Friendship Bay Land Friendship Bay, Bequia, The Grenadines
- 1.08 Acres
- 47099 Sq Ft
- Road Access
- FOR SALE
- Friendship Valley
- Concrete Road Access
- Elevated Valley Postition
- Prime Location
Friendship Bay Land 1.08 Acre / 47,099 Sq Ft Friendship, Bequia St Vincent & the Grenadines Ideal for Development
This gently sloping plot is ideal for a vacation rental property or residence. The proximity of the bay is perfect for owners who love the ocean, and it's central location provides easy access to the whole of Bequia.
The plot gently slopes away down from the road, extending down to flat land in the middle of the valley
Apartments close to the beach can generate an income of anything from 1500 USD per week upwards during the high season depending on the quality of finish.
Cool & Comfortable
The south coast of Bequia island enjoys just the right degree of breeze for very comfortable living. The location enjoys gentle breezes and not full impact of the trade-winds.
A Villa with Valley, Ocean & Island Views
This 1 acre plot of land provides views down across Friendship Valley, Friendship Bay and over the ocean to the exclusive private island of Mustique, and the uninhabited islands of Petit Nevis, Balliceaux and Battowia.
This is the perfect plot of land for the construction of a villa, either residential or as a vacation rental property. The central location means all of Bequia is easily accessible, with bars, restaurants & shops nearby.
Another benefit is the Infrastructure; the whole of Bequia is easily accessible via the road on the western boundary, as well as a dirt track running along the Northern boundary. Electricity and cable/phone services are available nearby.
Close to Beach & Harbour
Friendship Bay Beach is just a short walk away, 20 minutes walk to the harbour and just a short stroll along the beach to a nearby fine restaurant. Bequia is a tiny island, and with a car all the beaches, restaurants, bars and dive shops are close by. Any property built on this plot will benefit from being on an established bus route.
Bequia Beach Hotel Nearby
Just visible from the plot and within easy strolling distance the world famous beachfront hotel offers the Bagatelle Beachfront Restaurant, a spa & gym and a variety of local bands and entertainments most evenings.
Outstanding Value for Money
This offer represents an ideal investment opportunity and great value for money for the eventual buyer.
Hills encircle this fertile valley which opens to a beautifully long sweep of beach with southern views to Mustique and Bequia's southern Cays. Well connected by road to Admiralty Bay over the ridge. Friendship Bay enjoys a quietly established atmosphere with a great blend of local character and world class accommodation on this protected palm fringed bay. Hillside properties enjoy spectacular views accross the bay and out over the Caribbean Sea to the Atlantic Ocean beyond Mustique or to the Southern Grenadines beyond Isle a Quatre. There is an international restaurant on the beach and local roadside bars. Look for local working boats pulled up on the beach or anchored in this sheltered bay.
The entire process can be handled remotely - ie while you are in the UK.Purchase procedure:
1. Make your offer for your chosen property through us. We present your offer, and work to bring the sale to an agreement with the owner.
2. Appoint a local Lawyer to handle your purchase (list of recommended lawyers can be provided upon request) exchange contact details and discuss the purchase arrangements, as you wish.
3. Sign Agreement of Sale & deposit 10% of purchase price in ESCROW account with the lawyer.
The Agreement of Sale Contract is prepared by the lawyer for approval by both parties, before being finalised and signed by both parties. This is a binding agreement, the only circumstances where you would retrieve the deposit would be if:
- the seller fails to perform (for example if there was not clear title)
- or if your ALHL is not issued (this is extremely rare).
4. Alien Land Holders Licence (ALHL) Application (specific to the property & applied for at the time of agreement of purchase ).
Provide the following details to your local lawyer :
- Date and place of birth
- Copy of passport
- Bank reference (not finances just a letter of reliability)
- Police certificate of clear record (applied for from your local police station or online, in your home country
The police certificate is usually fairly swift and at least straightforward
The lawyer makes the ALHL application and searches to check clear title on the property
5. ALHL is issued (this usually takes 2 to 3 months).
6. Complete the purchase (you deposit the balance of purchase price and the signed deeds of conveyance are released). At this point the property is yours.
Purchase costs are straightforward;
- 5% Stamp Duty
- approximately 6% ALHL
- legal fees
Legal fees are standard and the lawyer you instruct can provide a detailed breakdown of the costs.
We advise allowing 13% to cover the costs.
The lawyer can advise on personal or company ownership;
Company ownership provides automatic exemption from work permit. Residency is a simple formality with property ownership.
Many buyers choose to own their property through a company which can be set up easily, the lawyer can advise on the costs and fees for this.
There is no capital gains tax, no inheritance tax and annual property taxes are negligible. Funds can be repatriated freely.