Becune Point Villa
Becune Point Villa
Becune Point Villa
Becune Point Villa
Becune Point Villa
Becune Point Villa
Becune Point Villa
Becune Point Villa
Becune Point Villa
Becune Point Villa

Becune Point Villa Cap Estate, St Lucia, St Lucia

$890,000 USD
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Property Details

Property Details

  • 3 Bedrooms
  • 3 Bathrooms
  • 1.10 Acres
  • 3000 Sq Ft
  • Private Pool
  • FOR SALE
  • Hillside
  • Fully fenced & Secure
  • Constructed in 2005
  • Large Terrace & BBQ area

Becune Point Villa Cap Estate St Lucia Ocean Views from 3 Bedroom Villa

This lovely property faces the ocean and is located off Cap Estate, a desirable residential location on St.Lucia. There are 3 double sized bedroom each en suite with AC and built in storage space. Available for sale fully furnished the fittings are contemporary and in good condition as is the property.

Private Pool & Terraces

A private pool (25 ft x 14 ft) is in pristine condition and surrounded by wooden deck offers the ideal place to relax and enjoy the perfect St Lucian climate.

  • Reduite Beach 5 mins by car
  • Rodney Bay marina & restaurants 5 mins by car
  • Cap Estate Golf Course 2 mins by car

Close to Reduit Beach & Cap Estate Golf Course

Sandy Reduit Beach is one of the islands most popular and only 10 minutes away by car.

AC & Storage Space  in 3 Spacious Bedrooms

The bedrooms are cool, spacious and air conditioned. There are built in wardrobes and the rooms have been decorated in a cool, modern boutique hotel style.

Modern, Well Equipped Kitchen

The light, spacious kitchen has a central island and lots of storage and workspaces. Well equipped including a gas hob and integral oven, fridge freezer, double sinks and a breakfast bar the kitchen has a cool tiled floor that leads to the laundry & utility areas which includes a washing machine, dryer and a second fridge/freezer.

Fully Furnished & Fenced & Secure

The entire property is fenced and has electronic security gates. The furniture and fittings are also included in the sale price.

Location

Villa Location

Buyer's Guide

Buyer's Guide

Buying a property in St.Lucia where there is a tax haven with no VAT, no capital gains tax, no inheritance tax and no estate tax makes a great deal of sense. St.Lucia is one of the worlds top destinations for weddings and honeymoons making a holiday rental property potentially lucrative. St.Lucia has really embraced the worldwide taste for health spas with the first St.Lucia Health & Wellness Retreat, supported by the government and private businesses, being established and opening soon on the island. Being one of the most accessible islands in the region with the lowest crime rate St.Lucias affordable properties offer an ideal opportunity for investment. Comparable in many ways to neighbouring Barbados but with house prices ranging from 40-60% lower this beautiful island should not be overlooked as an investment opportunity.

 With a total land area of just 620 sq miles St.Lucia, often called "The Helen of the West Indies" because of its natural beauty, sits in the ocean like a shimmering jewel. Pristine white sandy beaches, tropical forest populated by rainbow-plumed birds and acres of orchards filled with sweet smelling tropical fruits such as mango, papaya and banana are crowned by the islands twin peaks the Gros & Petit Pitons.

How to buy St Lucia property
There are certain rules and regulations you must comply with as a non domicile of St Lucia in order to purchase a St Lucia property. For instance, you will need to apply for an Alien Landholding Licence. Generally the cost of purchasing a property on St Lucia will come out at between 6-8% on top of the purchase price. This will cover stamp duty, the Alien Landholding Licence, Treasury receipt, legal costs and registration fees. If you are taking out a mortgage, lenders tend to charge a set-up fee.

Alien Landholding Licence
Foreigners must apply to the Ministry of Planning for an Alien Landholding Licence which costs EC$1,500, is non-refundable and does not need renewing. The process takes up to 16 weeks as the application is vetted by the Physical Planning Office of the Ministry of Physical Development, Environment & Housing, approved by the Prime Ministers Office and finally by the Office of the Attorney General.

Your locally appointed lawyer will make the application for the Alien Landholding Licence on your behalf. Along with your completed application you will need to provide the lawyer with the following information:

Certificate of character for each applicant (from your local police station)
A bank reference
Your CV
A copy of your passport data page
Full set of fingerprints (from your local police station)
Statutory declaration
4 passport size pictures of each applicant
Full details of the proposed property or land purchase (including a survey plan and land register of the property (from the Vendor) and a value assessment of the land or property (although the value assessment may not be necessary
Receipt proving payment of application fee
Initial approval from the Development Control Authority (this may not be necessary).

In addition to the application fee for the Alien Landholding Licence, the following fees are applicable depending on the land area of your property.


Land Area (in acres)    Price (in EC$)
Under 1    $5000
1-10    $10,000
10-20    $20,000
20-50    $30,000
50-100    $40,000
100+    $50,000


Deposits
There is no standard procedure on this, but common practice is to offer 10% of the purchase price as a deposit, which is forfeited if the buyer pulls out. If the vendor pulls out then the buyers 10% is returned as well as 10% from the vendor plus an additional penalty of 10%. In the unlikely event that the Alien's Landholding Licence is not granted, then the deposit is refunded.



Annual Property Tax
5% of the unfurnished rental value of your property, regardless or intent of use.

Stamp Duty
2% of purchase price

Vendors Tax
10% for non citizens or 5% if the property is owned by a local citizen of St Lucia.
There is no vendors tax if the property is owned by a company as you would transfer the shares in the company as a way of transferring the property (rather than by deed of sale). It is therefore best that all foreign clients sent up a local company and to apply for the license in the company's name. When you come to sell, you will be selling the company rather than the property itself.

There is no capital gains tax, inheritance tax or gift tax in St Lucia.

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