Caribbean Woods Building Supplier
Caribbean Woods Building Supplier
Caribbean Woods Building Supplier
Caribbean Woods Building Supplier
Caribbean Woods Building Supplier
Caribbean Woods Building Supplier
Caribbean Woods Building Supplier
Caribbean Woods Building Supplier
Caribbean Woods Building Supplier
Caribbean Woods Building Supplier

Caribbean Woods Building Supplier Ocar, BEQUIA, The Grenadines

$1,475,000 USD
Property Details

Property Details

  • 0 Bedrooms
  • 1 Bathroom
  • 0.46 Acres
  • 19885 Sq Ft
  • FOR SALE
  • Profitable & Stable business
  • Established
  • Room for Development

Profitable and stable business - supplying the best quality of wood in the region, focusing on hardwoods, fixtures & fittings. Reliable supplier network and established client base. Operating from leasehold land at just under 0.5 acres.

Buildings and infrastructure started in 2002, with on site holding stock approx 1.3 Million XCD, with a turnover every ~9 months.

Potential to further expand the business with the option of leasing adjoining land - such as cement and steel.

Lease Agreement

9 years remaining on current lease - with a view to extend.  Landowner has a 20ft right of way along the fence.All else including roads / infrastructure belongs to the business.

Fixed Assets

  • Galvanize + steel racks
  • Lot 2 + Big Warehouse
  • Office, store and woodshop building
  • Paved roads and walls
  • Property maintenance and improvements
  • Security equipment
  • Shop machinery and tools
  • Storeroom 1
  • Storeroom 2 + Managers Office
  • Forklift
  • Woodshed 1
  • Woodshed 2
  • Woodshed 3
  • Woodshed 4 (along fence)
  • Woodshed 5 (small after no 3)
  • Woodshed 6 (upper lot no 2)

Machinery

  • Paint mixer
  • Photocopier
  • Computers
  • Heavy duty table saw
  • Cast iron planer
  • Joiner
  • Bandsaw
  • Radial arm saw

Vehicles

Forklift Truck

Retail

75% of business revenue is through lumbar sales, most popular hardwoods selling:Greenheart, Sapele Mahogany (African wood), Yellow Pine from USA, Pine - Plywood and Hardwood.

25% retails sales via store on top level of wooden building

  • Paints
  • Paint thinners
  • Brushes
  • Varnish
  • Sandpaper
  • Screws
  • Nails
  • Steel rebar
  • Hinges
  • Drill bits

Turnover

Price includes holding stocks, the owner keeps an inventory of about 1.3 Million XCD which turns over every 9 months or so, equating to about one third of the sale price. Books / accounts available on request.

Staff

6 full time staff are employed: 2 x cashiers 1 x book keeper 3 x yard men

Location

Villa Location

Ocar

On the North shore of admiralty Bay two local villages sit dreamily on the shore, here you can stroll in the road. On the south facing hillside there are uninterrupted commanding views of the whole bay all the way to West Cay. Down by the beach are the Model Boat Shops and Sail Makers lofts, some sandy bars with live music in the evenings and local rum shops. There is a wooden jetty & Tradewinds Marina with one of Bequia's great restaurants right by the water's edge.

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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