Admiralty Bay Hillside Property Mount Pleasant, Bequia, The Grenadines

$800,000 USD

Details
Location
All Photos
Guide

Property Details

FOR SALE
2 Bedrooms
2 Bathrooms
1.25 Acres
54450 Sq Ft
Space for Pool
Hillside
Great investment
Elevated location
ideal for development as Villa
Expansive Views over Admiralty Bay }
Steep
Garden
Online Viewing By Request
Parking

1.25 Acres Great, elevated location

This property enjoys an elevated location, with superb views over Admiralty Bay. Located towards the top of the hill, the land is on a steep slope. The property is accessed easily off the main Mount Pleasant road, and is a short drive from the busy harbour town of Port Elizabeth. The beautiful Princess Margaret and Lower Bay beaches are also a short drive away. The gardens are located below and beyond the house, and the land has many different fruit trees.

Wonderful potential

This is a neat and tidy property, and there are two newly built houses behind it. With two bedrooms, it is used by the current owner as a holiday rental, and is set out as two rental apartments. This property and the surrounding land has great potential, and would be an excellent investment. There is plenty of room to build a new villa alongside, for example, and there is also space for a pool.

Great level of privacy

Due to the mature fruit gardens, the property benefits from privacy, whilst still being within great proximity of bars, restaurants and local supermarkets. The property would also be ideal for development as a villa, and with the thriving rental industry that Bequia has developed over the past few years, this has the potential to be a very successful villa rental, especially since it is in such a great location.

Location

Villa Location

The Grenadines >
Bequia >
Mount Pleasant

Mount Pleasant

A central hilly area, Mount Pleasant enjoys a perfect combination of breezy elevation, rolling landscape, and access down to the beaches on both the Atlantic and Caribbean side and to the harbour town of Port Elizabeth. A very civilized retreat to enjoy Bequia from. Traditionally home of the islanders with roots in the French settlers, this is a long established residential location often with breathaking panoramic views.

All Photos

Buyer's Guide

Purchasing land in a foreign country can seem like a daunting task. We are here from start to finish of the process, and pride ourselves with a strong relationship with previous buyers, assisting in settling new owners into the island and their property. We are happy to assist with any part, from the handover, relocating, shipping, staffing, and continuing through our rental program.

We extend our full concierge services, and regularly handle all arrangements for potential purchasers visiting the islands for viewings - private or scheduled flights, transfers, accommodation, island briefings, tours and property viewings.

We arrange and lead viewings ensuring they are comfortable, relaxed and well timed. We provided detailed printed material and can photograph aspects of the property which are of particular interest to you, ensuring that all follow up material is focused for you.

From helping you find the right property, assisting in assessment & evaluation, advice on legal processes to various areas surrounding architecture, design, project management, property maintenance, management, and rental.

A Few Notes on Procedure & Purchase Costs

General Purchase Procedure:

1.   Prepare your documents for Alien Land Holders License (ALHL)
2.   Appoint a local Lawyer and provide them with your ALHL documentation
3.   Lawyer prepares ALHL application details in readiness.
4.   Find the property you like.
5.   Pre arrange with your bank for placement of a 10% deposit.
6.   Agree to purchase
7.   Sign Agreement of Sale contract and deposit 10% of purchase price in ESCROW account with the lawyer. 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 the ALHL is not issued (this is extremely rare).
8.   The lawyer makes the ALHL application and searches to check clear title on the property.
9.   ALHL is issued.
10. Complete the purchase (your lawyer and the vendor's lawyer provide deeds of conveyance and you deposit the balance of purchase price).
11.   At this point the property is yours.

Alien Land Holders License(ALHL)
If a foreign national you must obtain an Alien Land Holders License from the Government. This is applied for at the time of agreement of purchase, and on payment of the deposit. The License is specific to the property and non-transferable.

An Alien Land Holders License is applied for through a local attorney, and the following details are required:

•   Date and place of birth
•   Copy of passport
•   Nationality
•   Bank reference
•   Police certificate of clear record
•   Address, current and for previous 5 years
•   Marital status
•   Occupation

Upon filling the application a fee of $931,306US will need to be paid to the St. Vincent Government, and the application takes approximately 10 to 14 weeks to be processed.

Once granted, the license is officially registered, requiring the following costs:

Value of Property	Cost
$37,445US & Below	$3,744US
$37,445US to $1,117,318US	$3,744US +5% of value in excess of $37,445US
Exceeding $1,117,318US	$39,149US + 3% of value in excess of $1,117,318US

There is also an annual charge of $2,500EC for holding the License.

Stamp Duty
Purchaser stamp duty is 5% of the property value and is paid on registration of the title deed. The property value is determined by the government and is usually a little higher than the purchase price; unfortunately it is not possible to have a valuation prior to sale.

Legal Fees
The St. Vincent & the Grenadines Bar Association regulate the amount Lawyers can charge. Legal Fees for Properties $18,750US and above are:
$576US +1.5% of value in excess of $18,750US. The Lawyers fee for ALHL application is $465US

Registration Fee
The cost of registering the title deed is $15US for the first $5,586US of sales price + $0.93US per $372US thereafter.

An Overview of Transaction Costs for the Buyer

Alien Land Holders License	4.00% to 10.00%
Legal Fees	1.50% to 2.00%
Registration Fee	0.25%
Stamp Duty	5.00%
Total Paid by Buyer	10.75% to 17.25%

(Note all prices stated are rounded & based on the standard exchange rate: $2.68EC = $1.00US. This is a fixed rate, but may occasionally vary slightly)

Estate Agency Fees
Real estate fees are borne entirely by the vendor - no cost to you for our services which include provision of assistance through to completion - we work closely with architects, lawyers so we can provide recommendations and we provide complimentary office services for clients on island - communications are important to facilitate a successful purchase.

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To speak to us call: + 1 784 457 3739