Ashiana Villa - St.Lucia Marigot Bay, St Lucia, St Lucia

$1,595,000 USD

Details
Location
All Photos
Guide

Property Details

FOR SALE
5 Bedrooms
5 Bathrooms
0.36 Acres
7747 Sq Ft
Private Infinity Pool
Spectacular location and sunset views
Close to Marina at Marigot Bay
Electronic Security Gates
Exceptional Quality Fully Furnished
5 bed/bath all with AC }
House of 7,747 Square Feet in a superior location
Garden
Online Viewing By Request
Parking

Excellent location, stunning views on

15,890 sq ft of land

Villa Ashiana is a well maintained and tastefully furnished luxury villa finished to an extremely high standard.

Located on the hillside above the Marigot Bay yacht haven. Enjoying wonderful sunsets, and spectacular views over the water and marina below. This is an excellent location, especially since Marigot Bay is one of the most picturesque bays in the Caribbean, and this setting gives Villa Ashiana a superlative feel, and luxurious atmosphere.

ROI Potential

The villa is an excellent vacation rental and is booked up to 75 per cent of the year. The villa can accommodate 11 persons. Rental rate is approx US$1100 per night with full occupancy.

Ideal Island for Investment

St. Lucia is a fantastic place to consider buying a property - the island is sufficiently developed, and yet has still retained its beauty and natural feel. There are amazing beaches, mountains and volcanoes to explore, and two airports, with travel to the UK and US straight forward. The tourist industry here is thriving with many resorts and spas, and there are events throughout the year, including festivals, and the extravagant carnival.

Marigot Bay

Marigot Bay is located on the Western Coast of the island approximately 4 miles southwest of Castries. It has been described by the American novelist James A. Michener as The most beautiful bay in the Caribbean.

Marigot Bay holds a fascination found nowhere else on the island. The ridge and surrounding hillsides are home to some of the most beautiful and unique real estate in St Lucia.

Marigot Bay is a very popular yachting destination and is able to accommodate Mega and Super Yachts. Marigot Bay attracts visitors from all over the world and offers an exciting atmosphere.

Layout and features
Villa Ashiana is a superbly finished five bedroom property, decorated with a traditional Caribbean style.

On ground Level is the open plan living / dining room & family TV room.

A skylight makes the villa light and airy.

There is a beautiful large infinity pool and pool deck, with stunning views overlooking idyllic Marigot Bay with plenty of space to relax and entertain.

The whole of this villa is fully furnished, and the quality is exceptional.

Spacious Cool Bedrooms

All 5 bedrooms located upstaris are spacious, with an en suite bathroom. The three front bedrooms overlooking the pool & bay each have a balcony to enjoy those stunning. 3 Bedrooms face north west while the remaining 2 face north east. The 5th bedroom is a large family room which contains 3 beds comfortably. There is also a small office upstairs.

Safe & Secure

The property is fully fenced and includes electronic security gates, and a double lock up garage.

Summary

Master bedroom: with en-suite bathroom, fitted cupboards and a balcony with view over Marigot Bay. Situated on the first floor
3 Guest Bedrooms: with ensuite bathrooms, fitted cupboards and 2 with balconies overlooking Marigot Bay, again on the first floor
Family bedroom: a large family bedroom which comfortably fits 3 beds.
Additionally there is a small office upstairs
Kitchen: Fully Fitted with all modern appliances
Living/Dining Room: Open-plan and Fully furnished
Air conditioning: in all bedrooms and the living room
Décor: modern Caribbean, high quality furnishings.
Verandah: spacious, covered, outside dining that leads out on to the sun deck and pool
Infinity Pool:
Sundeck: sun loungers and umbrellas
Electronic security gates
Garage: Double
5 Bedrooms

Please note the villa is not for sale as a business investment

Location

Villa Location

St Lucia >
St Lucia >
Marigot Bay

Marigot Bay

Marigot Bay is located on the western coast of the Caribbean island of Saint Lucia, 3.75 miles southwest from the Castries close to the Saint Lucian National Marine Reserve. The bay is a historic landmark, having been the site of a number of battles between the French and British navies. Surrounded on three sides by steep, forested hills. The inland portion of the bay forms a hurricane hole, used to shelter boats from hurricanes. The popular film location destination and described by the American novelist, James A. Michener as the "The most beautiful bay in the Caribbean."

All Photos

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.

Local solicitors / lawyers usually charge 3% to 5% of the purchase price.

There are certain very attractive tax incentives available to a selection of 'returning residents' of St Lucia including the right to ship a container of 'personal goods' without paying duty on them and importing or purchasing a vehicle duty free.

To qualify for 'returning resident' status you must be a citizen of St Lucia, either by birth or parentage who is returning to St Lucia after a minimum of 10 years off the island or be married to the aforementioned citizen.

There are strict guidelines as to what constitutes 'personal goods' and various limitations that should be read thoroughly. For up-to-date information please contact your local Consulate General of St Lucia, or contact one of our agents.

Example of a full listing here - http://www.guidetostlucia.com/returning-residents.html

I would like to receive marketing emails in the future from the Grenadines Collection

We will not pass on any details to partners or third parties - view privacy policy

To speak to us call: + 1 784 457 3739