The Cotton Tree
The Cotton Tree
The Cotton Tree
The Cotton Tree
The Cotton Tree
The Cotton Tree
The Cotton Tree
The Cotton Tree
The Cotton Tree
The Cotton Tree

The Cotton Tree Spring, Bequia, The Grenadines

$425,000 USD
  • Details
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Property Details

Property Details

  • 1 Bedroom
  • 1 Bathroom
  • 0.48 Acres
  • Space for Pool
  • FOR SALE
  • Ocean Views over Spring
  • Quiet Peaceful Location
  • Development Potention

Plot - 20,971 sq ft

Elevated, Breezy Location

The Cotton Tree is located in Spring, above the Firefly Hotel. It enjoys a quiet, tranquil location with sea breezes and wonderful ocean views over the Atlantic.

Surrounds

Private residential estate, tranquil and peaceful neighbourhood - mainly ex pat ownership.

Plot

Land flat at site of house and surrounds / front- slight gradient down to road boundary / steeper gradient above.Land measures 20,971 square foot.

Layout

Split level one bedroom property: Upper level - master suite with uncovered terrace - great ocean views from here. Main level - foyer entrance / kitchen / bathroom / lounge opens to covered terrace on 2 sides. Ground level - laundry / storage.

The interior of The Cotton Tree has lovely, high wooden beamed ceilings, and the living area is a relaxing, open space that is linked to the dining area and there is plenty of light that shines in through the large double doors.

A Great, Wide Veranda

This lovely Bequia property has a wonderful veranda with plenty of space and yet more stunning views. The veranda has areas for outside dining and relaxing - adding to The Cotton Tree's open feel, there are large double doors which open out and link the veranda to the dining and living areas of the property.

Further Development Potential

Possible apartment / studio at ground level columns in place already / plumbing and electricity close-by.Potential to expand main house + possible addition of ensuite bathroom for bedroom. Ample space for pool to be installed.

Construction

Roof - Galvanised sheets Ceilings - High wooden beamed Floors - Concrete / interior painted Windows/doors - Wood / some shutters

General condition

Would make a great Turnkey rental property, equally would make a super holiday home whether full or part time

This property is well kept / minor cosmetic refresh in places. Great potential for further development

The owner has taken great care of the Cotton Tree Property. With paint work, varnish and care and attention over the years given to all the shutters and woodwork throughout the property; inside and out.

Water Tank

Location - entrance area up to outer bathroom wall / inner kitchen side - 16,000 Gallon capacity.

Furnishings Included

Furnishings are mostly all included, owner will remove personal effects - mainly artwork / rattan furniture on terrace. Beds, dining table, couch etc all included.

Electrical supply

Connected to national grid- Electric hot water for shower & 220v wired outlets.

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

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.

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
- 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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