Development Property
Development Property
Development Property
Development Property
Development Property
Development Property
Development Property
Development Property
Development Property
Development Property

Development Property Spring, Bequia, The Grenadines

$680,000 USD
  • Details
  • Location
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Property Details

Property Details

  • 3 Bedrooms
  • 1 Bathroom
  • 0.71 Acres
  • FOR SALE
  • Excellent Potential
  • Bay & Ocean Views
  • Room for Development

Development Property with Excellent Potential Lot 13 Spring Estate Bequia, St Vincent & the Grenadines

31,426 sq ft / 0.71 Acre Lot

A remarkable property located in the exclusive Spring Estate. The property enjoys a high élévation above the Firefly Hotel, with views over the whole of Spring Bay and the ocean beyond.

Set on over 31,000 square feet / 0.7 Acres of land, and includes access rights to the beach

Light, space and elevated simplicity in a striking architecture - a redevelopment opportunity on 31,000 sq ft in an exquisite island location overlooking the palm trees and bay below.

Dramatic Building

The arched semi cylindrical cast shell roofs create vast interior spaces remarkable for their light and cool atmosphere. The entire space is all on one level, with full height openings facing out over Spring Bay. With solid foundations and structure, strong & thick exposed supporting columns, top retaining walls and interior dividing walls.

Outside there is a long deck running the entire length of the building overlooking the gardens. Below at front ground level there is pillared space for further development with views over the extensive gardens and the valley and palm fringed bay below

This extraordinary building offers artist loft living in a remarkably peaceful location high on the hillside overlooking the bay.

Property Access

On Firefly road this property is on the right hand side with a gated entrance and with stone steps leading to the rear terrace.

Property Layout

Entering the property from the rear terrace there is a large single open space with a second open room.On the right hand side facing the ocean is the kitchen, to the left are 2 rooms with one bathroom. The entire living space is all on one level - facing front with views over Spring Valley and the Bay.

Location

Villa Location

Spring

A quiet international community of independent villas on the hillsides of this green and peaceful valley. The boutique Firefly Hotel, and old sugar mill is located here. The old tall Coconut palms run down to the coral sand beach facing the ocean. Completely away from the Harbour but astonishingly close for a visit for shops, restaurants and the bustle of island life.

Buyer's Guide

Buyer's Guide

For purchasing in a foreign country we are here from start to finish of the process, and pride ourselves in strong relationships with previous buyers, assisting in settling new owners on island. We are happy to assist with any part - 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.

The entire process can be handled remotely - ie while you are at home in the UK or US for example.

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
- Nationality
- 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

UK: http://www.acro.police.uk/police_certificates.aspx

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

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.

Ownership

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.

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