 1600 sq.ft. two bedroom apartment is completely self contained and has plenty of garden and parking. There is a one bedroom flatlet - also with a separate entrance. A 1 car garage completes the property and gives that much needed storage space.

Residents of South Whale Estate enjoy Rockaway ferry pick up as well as recreational access to coastal pathways and a nearby beach.

This fabulous listing is offered at $1,895,000. For more information please call Sharon Cranfield at Rego Sotheby’s International Realty.

The Grove • Great value; great view • Elevator access, penthouse apt.

• Desirable area in Smiths Priced to sell at $695,000 Please call Sallyann for further information. Cell: 535-4521

The Breakers • Watch the whales from large covered porch • Enjoy a private beach • Bus stop nearby • 2 bed 2 bath en suite • Good rental value Priced at $850,000 Please call Sallyann for further information. Cell: 535-4521

T (441) 234-6900 F (441) 234-6892 info@property-group.com www.property-group.com

Tom Woods Bay

This ideal family home is in the heart of prestigious Shaw Wood in Pembroke, a quiet neighbourhood just minutes from Hamilton.

Situated on .617 acres the house and studio cottage sit on the hillside and enjoy beautiful views of the Great Sound plus water rights nearby. The main house has four bedrooms and a family room/office, a separate dining room and spacious, bright living room with a large covered verandah which is perfect for entertaining or relaxing. The airy kitchen has an adjacent family TV/sitting room. Additional rooms include laundry, workshop and generous storage. The separate cottage is charming with a generous outdoor patio.

The property, including house, cottage and gardens is well maintained and ready for you to move in.

Please call sole agent Vicky Hamshere, 295-2412 or 537-5337 or email hamshere@logic.bm for an appointment to view.

T (441) 234-6900 F (441) 234-6892 info@property-group.com www.property-group.com

island

Selling in a Buyer’s Market

property NEWS

Real Estate Index Bermuda Longtail Real Estate. . . Pg 6 Coldwell Banker. . . . . . . . . . Pg 3 & 4 Dale Young Properties. . . . . . . . . Pg 8 Harbour Realty. . . . . . . . . . . . . Pg 12 Joy Lusher Real Estate. . . . Pg 6 & 15 Kitson Real Estate . . . . . . . . . . . Pg 7 Mark Orchard Real Estate. . . . . . Pg 4 Rego Sotheby’s.. . . . . . . . . . . . . Pg 3 Roderick DeCouto Real Estate. . . Pg 4 Rosemont City Place. . . . . . . . . . Pg 8 Sinclair Realty.. . . . . . . . . . . . . Pg 13 The Property Group. . . . . . . . . . . Pg 1 Tuckers Point Club. . . . . . . . . . . Pg 5 Whitecross Development. . . . . . Pg 12

Related Services BF&M. . . . . . . . . . . . . . . . . . . Pg 12 Island Glass. . . . . . . . . . . . . . . . Pg 1 Island Self Storage. . . . . . . . . . . Pg 9 Solar Bermuda. . . . . . . . . . . . . . Pg 4 Editorials. . . . . . . . . . . . Pg 1, 2 & 12

by Heather Chilvers of Coldwell Banker Bermuda Realty

The price of homes has been notably impacted from I economic conditions which started in 2008. Home prices have softened across Bermuda especially condominiums.

However, depending on location and condition, this does not mean some sellers won’t get a respectable price Heather Chilvers for their home particularly a cottage. The sale may take longer than in year’s past, but a little creativity can help them move a home without having to drop the price too much.

are contributions a seller can offer, which are not the norm’ in Bermuda, which could be worth exploring.

Examples include:

• Offer to pay a portion of the buyers closing costs.

• Offer to assist with the down payment. Banks are requiring up to 25% of the asking price.

Not everyone can come up with this ‘chunk of cash’ rather than offer a price reduction considering offering cash assistance with the down payment so that the buyers qualify for a larger mortgage.

• Many condos across Bermuda have maintenance programs that require monthly dues. Paying the first year’s fees could be a big incentive to a buyer nearing the limit of his or her liquid assets.

• Offer to pay off a buyer’s bills. According to Realty Times, some loan programs allow sellers to pay off the credit card debt or auto loans of the buyer which will help him or her qualify for a better mortgage and prevent the need to buy a smaller, less expensive house.

As a Real Estate Professional I offer the following suggestions for sellers who want to speed up the process.

Nip and tuck. If a repair is required, it is a good idea to go ahead and fix the problem. Potential buyers will cast an extremely critical eye over your home and in a situation when more houses are available on the market to choose from, they may take a pass on a home which requires too many repairs. Some potential purchasers are scared of ‘too much work’ so if the roof needs painting, or the garden needs trimming, this can be conceived as everything else may need work as well, which isn’t always the case.

Offer a “seller’s contribution.” A seller can sweeten the deal by including assistance to the buyer in ways that do not require lowering the asking price. There

GREEN Green living LIVING

Don’t worry. Remember, everyone needs a home and with level-headed negotiations and the help of a professional real estate sales associate, you will be able to sell your home for a good market price. Even with tougher economic conditions, it truly is a smart time to buy.

Solar Energy: Net metering: What is it and how does it work?

By Andrew Davis – Project Manager, Solar Bermuda Ltd.

Realtor Listing. . . . . . . . . . . . . Pg 10 Rentals . . . . . . . . . . . . . . . . . . Pg 14

Island Property News is published by Property News Limited P.O. Box 3315, Hamilton HMPX

Contact: Jennifer Ward Tel: (441) 236-2025 ext.221 Fax: (441) 236-4132 Email: info@emedia.bm Publishers: Tricia Lines Hill and Diana Heslop Circulation: 5,000 Production by: emedia Bermuda Limited Printed by: Island Press Ltd. Space Deadline: 18th of the month prior to publication

Artwork Deadline: 20th of the month prior to publication

In the last two articles I’ve explored the tangible financial value of investing in solar energy and how Government’s rebate programmes work. Now that you buy into and have begun the process of identifying the appropriate solar system for your property, let’s focus on how your photovoltaic system will tie into the Island’s electricity grid and the opportunity for you to sell back excess energy to BELCO... (i.e. net metering).

So what exactly is net metering?

Basically, it is an energy policy for consumers who own small renewable energy facilities that will allow you to receive retail credit for the extra electricity your property generates.

Net metering involves a bi-directional meter that accurately tracks and records the flow of electricity in two directions. Excess renewable energy/electricity that is produced can, in effect, be sold back and applied as a credit to your account.

Last November (2010), BELCO established the Interconnection Policy for residential property owners/occupants. It covers smallscale renewable energy systems that are 15 kilowatts or less and allows eligible customers to feed or sell back excess power that is generated back into the BELCO grid at the same rate that is paid for traditional electric power. There are certain guidelines that must be followed, the exact specifics of which can be found in BELCO’s Residential Interconnection Policy Agreement (available on www.belco.bm). Your renewable energy

2 w Island Property News • May 2011

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Coldwell Banker Bermuda Realty #11 Par-la-Ville Road, Hamilton Tel: 441-292-1793 • Fax: 441-292-7918 www.bermudarealty.com

BERMUDA REALTY

WATCH HOUSE Completely renovated in 2009, lovely traditional 2 bedrooms, 2 bathroom. Renovations included new windows, plumbing, electrical, appliances, and tiling. The kitchen features custom granite, stainless appliances, an abundance of new cabinetry, and a wine cooler.

There is a formal living room with fireplace, and formal dining room with French doors opening to a large private backyard area for entertaining family and friends. Each nicely sized bedroom has a custom bathroom with the master bedroom ensuite. The hall bath with a Jacuzzi tub and travertine tiling has beautiful fittings, fixtures, and towel warmers. The house has reverse cycle systems throughout. There is a lower studio apartment, and a separate one

FIRST TIME IN BERMUDA - Radio House Tour brought to you exclusively by Coldwell Banker Bermuda Realty. Visit Watch House on Middle Road in Southampton; park in the Railway Trail and tune your radio to 107.9 FM. You can tour this home from the comfort of your vehicle. Coldwell Banker Bermuda Realty...We never stop moving.

bedroom newly renovated cottage for income. There is ample parking and privacy. $1,395,000. Sole #6388 Stephanie Robinson

Stephanie Robinson Listing Agent srobinson@brcl.bm 247-1818 Each office is independently Owned and Operated.

Coldwell Banker Bermuda Realty is a Trade Name of Bermuda Realty Company Limited.

MAY 2011

GREEN Green living LIVING

Continued from page 2

Waterfront Luxury

provider should be able to guide you through the application and interconnection process.

Once the interconnection is successfully complete, each month BELCO will provide you with the relevant net energy production on your monthly BELCO bill. The same rate that you are charged for BELCO’s supply of energy (inclusive of fuel adjustment rate charges) will be used to calculate the credit to your account. To put it simply, in actual real world numbers, if during a one month period you consume 450 kWh from BELCO and manage to send back 250 kWh, your bill that month with be 200 kWh (450 kWh – 250 kWh = 200 kWh).

Should a customer ever find themselves in a position where they are selling back more than they are using, this amount will accumulate until June 30th and/or December 31st, when a refund equal to the accumulated bill credit will be paid to you within BELCO’s next billing cycle. It is important to note that you would need both a substantial sized solar system combined with very low electrical demand to achieve this scenario.

Without the implementation of net metering the size of your solar system is somewhat limited; this is because once your system meets the current household electrical demands, any additional electricity or potential electricity that is generated would be lost and wasted. With interconnection, the availability of feeding the excess energy back into the BELCO grid AND getting a credit means that you can now install as much solar as your roof/property can sustain (within the 15 kilowatt limit).

Before embarking on an interconnection arrangement, it is critical that you liaise with a fully qualified alternative energy consultant and fully verse yourself on the components of the Interconnection Agreement.

Privately located in one of Bermuda’s most sought after condo communities, St. James Court, this elegant 3 bedroom, 2 bathroom home has been updated to the highest standard. An elevator gives easy access.Two pools and a boardwalk enhance this waterfront lifestyle.

Price Upon Request

Margaret Young 534-9393

myoung@regosir.com

regosothebysrealty.com 441.292.3921 Each office is independently owned & operated.

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Island Property News • May 2011 w 3

MORE Mark Orchard Real Estate Sales & Leasing Property & Project Management Appraisal & Valuation Analysis Consulting & Advisory Services Mark Orchard, MRICS www.MORE.bm mark@MORE.bm 441.524.6905

It's a BUYERS Market!

TOWNHOME ON 1/3 ACRE FREEHOLD $925,000.00 Bright and sunny and in immaculate condition 2 bedrooms, 2 bathrooms Spacious living room, dining Modern kitchen, powder room Lots of storage Totally private at end of lane

SPECTACULAR VIEWS $1,495,000.00 Truly a special home.

Beautifully upgraded and in “move-in” condition 3 bedrooms, 2 bathrooms Bright and airy living and dining rooms, modern kitchen, laundry, garage Wrap around verandah SOLE LISTING AGENTS

Henry Tavares

Judy Shrubb

Cell: 536-1948

Cell: 704-0404

P.O. Box HM2184 Hamilton HM JX - WWW.DECOUTORE.COM

TELEPHONE: (441) 292-4990

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Island Property News • May 2011 w 5

Walk to John Smiths Bay Beach, Smiths! This upper apartment is in a small development and in great condition. Comprising living / kitchen combination, separate living room, two bedrooms, one full bathroom. Coin-operated laundry and storage on site. Very reasonable monthly maintenance fees. Why rent when you can buy? Priced below appraised value. Appliances included.

Located near Hamilton heading towards Spanish Point, Pembroke. Open plan living/ dining combination with open beamed ceilings, spacious kitchen/laundry, two full bedrooms, one full bathroom and powder room. One of four units and reasonable monthly maintenance fees. Split a/c and appliances included.

BRAND NEW FREEHOLD TOWN-HOMES in Warwick.

Price reduced! 3 bedrooms, 3 bathrooms, living, dining, kitchen, laundry, basement below. End town-home has GARAGE. Small development.

Wood and tile flooring. Split airconditioning and appliances included. A great price and located near Astwood Park.

So much potential / TLC required. Own your own home on 0.16 acre. Residential 1 Zoning…go up or go out (subject to planning). Located close to railway trail for some great exercise… Living room, dining room and kitchen. Three bedrooms, one bathroom, laundry. Make this Sandy’s cottage your new home!

Price: $525,000

Price: $675,000-$795,000

Price: $790,000

Price: $499,000

Old Bermuda Cottage with swimming pools, tennis courts and outstanding ocean views! Living room with fireplace, dining room with fireplace and galley style kitchen/laundry. Two bedrooms, den/office, two bathrooms. Lovely private patio overlooking The Great Sound. This is located at Mizzentop Condominiums in Warwick. Call today...

Price: $4600 p/m Cesa 300-2768

Ann 532-6212

Jutkita 505-6590

Sheryce 533-1996

Vivienne 505-2023

Office: (441) 232-2769 Fax: (441) 232-2770 Email: aaac@logic.bm

...where your dreams take flight

www.bermudalongtailrealestate.com Representing Bermuda’s finest properties Keeping Real Estate Personal

Sue Lusher - Sales: Cell: (441) 333 9138 • Email: sue@joylusher.com Beth Gosling - Sales: Cell: (441) 335 3588 • Email: beth@transact.bm Liz Lusher - Sales: Cell: (441) 334 8104 • Email: elusher@logic.bm Diana Martin - Sales and Rentals: Cell: 441-337-0226 • Email: diana@joylusher.com

SUPERB WATERFRONT CONDOMINIUM FOR SALE QUEENS COVE, FAIRYLANDS.

PRICE REDUCED FOR IMMEDIATE SALE! DOVEDALE, SOUTHDOWN FARM, SOUTHAMPTON Unique and beautifully appointed multi- terraced townhouse, artfully designed to enhance flow from inside home to very private outdoor areas. Comprising 2 large bedrooms each with bathrooms en suite, large, beautiful custom designed kitchen, large living room with fireplace and wide planked pine flooring and a generous screened sun porch. There are 3 very different outdoor patios and gardens, thoughtfully landscaped for ambiance and privacy and 2 large covered verandahs.

Sole Listing – Asking $895,000 available to Bermudians, Long term resident certificate holders and nonBermudians.

This elegant end unit apartment enjoys a prime ground floor position with picturesque water views. Comprising a bright enclosed lanai, spacious living/dining room with fireplace and cedar mantle, and a deep covered terrace overlooking the mature gardens and Mills Creek.

In need of renovating, the kitchen presents a perfect opportunity to customize the space to suit your individual needs. Additionally there is a den/3rd bedroom. master bedroom with ample closet space and full bathroom en suite, guest bedroom and guest bathroom. Both bathrooms require upgrading!

Amenities include a private dock with sheltered berths, and a small private sandy beach, under-cover parking, elevator and private storage lockers.

This desirable and well appointed condominium presents a perfect investment opportunity for an executive rental; elegant living for those who wish to down-size or single-level living for those considering retirement.

Offered for sale with immediate vacant possession and realistically priced with consideration given to the renovations required.

Asking $895,000.00 Please contact the Sole Agent today for an appointment to view!

89 Harbour Road, Warwick PG 01, Bermuda • Tel: (441) 236 5120 • Fax: (441) 236 7409 Email: info@joylusher.com • www.joylusher.com • Member of Real Estate Division, Bermuda Chamber of Commerce

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Island Property News • May 2011 w 7

Dale Young New supplied

Rosemont City Place For Rent Relax in space & harmony near

ONLY A FEW LEFT! STARTING AT $6500 per month

the city

2 & 3 Bedroom Homes

20 Rosemont Avenue Pembroke New residential apartments a stones throw away from the city of Hamilton!

• Open floor plans as large as 2,100 Sq. Ft.

4

3

Dundonald Street

Victoria Street Church Street

King Street

5

Elliott Street

Reid Street Front Street

Road

• Network/Internet ready

2 ille Par-la-V

5 - Fairmont Hamilton Princess

ad a Ro udian Berm

• Extra storage areas

e Avenu borne Wood

4 - Miles Market & The Waterfront

Richmond Road

venue ont A Rosem

• Fitness center

1

Walls

d Roa Bay Pitts

3 - Royal Bermuda Yacht Club

n the Betwee

2 - City Hall

• Heated pool

Road Canal

Cedar Ave.

• Underground parking

Key: 1- Rosemont City Place

Road

• High end finishes and fittings

oad hR eac ll R Mi ad Ro nds ryla Fai

-Ville Par-la

• Generous verandahs

e ary Lan Cemet

Mills Creek Road

d Roa Bay Pitts

• 2 or 21/2 baths

HAMILTON

HARBOR

Telephone: 295-0213 email:wcdev@northrock.bm or visit our web site: www.RCP.bm 8 w Island Property News • May 2011

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Island Property News • May 2011 w 9

REALTOR LISTINGS Acorn Realty Suite 1414, 48 Par-La-Ville Road Hamilton HM 11 T. 236-4800 • F. 232-4222 E. info@acorn.bm • www.acorn.bm Bermuda Longtail Real Estate Ltd. P.O. Box SB 92 Sandy’s, SBBX T. 232-2769 • F. 232-2770 E. cesa@bermudalongtailrealestate.com www.bermudalongtailrealestate.com Bermuda Universal Realty Ltd. 6 Wesley Street, Hamilton HM 11 T. 295-1546 • F. 295-8734 Boeotia Property Company Ltd. 2 Cut Road, St. George’s GE 04 T. 297-3038 • F. 297-2348 E. boeotia@northrock.bm CapCar Enterprises Ltd. The CapCar Building 5 Burnaby St. Hamilton HM12 T. 295-0754 • 295-1495 E. info@capcar.com • www.capcar.com C.R.E. Properties Ltd. 22 Church Street, Hamilton HM 11 T. 535-5487 • F. 295-8158 E. creprop@ibl.bm www.creproperties.com CareCorp Ltd. 19 Front Street, Hamilton HM 11 T. 292-2432 • F. 292-2175 E. logproperty@northrock.bm Carib Bermuda Realty P.O. Box GE 372, St. George’s T. 735-3471 • F. 297-5873 E. caribbermuda@yahoo.com www.caribbermuda.free.bm Century 21 Bermuda Properties “The Stables”, 91 Reid Street Hamilton HM 19 T. 441-293-2121 F. 441-295-6840 www.century21bda.com Coldwell Banker Bermuda Realty 11 Par-La-Ville Road, Hamilton HM 11 T. 292-1793 • F. 292-7918 E. mail@brcl.bm ww.bermudarealty.com Coral Properties Limited 8 St. James Village, Hamilton FL 04 T. 295-7434 • F. 295-5944 Crisson & Company Ltd. 6 Dundonald St. W, Hamilton T. 295-0826 • F. 295-3221 E. crissonco@crissonrealestate.com www.crissonrealestate.com Dale Young Properties Ltd P.O. Box 770, Warwick WK BX Bermuda T. 441-236-5200 • F. 441-236-5201 E. dyproperties@logic.bm www.dyproperties.bm DeCouto & Dunstan Real Estate Ltd. 15 Parliament St., Hamilton HM12 T. 292-0616 • F. 295-4618 E. barrydc@northrock.bm www.decoutoanddunstan.com

Dunlop Realty Co. Ltd 7 North Shore Road, Devonshire DV 01 T. 295-0734 • F. 295-8266 E. ldunlop@dunloprealty.bm www.dunloprealty.bm

My-Bermuda-House.com Limited Suite 404, International Centre 26 Bermudiana Rd. Hamilton Tel. 292-6245 E. info@my-bermuda-house.com www.my-bermuda-house.com

Skyline Realty Corner Walls, 31 Point Finger Road T. 541-0304 • F. 236-7776 E. skyline@northrock.bm www.bermudaskyline.com

Ele Properties #27 Front Street Hamilton HM 11 T. 296-7096 • F. 297-3787 E. loreen.emery@eleproperties.com www.eleproperties.com

Platinum Realty P.O. Box SN 81, Southampton SN BX T. 238-6037 • F. 238-6035 E. info@platinumrealty.bm www.platinumrealty.bm

Ted Gauntlett Realty Offering sales, rentals, and property management.

“Melton Cottage”, 2 Surveyors Close, Sandy’s MA05 Tel. 295-4747 • Fax. 295-4746 E. gauntlett@logic.bm. www.bermuda.com/hosted/tedgauntlett

Fiduciary Realty 2o Tee Street, Devonshire DV 03, Heather T. 705-9538 • Lea T. 505-0675 F. 232-2989 E. mail@fiduciaryrealty.com www.fiduciaryrealty.com Gutteridge-Hart Property Management & Rentals T. 232-2437 or 504-0022 E. gh@northrock.bm Hope B. Bowker Real Estate Ltd. Suite 202, International Centre Building, Bermudiana Road, Hamilton T. 335-0589 • F. 295-2375 E. bowker@ibl.bm Horsfield Property Services Estate Agents, Auctioneers & Appraisers 2nd Floor, Armoury Building, #37 Reid St., Hamilton T. 292-9328 • F. 278-9928 E. horsfield@logic.bm Island Properties Suite 1112, 48 Par-La-Ville Road, Hamilton HM 11 T. 236-2644 • F. 236-6202 E. neil@iproperties.bm Joy Lusher Real Estate Ltd. 89 Harbour Road, Warwick PG 01 T. 236-5120 • F. 236-7409 E. info@joylusher.com www.joylusher.com KM Realty Ltd. Room 100, Washington Mall 7 Reid Street, Hamilton HM 11 T. 296-2400 • F. 296-1865 E. kmrealty@northrock.bm www.kmrealty.bm Kitson & Company Ltd. 5 Reid Street, Hamilton HM 11, P.O. Box HM 449, Hamilton HM BX T. 295-2525 • F. 295-0814 E. realestate@kitson.bm www.kitson.bm Leonard O. Gibbons Real Estate Ltd., 19 Front Street, Hamilton HM 11 T. 292-4905 • F. 292-2175 E. logproperty@northrock.bm McInnis & Associates Ltd. 37 Reid St, Hamilton T. 295-1663 • Cell: 737-5753 F. 292-1210 E. heather@hmcinnis.com www.hmcinnis.com Moura & Associates Real Estate Services Limited 9 Berry Hill Road, Paget DV03 T. 236-0737 • F. 236-0413 E. info@mouraandassociates.com www.mouraandassociates.com

Premier Properties P.O.Box HM 2734, Hamilton HM LX T. 232-0083 • F. 232-0083 E. premierpropertiesinfo@yahoo.com www.premierpropertiesintl.com Prime Equities Real Estate P.O. Box Hm 1474, Hamilton HM FX T. 295-4446 • F. 292-8324 Progressive Realty Ltd. #44 Victoria Street, Hamilton HM 12 T. 295-4255 • F. 292-9950 E. mail@prg.bm www.prg.bm

Wigwam Real Estate Ltd. Somers Warf, 14 Water Street, St. George’s GE 05 T. 297-3800 • F. 297-3801 E. peterlever@ibl.bm W.J. Seymour Real Estate Ltd. The Ratteray Building #39 King Street, Hamilton HM19 T. 441-292-2342 F. 441-292-8210 E. info@seymourrealty.bm www.wjseymour.bm

Property Group Ltd., The “Nautilus House”, 82 South Road, Warwick Wk 08 T. 234-6900 • F. 234-6892 E. info@property-group.com www.property-group.com Rego Sotheby’s International Realty Cavendish House, 2 Cavendish Road, Hamilton HM 19 T. 292-3921 F. 295-7464 E. sales@regosir.com www.regosothebysrealty.com Rego Realtors Cavendish House, 2 Cavendish Road, Hamilton HM 19 T. 292-3921 F. 295-7464 E. sales@regorealtors.com www.regorealtors.com Roderick DeCouto Real Estate Ltd. 39 Reid Street, Hamilton HM 12 T. 292-4990 • F. 295-8530 E. info@decoutore.com www.decoutore.com Ruby Dane Realty P.O. Box 184, PG BX, Paget, PG04 T. 232-4461 • F. 232-7280 E. rworrell@ibl.bm www.rubydanerealty.com

Not Listed?

Please send details to info@emedia.bm or call 236-2025

Sinclair Realty/Christie’s Great Estates by appointment only 69 Pitts Bay Road, Hamilton HM01 T. 296-0278 • F. 295-8693 E. estates@ibl.bm www.sinclairrealty.com SmithBridge Realtors 55 Court Street, Hamilton T. 292-1388 • F. 296-0069 Somers Realty Ltd. 97 Middle Rd, Warwick WK 06 T. 236-4001 • F. 236-5588 E. somreal@ibl.bm

BANNER ADVERTISING AVAILABLE!

There are FOUR banner ads available: cover page, page 2, realtor listings page and rentals page.

Contact Jennifer Ward at info@emedia.bm or 236-2025 for sizing and prices.

10 w Island Property News • May 2011

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Visit us online!

• • • •

Online version of the magazine Contact Realtors Book ads Get rates and information

WWW.ISLANDPROPERTYNEWS.COM www.islandpropertynews.com

Island Property News • May 2011 w 11

Are your other marketing efforts costing many dollars and yielding poor results?

Are you looking to reach hundreds of qualified buyers every month?

No other marketing solution is as targeted and cost effective as advertising in

ISLAND PROPERTY NEWS. Contact Jen at info@emedia.bm or 236-2025 to learn more.

AND M E RD A L U POPStorage CeleBrateS 1 year anniverSary!

O iSland SelF T UE D D DE NLtd., A P Island Self Storage Bermuda’s first climate-controlled self-storage kept at optimum levels, providing the ultimate safeguard for customers’ X E E facility is celebrating its 1 year anniversary. Island Self Storage is located valuables. Temperature and humiditytare be maintained to minimize the V ’ WE ili y!

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E E G G A A R R O T O S T fac S e g W a D led or E l t o E s r N t t r NteE-of-the-a Climate Cons 84 Sta y| ize

across from Arnold’s Tile on Mill Reach Lane in Pembroke and offers 406 possibility of mould developing. The facility’s back-up emergency power storage units ranging from 25 square feet up to 300 square feet. ensures that the low humidity environment is maintained in the event of The climate-controlled, 22,000 square foot facility has back-up emergency power interruptions. power and offers clients 24-hour access with personalized access codes for each client. The high-security facility is monitored 24 hours per day by video surveillance. The facility offers Bermuda’s largest freight elevator, with a capacity of 8,000 pounds, for moving large items -- as well as boxes, packing materials, trolleys and carts to aid in the moving process. They also have an on-site retail store offers a range of supplies.

Storage units are available for both residential and commercial use. There is also a wine storage area, which has its own separate climate control system.

Additional features include free parking as well as the easy access loading dock and freight elevator make the moving in or out of the facility a breeze.

The 24/hour access also allows clients to access their items at any time of day or night. Furthermore the hi-tech camera surveillance systems make customers feel very confident about storing their valuables at this location.

it S curit n e U S king f r h o a g i P y t H Easy Varie ock | D s s g e n i Acc demand, oadSelf Storage has expanded and added 84 LIsland Dueoto urpopular & r H 24more storage units this past March including a new unit size that is 10 feet vato e l E t by 7 feet. The biggest unit size available is 10 feet x 30 feet and the smallest h Frisei5gfeet x 5 feet.

G N I D A E L S VIDER ’ A D U O M R R P E B RAGE STO

The team led my Manager Shawn Gravito, can advise you on what unit size is best for your needs. Additionally there is also a storage calculator and “What Fits” section on the website (www.islandselfstorage.bm) to help you determine what or how much you can store.

“Since we opened a year ago we have had a huge amount of interest from both residential and commercial clients, and we are very happy to have filled the storage void in Bermuda. We would like to take this opportunity to thank all of our customers who have made Island Self Storage a success.

This facility was a major capital investment and we are gratified that our investment and commitment to customer service has been rewarded with a solid customer base” says Glen Smith, CEO of Island Self Storage. Shawn 05 HMStorage e Gravito, General Manager at Island Self added “We are offering k o r Island Self Storage b m e P something never available before in Bermuda – a climate-controlled facility ne, has invested in one ajust L h in a central location, five minutes from Hamilton – and both residential c a of the first advanced ill Re clients have been very enthusiastic. We are pleased that we M and corporate 2 , dehumidification systems loor in Bermuda. Humidity irst isF have been able to expand .BMto meet on-going customer requirements”.

12 w Island Property News • May 2011

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Moon Dance Near the Beach ~ For Sale Magnificent uninterrupted South Shore views, access to beach and extensive protected parkland, a prime central location and enchanting architectural design makes this 3-4 bedroom/2-bathroom single-level home a pure delight. Set on 0.42 acres in Pokiok, the 21’ verandah, exposed beams, French doors, terra cotta floors and airy open plan makes this property one of the best in its price range.

Sole Listing. Available to Bermudians only. Offered at $2.469 million gross.

Waterfront Elegance Steps From Hamilton ~ For Rent Just right for the corporate executive, this stylish 3–4 bedroom waterfront home with a 1 bedroom apartment is historic, yet refurbished throughout with modern sensibility. The walk-on mooring, 2,000 square foot waterside pool terrace, generous living space and meditative garden are special features. High vaulted ceilings, dark hardwood & granite floors, stone surround detailing and 4 fireplaces characterise the interior.

LEASED

Sole Listing. Further details upon request.

Perot’s Island ~ For Sale World-class by any measure, this 8 acre island estate on Riddell’s Bay provides a rare private haven totaling 17,000 square foot with a 7 bedroom manor home, 50’ pool, a 2 bedroom pool pavilion, tennis court, boathouse with apartment, private beach, jetty, private chapel, beautifully landscaped gardens, moorings, mainland parking for six cars and a sheltered dock.

Available to Bermudians only. Offered at $15 million gross.

The Bewdley Estate ~ For Sale Are you seeking an elegant family home, but wish to minimize the risk of your investment? Verdant and private, this 3+ acre estate includes the beautifully renovated Bewdley main house (one of the finest examples of Bermuda’s early 20th century architecture in the Victorian tradition), 2 charming cottages, a large swimming pool, dining pavilion and extensive gardens. The primarily RES 1 zoning and location at the doorstep of the City of Hamilton makes this one of the most developable and flexible land parcels ever on the market. Plus it’s within an easy walk of private schools, leading reinsurance companies, law firms, banks, yacht club and marinas and all commercial conveniences. All three residences are currently leased.

Sole Listing. Available to Bermudians Only. Price Upon Request.

Telephone 296-0278

Cellular 334-8437

Email estates@logic.bm

www.sinclairrealty.com

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Island Property News • May 2011 w 13

RENTALS deadline FOR Rental listings: 18th of the month prior to publication To place an ad or for further details please contact Jennifer Ward on 236-2025 or email info@emedia.bm $3,500/Month - 99A Mullet Bay Road - Conveniently located in Mullet Bay, close to public transportation, public schools, grocery stores, airport and a stone throw away from some of Bermuda’s finest beaches, this 2 apartment dwelling offers stunning panoramic views of St Geroge’s. The main house offers a split level with upper level comprising of a combined living and dining room, kitchen , bath and laundry. On the lower level of this unit are three large bedrooms, additional bath, lots of storage and a door, which leads to a private garden. Call Dale Young Properties 2365200 or 535-3202. $3,600/Month - Nicely furnished 2 bedroom, 2 bathroom Manor House Condominium with swimming pools, tennis courts, and beach access.

Large outdoor porch/patio with verandah. Great community to live in. Contact Ann Malcolm of Bermuda Longtail Real Estate 532-6212. $3,850/Month - Located within a few minutes walk to Warwick Long Bay Beach is this spacious upper apartment with yard. Living room with fireplace, dining room and kitchen. Master bedroom with ensuite bathroom, two additional bedrooms, one bathroom and laundry. Enjoy sitting out on the patio, overlooking the South Shore oceans. Contact Sheryce Raynor of Bermuda Longtail Real Estate 533-1996. $7,000/Month - (Listing # 514) - Upgraded Three Bedroom Family Home, Melville Crescent, Devonshire - available June 2011. This lovely home has two totally upgraded bathrooms and an upgraded kitchen with major appliances. Fully air-conditioned, garage & carport, security system, private patio, mature gardens with slat house and exotic fruit trees. $7,000.00 per month or near offer. Please call Roderick DeCouto Real Estate Ltd. at 292-4990 or email: info@decoutore.com. $7,500/Month - Available Now - This townhouse is conveniently located in Paget within walking distance to the ferry. The lower level comprises a spacious living room with working fireplace, dining room and a kitchen with all major appliances. There is also a family room with working fireplace, which leads to a covered patio overlooking the garden. Upstairs offers two large bedrooms with ensuite bathrooms and master bedroom with working fireplace, walk in closet and ensuite bathroom with a jet tub. There is plenty of storage throughout this large and spacious townhouse and it even has a garage. Sole Listing #5637. Contact Rebecca Dunstan 247-1826 - Coldwell Banker Bermuda Realty. $8,000/Month - South Shore. This lovely beach front property in Tuckers Town is a charm, having lots of land for entertaining, consist of 3 bedrooms,

2 bathrooms, kitchen with major appliances and combined living and dining room. Call Dale Young Properties 236-5200 or 535-3202. $8,300/Month - This gracious family home set on one third of an acre is within walking distance to downtown Hamilton. The home consists of a large formal entrance foyer, a spacious formal living room with fireplace, a formal dining room, an open patio, a powder room, a large galley kitchen leading to a breakfast nook/den/office which in turn opens onto a secluded patio and garden. There are four large bedrooms all with large closets, two bathrooms, a large interior storage room and a garage. Contact Donna of Joy Lusher Real Estate 535-9909. $10,000/Month – Enjoy the stunning views over Hamilton Harbour from this gracious home; centrally located in Paget, within walking distance to Lower Ferry. Accommodation includes entrance foyer, living room with fireplace, covered porch, family room with fireplace, kitchen, formal dining room, large study, master bedroom ensuite, two additional bedrooms, two bathrooms and laundry. In addition, there is a self contained studio apartment with private terrace.

Available 1st May for 1 year. Call Liz Wright 2991519 at Rego Realtors. $12,500/Month - (Listing # 523) - Wonderful Waterfront Home with Dock on Harbour Road in Paget – Available June. Three bedroom, two bathroom home, with views of Hamilton Harbour from every room, a sunny living room with wooden floors & fireplace, a dining room with French doors to patio and a modernized kitchen with quaint breakfast nook overlooking private courtyard. There is also separate studio guest cottage with bathroom & kitchenette. Roderick DeCouto Real Estate Ltd. 292-4990 email: info@decoutore.com. $15,000/Month - Ariel Sands – Sea Change. Luxury living at its finest. Beautifully furnished town home offering South Shore views and stunning architectural features to include gourmet kitchen, spacious living room with double vaulted ceilings and gas fireplace.

The entire upper floor is devoted to the spectacular master suite - a must see with sleeping porch and balconies, fabulous master bath. Two additional bedrooms with bath ensuite plus a den / office or 4rth bedroom on the lower floor. Private pool, full laundry room and garage plus beach access. Available July - Sole Listing #5709. Contact Gail Aruda 2471825, Coldwell Banker Bermuda Realty.

$20,000/Month – Private waterfront estate on an exclusive point of Riddles Bay, set on several acres of property. Traditional 5 bed, 5 bath home with so much to offer - a swimming pool, spacious selfcontained 1 bed pool cottage, deepwater dock that can accommodate a 28 ft boat; the sandy bottom around the dock is ideal for young children, also a mooring and garage. The property is offered partially furnished or unfurnished. Call Daina Outerbridge 299-1504 at Rego Realtors. $20,000/Month – Wonderful Harbour views and within walking distance to Darrells Wharf.

This tastefully restored Harbour Road home is idea for entertaining with private grounds and a courtyard. Accommodation includes: Living room with fireplace, formal dining room, spacious kitchen with breakfast bar, family room, 5 bedrooms and 5 bathrooms. In addition, a spacious garage, pool with pool house and self-contained studio apartment.

Call Helen Card 299-1505 at Rego Realtors.

List your rentals FOR FREE! Please send details to info@emedia.bm or call 236-2025

$15,000/Month - Oleander Brakes - This property is set on almost an acre of land with spectacular views of both the South Shore and Great Sound and has undergone a massive renovation. The main house

visit our website! www.islandpropertynews.com 14 w Island Property News • May 2011

consists of an entrance foyer, a spacious living room with fireplace and large patio, a family room, a state of the art kitchen with breakfast bar and dining area, laundry, three bedrooms ensuite a separate large self contained apartment, a pool, pool house with bathroom and large garden. Contact Donna at Joy Lusher Real Estate 535-9909.

Check out our online version of the magazine, contact Realtors, book ads, get rates and information! www.islandpropertynews.com

Representing Bermuda’s finest properties Keeping Real Estate Personal

Sue Lusher - Sales: Cell: (441) 333 9138 • Email: sue@joylusher.com Beth Gosling - Sales: Cell: (441) 335 3588 • Email: beth@transact.bm Liz Lusher - Sales: Cell: (441) 334 8104 • Email: elusher@logic.bm Diana Martin - Sales and Rentals: Cell: 441-337-0226 • Email: diana@joylusher.com

HUGE PRICE REDUCTION!!

AVAILABLE TO BERMUDIAN AND OVERSEAS PURCHASERS! GRACIOUS, ELEGANT AND LUXURIOUS GROUND FLOOR CONDO FOR SALE AT TUCKERS POINT Located on Harbour Drive at exclusive Tuckers Point we are proud to offer this brand new, beautifully appointed condominium for sale. Boasting custom fixtures and finishes and approximately 3,000 sq. ft of living space!

Comprising: Entrance hall, spacious open plan kitchen with state of the art appliances and granite countertops, living/dining room with fireplace, master suite with dressing room and bathroom, three guest bedrooms with bathrooms, laundry and storage area.

French doors lead from the living room and master bedroom to a deep covered wrap-around verandah overlooking the verdant greens of the Tuckers Point golf course and deep blue waters of Castle Harbour.

Enjoy the many amenities available as a resident member of the exclusive Tuckers Point Club and slip into a whole new world offering the ultimate in resort living.

US$3,450,000.00 PLEASE contact the SOLE AGENT today for an appointment to view!

ARE YOU READY TO FALL IN LOVE? ADORABLE AND CHARMING HOME FOR SALE “LIME TREE COTTAGE”, VERDMONT VALLEY ROAD, SMITHS. In an elevated position with South Shore views and located in a desirable and established neighborhood! On the bus route and within walking distance of the supermarket, pharmacy and restaurants, you simply can’t beat this great location!

Boasting over 2,200 sq. ft. of living space, the main house comprises an entrance foyer, large living/dining room with fireplace, beautifully appointed kitchen, master bedroom with bathroom en suite and glass sliding doors leading to a private patio, a guest bedroom and guest bathroom. There is a lovely private patio and garden off the living/dining room and plenty of room to put in a pool! At the lower level - with a private entrance and parking - is a spacious apartment which commands $2,000 per month rental income, comprising a bedroom, living room, kitchen and bathroom.

There are split system air-conditioning units throughout and a security system. In pristine ‘move-in’ condition and offering vacant possession, this home is an absolute gem!

Please call the SOLE AGENT today for an appointment to view or attend our OPEN HOUSE – SATURDAY APRIL 16TH, 2:00 P.M. – 4:00 p.m.! $1,395,000.00

89 Harbour Road, Warwick PG 01, Bermuda • Tel: (441) 236 5120 • Fax: (441) 236 7409 Email: info@joylusher.com • www.joylusher.com • Member of Real Estate Division, Bermuda Chamber of Commerce

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Island Property News • May 2011 w 15

everything media Marketing • Websites • Public Relations

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