South Facing Land
South Facing Land
South Facing Land
South Facing Land
South Facing Land
South Facing Land
South Facing Land
South Facing Land
South Facing Land
South Facing Land

South Facing Land Union Island, UNION ISLAND, The Grenadines

$925,000 USD
Property Details

Property Details

  • 0 Bedrooms
  • 1 Bathroom
  • 3 Acres
  • 131226 Sq Ft
  • Excellent Kitesurfing Area
  • FOR SALE
  • South Facing
  • Stone & Timber construction
  • Excellent Potential
  • Ideal for vacation rental

131,226 sq ft Gently sloping parcel land 2 Villas & 1 Stone Cottage - Unspoilt South Facing Location

This parcel of land, just over 3 acres is gentle sloping and south facing offering fabulous views over Frigate Bay, Carriacou and across to Grenada. There are 3 existing properties, 2 villas and a stone cottage all in good condition and ideal as vacation rental properties.

Perfect for Development

This area is unspoilt and perfect for gentle development such as a small exclusive boutique style hotel or residence. Union is a tiny island, ideal as a stopping off point for sailors and one of the worlds best locations for kitesurfing

Union: Protected Harbours, Kitesurfing, Sailing & Snorkeling

A charming destination and a great base to pick up a mooring in one of Unions protected harbours and explore the natural beauty of the region, Union is a paradise for yachting enthusiasts, scuba divers and kite surfers in particular. On the south coast, Ashton Harbour is a sheltered, shallow-water lagoon that is protected by both Frigate Island and an offshore reef system. Frigate Island is actually an isthmus, linked to the main island by a narrow strip of sand and mangroves. Though much of Ashton Harbour is shallow, the western edge of Frigate Island offers an alternative anchorage for visiting yachts. The expansive Chatham Bay almost entirely fills the west coast of Union. This very pretty bay has a nice beach and offers peace and seclusion for visiting sailboats. Running along the northern coastline are Richmond Bay and Belmont Bay, both of which have white sand beaches.

Beaches, Amenities, Well Connected

The beaches are stunning that surround the island and often deserted. There are a good selection of bars, restaurants and stores on Union and a bus route that connects the majority of the island. Grenada, one of the islands nearby is one of the fastest growing tourist destinations. The new airport due to be completed this year will increase the volume of visitors to the area increasing the need for additional accommodation both long term residential and vacation.

Location

Villa Location

Union Island

The light is especially bright and clear on Union Island - surrounded by shallow crystal clear reef protected waters and with a magnificent anchorage at Clifton. This is a super stop for yachts and day guests too - flying into the small landing strip is a super experience. Union has some lovely restaurants and great local spirit. One local has even built his own island 'Happy Island' and you can join him for a tasty BBQ. The Tobago Cays are only a short sail away and from Union the other southern Grenadine islands are easily explored...Mayreau...Palm Island... Mopion...Petit St Vincent...Petit Martinique and Carriacou.

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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