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Associations: Wexas and the Association of International Property Professionals (AIPP), Local property Index

Development opportunity prime west coast plot

Development opportunity prime west coast plot, Lower Bay, Bequia. St. Vincent and the Grenadines (f)

Price: US$ 300,000

Acres: 0.65 acres

7 bedroom apartment property | 3 separate buildings | 50m from the beach| commanding panoramic views | a development opportunity on the west coast of Bequia.

Status: For Sale

Property Details

Property Details:

 

  • 0.65 acres. (28141 sq ft)
  • 5338 sq ft building size
  • 3 concrete buildings w/ galvanised roofs.
  • 7 bedrooms with bathrooms.
  • First building is a detached building which accommodates a restaurant area with bar
  • Second building is a one and a half storey building which accommodates 4 en suite bedrooms and a store room
  • Third building is a one and a half storey building which accommodate 3 one bedroom apartments
  • Office areas.
  • Commanding west coast views
  • 50 meters to Lower Bay Beach.
  • Wonderful mature fruit trees, palms and tropical blossoming plants.
  • The location is supplied with electricity, cable, telephone and a good access road.
  • Investment Benefits:

     

    • Tax free status on foreign income, capital gains, gift, wealth and inheritance tax.
    • Project can apply for 10 years taxes free concession.
    • Project can apply for 10 years concession on all imported duty and is VAT free.
    • In St. Vincent and the Grenadines the market is free and open to everyone and any nationality may purchase and hold land.
    • International entities registered in St. Vincent and the Grenadines are not subject to taxation.
    • There is freedom to repatriate capital and profits up to USD 100,000.Amounts exceeding that sum require approval before repatriation, which is usually given.
    • There are no exchange controls on current transactions under USD 100,000.
    • Since the country is a British Dependent Territory, all necessary infrastructures are in place and political stability is ensured.
    • The Land Registry insures that your title is guaranteed by the Crown and is registered with the government.
    •  

    Profit drivers:

    • Add a swimming pool
    • Add pergolas and gazebos
    • Add Bequia style stone facing skirting around each block (see images above)
    • There is demand for accommodation stock on the west coast which is not currently met.
    • In this neighbourhood residential and commercial properties exist. It is built up with mainly high and middle income local and foreign families. There is a high level demand for properties in the neighbourhood.
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Destination Information

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DISCLAIMER: For clarification we wish to inform prospective purchasers that we have prepared these sales particulars as a general guide. We have not carried out a detailed survey, nor tested the services, appliances or specific fittings. Room sizes are not to be relied upon for carpets and furnishings. If these are important matters which are likely to affect your decision to buy, please contact us before viewing the property.

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Grenadine Escape is a trading name of Grenadine Escape Ltd.
Registered office: 5th Floor, Kinnaird House, 1 Pall Mall East, London SW1Y 5AU. Registered number: 05141271.