Arnos Vale Colonial House
Arnos Vale Colonial House
Arnos Vale Colonial House
Arnos Vale Colonial House
Arnos Vale Colonial House
Arnos Vale Colonial House
Arnos Vale Colonial House
Arnos Vale Colonial House
Arnos Vale Colonial House
Arnos Vale Colonial House

Arnos Vale Colonial House Arnos Vale, ST. VINCENT, Saint Vincent

$1,200,000 USD
Property Details

Property Details

  • 5 Bedrooms
  • 3 Bathrooms
  • 1.98 Acres
  • 7860 Sq Ft
  • Space for Pool
  • FOR SALE
  • Colonial House
  • Staff Quarters
  • Ocean Views
  • Ocean Views }

Land - 86,377 square foot House - 7,860 square foot

A historic Colonial House built in the 1790's, likely a former military barracks, on approximately 2 acres of land.Solid construction / in need of refurbishment. Superb development potential.

Great location in Arnos Vale with amenities close by and just 5 mins drive into Kingstown / 20 mins from Argyle International Airport.The beach at Villa is just a 7-10 mins drive away.

Views

Tropical garden views / views over ET Joshua Airport and out to ocean from 1st floor. Vegetation can be trimmed to expose views across to Young Island / Mustique / Bequia and Southern Grenadines.

Surrounds

Large parcel of land with forest reserve to the rear above side, with a road running along two sides of the property.

House Layout - 3 Levels & Staff Quarters

Basement - runs along the bottom of the main house. Not in current use / previously used as storage / workshop.

Ground Floor - Steps up to covered porch. Inside reception area directly in front with office to rear.Left side large lounge area, right side steps to upper floor. Spacious dining room and kitchen to the rear with 2nd entrance.

Upper level - Corridor feeding 4 bedrooms plus annexe area which could be a 5th bedroom or walk in closet/storage area 2 bathrooms at each end of corridor.

Adjoining Staff Quarters

At the end of the property is a staff quarters / nightwatchman area with its own entrance.

Furnishings

Selected items may be included by negotiation.

Floors

Hard wooden flooring throughout, upstairs and downstairs.

Windows/Doors

Wood - some sash windows.

General Condition

Liveable but in need of mainly cosmetic upgrade.

Water Supply

Connected to the mains supply / with additional / Backup reserve tank on site

Electrical Supply

Connected to the national grid.

Full Report

The lot is irregular in shape with a sloping topography. All surface water is readily drained from the site, via concrete gutters and there is no risk of flooding during periods of heavy rainfall. The property is accessible via a secondary road and the Windward Highway.

The building on site is a three-floor house constructed around 1790. The facilities accommodated on the first floor are 4 bedrooms and 2 bathrooms. The facilities accommodated on the ground floor are a living room, dining room, study, kitchen & pantry bathroom and a veranda. The basement/cellar accommodates a storeroom.

Overall, the quality of workmanship is of a good standard and the building is in an average state of repair. Due to its age there is need for general repair works and maintenance works. There appear to be no major structural defects affecting this building at present.

Construction:

Foundation: strip foundation, with stone foundation walls. Floor: concrete slab and hardwood timber. Internal Walls: timber and rendered solid bricks. External Walls: rendered solid bricks. Doors: panel timber doors. Windows: timber frame sash windows. Roof: hip roof with galvanized sheet covering and suspended ceiling. Miscellaneous: paved driveway.

Area Analysis:

The subject parcel of land is located in Arnos Vale. It can be considered an area of mainly middle to upper-income composition. The area is one of mixed land uses, predominantly residential, with limited agriculture. Amenities in the area include churches, village shops and so on in the Arnos Vale area. In addition, due to the location relative to Kingstown, all the amenities of the urban area are within relatively easy reach.

There are adequate electricity, telephone, and pipe-borne water services available throughout the entire area. Commuter transport is available from the area to Kingstown along the Windward Highway. Additionally, the area benefits from scenic views of Sion Hill and Arnos Vale Estates.

Town Planning Considerations:

The property is located within an established residential area. The present use complies with planning regulations and there are no non-conforming land uses in the area, at present. Estate can be assessed as a residential property and development land.

Market Demand:

There was good demand for vacant land and developed land in the Arnos Vale area. Over the past four years, several parcels of vacant land were sold in the general area. Developed properties were however less frequently on the market but were a good investment medium.

Location

Villa Location

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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