Ocean View House
Ocean View House
Ocean View House
Ocean View House
Ocean View House
Ocean View House
Ocean View House
Ocean View House
Ocean View House
Ocean View House

Ocean View House Cane Garden, ST. VINCENT, Saint Vincent

$485,000 USD
Property Details

Property Details

  • 4 Bedrooms
  • 4 Bathrooms
  • 0 Acres
  • 18000 Sq Ft
  • Flat Roof Deck
  • FOR SALE
  • Panoramic Terraces
  • Outstanding Value
  • 3 Floors, Spacious Interior
  • Ideal as Boutique Hotel

Ocean view House Cane Gardens St.Vincent and @ 10,000 square foot House @ 18,000 square foot

(on 3 levels at approximately 6,000 sq ft per level) 4 bedrooms 4 Bathrooms

Development Potential

This property would be perfect as a boutique hotel or B&B. The scale of the interior, location, views, flexible price and arrival of a new airport in 2016 make this an ideal development opportunity.

Art Deco Styled Townhouse

This is a stunning property built in the Art Deco style, cool in pastels, presenting an elegant facade towards the ocean and islands. The house is located in the Cane Garden area on the southern tip of St.Vincent just above the Kingstown Wharf. The neighbourhood is a desirable location populated by primarily expat owned larger properties of a similar scale to this. Passengers on the ferry from Bequia can enjoy the ice cream colours of this house as they approach the port.

Outstanding Value

The property is in need of updating and repair; which is reflected in the price. We highly recommend viewing this property and will be happy to arrange an appointment to view to suit your schedule.

St.Vincent Social History

This house has played host to a variety of social occasions over the years due in the main to the properties scale, elegance and interior layout. The grand staircase dominates the entrance, the terraces and flat roof space offer stunning island views and the art deco curves and style provide a grand backdrop to any occasion.

Spacious 4/5 Bedroom Interior

The house has high ceilings, spacious rooms with tiled floors and AC. Glass bricks have been used within the property in character with the deco exterior styling. There are 4 large bedrooms each with an en suite bathroom and AC. An extra self contained studio is located on the ground floor which is used as the maids quarters.

Elevated Position with Exclusive Island Views

This house sits in an elevated position overlooking the ocean and exclusive islands of Mustique and Balliceaux.

Internal Layout 1st Floor

This floor comprises an entertainment room and spacious dining area and kitchen. There is also a spacious first floor bedroom with ensuite bathroom.

2nd Floor

There are 4 spacious bedrooms (one in each wing) with a lounge or entertainment area at the end with a lovely south facing balcony. From this floor there is also a metal stairway leading to roof & sun deck.

3rd Floor

Roof / sun deck. Here there is potential for a further entertainment room or outside social area.

Ground level

Here there is a small self contained studio apartment with kitchenette / lounge / bedroom and bathroom. Outside there is a covered carport with ample space to park at least 3 cars. There is also a garage area and a space that was a games room - a huge space - This space offers potential for further development.

Central Staircase

The large central staircase with polished wooden bannisters dominates the entrance leading up to the bedrooms. All the floors are tiled. Glass bricks are used to increase interior light.

Exterior Space

There are mature palms at the front of the property and a large 4 car garage and spacious basement. The carport could be converted into a 3/4 bedroom apartment.

Modern, Well Equipped Kitchen

The kitchen is simple and modern featuring a gas oven and burners, plenty of workspace and tiled floors.

Cool, Relaxing Terraces

There are yards and yards of covered terraces and patios all facing the ocean and complimenting the existing spacious interior living space. There is a flat roof which could also be developed into an additional sun deck or pool space.

Solar Panels & Water Storage

There are 4 solar panels located on the roof and 2 water storage tanks.

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.


A Few Notes on Procedure & Purchase Costs

General Purchase Procedure:
1.    Prepare your documents for Alien Land Holders License (ALHL)
2.    Appoint a local Lawyer and provide them with your ALHL documentation
3.    Lawyer prepares ALHL application details in readiness.
4.    Find the property you like.
5.    Pre arrange with your bank for placement of a 10% deposit.
6.    Agree to purchase
7.    Sign Agreement of Sale contract and deposit 10% of purchase price in ESCROW account with the lawyer. 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 the ALHL is not issued (this is extremely rare).
8.    The lawyer makes the ALHL application and searches to check clear title on the property.
9.    ALHL is issued.
10.    Complete the purchase (your lawyer and the vendor's lawyer provide deeds of conveyance and you deposit the balance of purchase price).
11.    At this point the property is yours.


Alien Land Holders License (ALHL)

If a foreign national you must obtain an Alien Land Holders License from the Government.  This is applied for at the time of agreement of purchase, and on payment of the deposit.  The License is specific to the property and non-transferable.

An Alien Land Holders License is applied for through a local attorney, and the following details are required:

•    Date and place of birth
•    Copy of passport
•    Nationality
•    Bank reference
•    Police certificate of clear record
•    Address, current and for previous 5 years
•    Marital status
•    Occupation

Upon filling the application a fee of $931,306US will need to be paid to the St. Vincent Government, and the application takes approximately 10 to 14 weeks to be processed.

Once granted, the license is officially registered, requiring the following costs:

Value of Property
Cost
$37,445US & Below
$3,744US
$37,445US to $1,117,318US
$3,744US +5% of value in excess of $37,445US
Exceeding $1,117,318US
$39,149US + 3% of value in excess of $1,117,318US

There is also an annual charge of $2,500EC for holding the License.


Stamp Duty
Purchaser stamp duty is 5% of the property value and is paid on registration of the title deed.  The property value is determined by the government and is usually a little higher than the purchase price; unfortunately it is not possible to have a valuation prior to sale.


Legal Fees
The St. Vincent & the Grenadines Bar Association regulate the amount Lawyers can charge. Legal Fees for Properties $18,750US and above are:
$576US +1.5% of value in excess of $18,750US.  The Lawyers fee for ALHL application is $465US


Registration Fee
The cost of registering the title deed is $15US for the first $5,586US of sales price + $0.93US per $372US thereafter.


An Overview of Transaction Costs for the Buyer
Alien Land Holders License
4.00% to 10.00%
Legal Fees
1.50% to 2.00%
Registration Fee
0.25%
Stamp Duty
5.00%
Total Paid by Buyer
10.75% to 17.25%


(Note all prices stated are rounded & based on the standard exchange rate: $2.68EC = $1.00US.  This is a fixed rate, but may occasionally vary slightly)


Estate Agency Fees
Real estate fees are borne entirely by the vendor - no cost to you for our services which include provision of assistance through to completion - we work closely with architects, lawyers so we can provide recommendations and we provide complimentary office services for clients on island - communications are important to facilitate a successful purchase.

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