Lodge Mountain Land
Lodge Mountain Land
Lodge Mountain Land
Lodge Mountain Land
Lodge Mountain Land
Lodge Mountain Land
Lodge Mountain Land
Lodge Mountain Land
Lodge Mountain Land
Lodge Mountain Land

Lodge Mountain Land Green Hill, ST. VINCENT, Saint Vincent

$230,000 USD
Property Details

Property Details

  • 6 Bedrooms
  • 6 Bathrooms
  • 1.95 Acres
  • 84798 Sq Ft
  • Space for Private Pool
  • FOR SALE
  • Restoration Project
  • Development Opportunity
  • Stunning Location
  • Substantial Plot Size

Lodge Mountain Green Hill St Vincent 1.95 Acres excellent price at less than 2.74 US$ per square foot 84,798 sq ft Lodge Mountain Location

This large plot of south facing residential land is located between Green Hill and Boiswood in a desirable district populated by large, detached private properties. Approached from the Leeward Road out of Kingtown this is a quiet hillside neighbourhood with properties surrounded and protected by mature formal grounds and gardens.

Fertile, Gentle Sloping Land

This plot of land presents a unique opportunity for the buyer to develop a lush tropical estate and either renew the existing property or build from scratch.

Property Layout

There is a large 6 bedroom property, constructed in 1992 and designed by the architect Sheroll Gumbs. The house has not be inhabited for the past 5 years and is in need of repair. Construction was interrupted by large scale flooding and an earthquake which had an impact upon the property structure. There are visible cracks in the property which the owners have tried to repair themselves. This property is arranged on 2 levels with 3 self contained apartments located on the lower level and the master bedroom with private bathroom on the upper floor with 2 further bedrooms sharing the 5th bathroom. The price reflects the current condition of the residence. The upper level is habitable whereas the lower level requires attention.

Ample Space for Private Pool

There is no pool at the property but ample space for a pool to be installed.

Garden & Grounds

The house is surrounded by 35,000 sq ft of mature trees, shrubs and fruit which include coconut, lime, breadfruit, breadnut, plumrose, sugar apple, soursop, lemon, avocado, mango, orange, banana, golden apple and both red and yellow plums. The garden is almost fully fenced and the property is accessed via a long, private driveway, built in 2009. There is also ample parking space at the property.

Views: Actual & Potential

This south facing property offers views from the upper floor of the wharf at Kingstown below, over to Bequia and Union Island. These stunning views would be improved with a little much needed garden maintenance. The dense vegetation simply requires thinning which would both introduce further light and ocean views to the property and land.

Access & Neighbourhood

Accessed via a private driveway (constructed in 2009, at a cost of 22,000ECS) with parking for several cars this property and land offers a considerable opportunity for the new owner to either knock down and construct a new property or invest in repairing and renewing the existing structure.

New Airport 2016

St Vincent's new airport is due to open in 2016 which will increase the volume of visitors to the island. Whether this property becomes a family home or vacation rental either airport staff or tourists to the island could enjoy its redevelopment.

Location

Villa Location

Buyer's Guide

Buyer's Guide

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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