Friendship Bay French Cottage Friendship Bay, Bequia, The Grenadines

SOLD

Details
Location
All Photos
Plans
Guide

Property Details

SOLD
3 Bedrooms
1 Bathroom
0.29 Acres
12558 Sq Ft
Add a pool
Beachfront 150 yards
Beach 150 yds, Friendship Bay Beach
Idyllic location OUTSTANDING VALUE
Perfect for a pool
Peaceful island view through a coconut grove }
Flat
Garden
Online Viewing By Request
Parking

SOLD - Friendship Bay Beach Location

Friendship Bay Cottage is a nicely laid out single level property set in flat gardens, just 150 yards from the beautiful Friendship Bay Beach.It is also a 10 minute drive to the busy harbour of Port Elizabeth. The property is also within a short stroll of some of the island's best restaurants. This makes the cottage both a brilliant investment, and the perfect island hideaway.

Traditional Caribbean Charm & Construction

This lofted wooden dwelling includes the original stone estate cottage, and has lovely character. There is a lovely open plan style main living area, with a huge set of french doors that open out onto a broad shady wooden veranda. There is lots of greenery and space outside, making this a lovely area in which to entertain.

Welcoming Breeze

The cottage has wooden floors and lots of big doors and windows that let in a huge amount of light, along with a welcoming cool breeze. There are plenty of areas in which to enjoy meals though the kitchen is small there is plenty of work surface space. There are also two good sized bedrooms.

Successful Rental Property

Friendship Bay Cottage is currently successfully used as a rental property. There's also some real and exciting scope for development, with plenty of room for a swimming pool, or even an extension or some extra accommodation. There are definitely already some lovely features in place to work with, including the character of the cottage, and the lovely high ceilings. It also has a great balance of privacy and accessibility, with the seclusion achieved by being placed within the gardens, and the close proximity of bars, beaches and restaurants.

Friendship Bay Beachfront Land Available

This traditional caribbean cottage is located in a parcel of land that slopes gently down to Friendship Bay Beach. There is a plot of 50,000 sq ft available for sale located between the cottage and the beach, the land would have beach access.

Location

Villa Location

The Grenadines >
Bequia >
Friendship Bay

Friendship Bay

Hills encircle this fertile valley which opens to a beautifully long sweep of beach with southern views to Mustique and Bequia's southern Cays. Well connected by road to Admiralty Bay over the ridge. Friendship Bay enjoys a quietly established atmosphere with a great blend of local character and world class accommodation on this protected palm fringed bay. Hillside properties enjoy spectacular views accross the bay and out over the Caribbean Sea to the Atlantic Ocean beyond Mustique or to the Southern Grenadines beyond Isle a Quatre. There is an international restaurant on the beach and local roadside bars. Look for local working boats pulled up on the beach or anchored in this sheltered bay.

All Photos

Plans

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 $2,500 XCD will need to be paid to the St. Vincent Government. The application takes approximately12 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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To speak to us call: + 1 784 457 3739