Villa Fountain Fountain, ST. VINCENT, Saint Vincent
- 4 Bedrooms
- 2 Bathrooms
- 0.24 Acres
- 2241 Sq Ft
- FOR SALE
- Extremely Well Maintained
- Room for Development
- Can Come Furnished
- Tropical Valley Views }
- Gently Sloping
Villa Fountain Fountain, Saint Vincent St. Vincent & the Grenadines
10,379 sq ft / 0.24 acre plot A two level concrete house with gross floor area of 2241 sq ft
Villa Fountain Summary
A 4 bedroom 2 bathroom property with room for development below, set on gently sloping land.Excellent condition, very well maintained family residence in quiet upscale neighbourhood, with tropical valley views. Good location within a 5 minute drive to Arnos Vale / 10 minutes to Villa / 15-20 mins to Argyle International / 10-15 minutes to Kingstown.
Located in the residential area of Fountain on the Southern coast of the island of St Vincent.This area continues to display an increasing level of market demand for owner / rental occupation due to it's proximity to essential services and neighbourhood characteristics
Living Spaces on the Upper level
The 2014 sq ft upper level contains the main living area, 4 bedrooms and separate study room. Access via front door up a flight of stairs to reception/waiting area - front facing balconies either side.Leads to spacious lounge with study room at the back (could be converted to a 5th bedroom).The left wing contains the master bedroom with ensuite bathroom, and a 2 additional bedrooms with shared bathroom. Large well equipped kitchen to the rear and side of lounge with Dining room and 4th bedroom on the right wind and steps to garden.
Fully Equipped Kitchen
Modern kitchen with 5 hob electric stove / new US style fridge/freezer with water dispenser and ice maker (purchased new in 2016), separate up standing freezer, dishwasher, coffee maker, kettle, toaster, cake mixer etc
Room for Development on Lower level
The lower section of Villa Fountain is open for development - 227 square foot available for a garage or a studio apartment etc.This section also contains the laundry room, storage area with staircase and verandah.
The property comes with architectural plans for a 2 bedroom apartment with garage for this lower level.
Neighbours either side have developed their downstairs to rental units to accommodate medical students.
Roof - Factory painted galvalume sheets Ceiling - Suspended sheetrock & ply Floor - Reinforced concrete slab with ceramic tiles Walls - Concrete blocks, plastered and painted Windows - Panel Doors - Panel
6 units in total: - 1 in each of the 3 main bedrooms on the left wing - 1 in lounge - 1 in kitchen - 1 in Dining room
Dual voltage & Solar Heater
An incredibly useful feature is wired 110 + 220v plug sockets for both UK and US plug sockets.The property also has a solar heater installed.
Fixtures & Furnishings
Furnishings could be available through negotiation.
The property contains a mature tropical garden with lawned area to the rear as well as planted front and sides.There is also a side garden with fruit trees - lime, mango, cherry, orange, breadfruit and coconut palms.
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
- 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
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 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.
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.