26 Terracotta Terrace, Cotton Bay Village Cas En Bas, ST LUCIA, St Lucia
- 3 Bedrooms
- 5 Bathrooms
- 0 Acres
- Plunge pool
- FOR SALE
26 Terracotta Terrace Cotton Bay Village Cas En Bas, St Lucia Location & Cotton Bay Village
Cotton Bay Village is an unparalleled development on the North Eastern coast of St Lucia. Consisting of 74 luxury villas and apartments, restaurants, a spa and spacious swimming pool, all just off from the beautiful white sand and turquoise waters.
26 Terracotta Terrace is a short 5 minutes drive from the nearest shops, banks etc. St Lucia Golf and Country Club is right next to the village and a world class resort management company is in place operating a rental program for the development.
There is direct access to all the amenities at Cotton Bay Village, with a local service/maintenance charge of $1000 USD per month to keep the Penthouse Suite and local environment in perfect shape.
A great range of dining can be enjoyed, with the outdoor Dining area, a separate covered area and a breakfast bar located in the beautifully furnished kitchen. The living area is an open environment next to the kitchen and has comfy sofas and chairs for relaxing in doors.
The outside areas include a garden with sun deck and private swimming pool, dressed with luxurious furnishings. The master bedroom balcony overlooks the garden and swimming pool and there is also a second balcony and a top deck with a private sun terrace and Jacuzzi located on the rooftop.
- Large Communal Pool
- Beach access
- Gated community with security
- Company Sale
- Private Parking at the front for one car
Terracotta consists of three elegantly furnished bedrooms, each with en-suites and air conditioning.
The ground floor bedroom is furnished with two twin beds, television and closets, and has it's own private entrance perfect for some privacy.
On the second floor is the master bedroom which houses a four poster mahogany bed and two closets. The en suite is finished with a marble surround and a powerful shower unit. Sliding doors open out onto the large private balcony overlooking the garden and private pool.
Also on the second floor or the third bedroom. Another comfortable King size room with its own en suite, two closets and television. The second balcony is accessed by the room's private louvered doors.
Further Room on the Top Floor
On the top floor is a large room which could either be used for storage, or converted into an office, a cloakroom with w.c and w.b. and a roof terrace.
Terracotta uses an eclectic blend of furnishings; from painted french furniture, use of traditional mahogany and modern metal designs through to colonial plantation styles, expressing both elegance and style.
Approx. US$1,015 per month to include lighting & cleaning of common areas, refuse collection, building maintenance, security, water and cleaning off both communal pool and plunge pool.
Currently approx. US$2,081 per annum.
Buying a property in St.Lucia where there is a tax haven with no VAT, no capital gains tax, no inheritance tax and no estate tax makes a great deal of sense. St.Lucia is one of the worlds top destinations for weddings and honeymoons making a holiday rental property potentially lucrative. St.Lucia has really embraced the worldwide taste for health spas with the first St.Lucia Health & Wellness Retreat, supported by the government and private businesses, being established and opening soon on the island. Being one of the most accessible islands in the region with the lowest crime rate St.Lucias affordable properties offer an ideal opportunity for investment. Comparable in many ways to neighbouring Barbados but with house prices ranging from 40-60% lower this beautiful island should not be overlooked as an investment opportunity.
With a total land area of just 620 sq miles St.Lucia, often called "The Helen of the West Indies" because of its natural beauty, sits in the ocean like a shimmering jewel. Pristine white sandy beaches, tropical forest populated by rainbow-plumed birds and acres of orchards filled with sweet smelling tropical fruits such as mango, papaya and banana are crowned by the islands twin peaks the Gros & Petit Pitons.
How to buy St Lucia property
There are certain rules and regulations you must comply with as a non domicile of St Lucia in order to purchase a St Lucia property. For instance, you will need to apply for an Alien Landholding Licence. Generally the cost of purchasing a property on St Lucia will come out at between 6-8% on top of the purchase price. This will cover stamp duty, the Alien Landholding Licence, Treasury receipt, legal costs and registration fees. If you are taking out a mortgage, lenders tend to charge a set-up fee.
Alien Landholding Licence
Foreigners must apply to the Ministry of Planning for an Alien Landholding Licence which costs EC$1,500, is non-refundable and does not need renewing. The process takes up to 16 weeks as the application is vetted by the Physical Planning Office of the Ministry of Physical Development, Environment & Housing, approved by the Prime Ministers Office and finally by the Office of the Attorney General.
appointed lawyer will make the application for the Alien Landholding
Licence on your behalf. Along with your completed application you will
need to provide the lawyer with the following information:
• Certificate of character for each applicant (from your local police station)
• A bank reference
• A copy of your passport data page
Full set of fingerprints (from your local police station)
• 4 passport size pictures of each applicant
• Full details of the proposed property or land purchase (including a survey plan and land register of the property (from the Vendor) and a value assessment of the land or property (although the value assessment may not be necessary
• Receipt proving payment of application fee
• Initial approval from the Development Control Authority (this may not be necessary.
In addition to the application fee for the Alien Landholding Licence, the
following fees are applicable depending on the land area of your
Land Area (in acres)/ Price (in EC$)
Under 1 $5000
1-10 / $10,000
10-20 / $20,000
20-50 / $30,000
50-100 / $40,000
100+ / $50,000