1 Acre Beachfront Land Canouan, Canouan, The Grenadines
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Property Details
- POA
- 1 Acres
- 43574 Sq Ft
- Level Beachfront Land
- Close to the ultra exclusive 5 Star Mandarin Oriental Hotel
- Utilities (Electric, telephone lines, paved concrete road)
- Gently Sloping 1 Acre Plot
- 200ft of White Sand Beachfront
- Multimillion-dollar marina for mega yachts
Rare Beachfront Land on the exclusive island of Canouan.
This long established luxury island offers tranquillity and luxury and getting to Canouan by air is easy in just a 30-40 mins flight from Barbados. There are regularly scheduled daily flights from St. Vincent, Barbados, St. Lucia and Grenada. Canouan airport welcomes private jets on the recently extended runway enabling larger aircrafts to land here.
Villa Location
- The Grenadines >
- Canouan >
- Canouan
Canouan
Beautiful Windward Island in the southern Antilles, Canouan features a stunning turquoise blue lagoon on its windward side, has sweeping bays, spectacular beaches that embrace each contour of this bird of paradise-shaped island. Famous for its annual and highly competitive regatta Canouan is a haven for all sailors.
Buyer's Guide
The entire process can be handled remotely - ie while you are in the UK.
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.
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.
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.