Happy Magnet Villa Lance aux Epines, Grenada Island, Grenada

$4,000,000 USD

Details
Location
All Photos
Guide

Property Details

FOR SALE
8 Bedrooms
8 Bathrooms
1.7 Acres
Room for Pool
Large Property
Tennis Court
Fully Furnished
Garden
Online Viewing By Request
Parking

A 5 bed house and 3 bed cottage
Full sized tennis court
Sold furnished
Live in maid quarters
Well manicured garden

Happy Magnet is a modern home found in the south of the island and sits on 74,456 sq. ft. of prime residential land. The main house has 5 bedrooms with 5 bathrooms, powder room, kitchen, dining area and spacious living room. There is also a storage room and a self-contained maid's apartment. The cottage offers 3 bedrooms with 3 bathrooms. There is a full sized tennis court located in the gardens.

The property can be used for as a family home ,vacation property or for rental. Happy Magnet is well maintained with adequate storage and large cisterns underneath the foundation of both buildings. Property is beautifully landscaped and a variety of local fruit trees and shrubs.

Happy Magnet is being sold fully furnished.

Features and Amenities

Well Maintained
Fully Furnished
Driveway
Air Conditioning
Near Beach
Fenced Yard & Garden
Solar energy
Water Supply - Cistern / Tank

School(s)
Shopping
Golf Course
Fitness Center
Tennis Courts
Church
Elementary School
Park - Green Area
University
Public Transportation
Restaurants
Marina

Location

Villa Location

Grenada >
Grenada Island >
Lance aux Epines

Lance aux Epines

This area along the south coast of Grenada is a quiet area with small beaches. To the west of Lance aux Épines is Prickly Bay, a popular yachting anchorage.<br><br> A very quiet, upscale residential area with gently sloping land down to the bays. This is a peaceful Grenadian location. <br><br>Not far from the Airport and to the South of the Colourful and historic Capital of St Georges

All Photos

Buyer's Guide

Grenada & Carriacou - Property Buying Information

Grenada is predicted from current indicators to be one of the fastest growing Tourist destinations in the Caribbean over the next few years.

Supporting You through the Process

The sale process can easily be handled remotely from the UK, US or Canada. Most of our previous purchasers have visited the island and then proceeded with the sale remotely, visiting once more after the property has exchanged. Our team are on hand to assist with the purchase process as you go forward.

Alien Land Holders Licence

All foreign nationals wishing to purchase property in Grenada must apply for an Aliens Land Holding Licence, which is generally a simple process handled by the buyers attorney, once the licence has been issued 10% of the purchase price must then be paid to the government. Before the licence is issued the buyer must provide bankers reference letters, character & police references.

Time Scale

It normally takes 2-3 months for legal process and the sale to close. All can progress smoothly without the need for the buyer to be on the island.

Legal Matters

The purchaser appoints a Grenadian attorney to search the register and establish title to the property prior to the completion of sale to ensure that there are no encumbrances, charges, encroachments or other impediments to the sale. We can provide you with a set of recommended Grenadian attorneys upon request.

Guide to Buyers Closing Costs Legal Fees

Approximately 2% of the purchase price

Stamp Duty

Approximately 1% of the purchase price

Alien Landholders

10% of purchase price

Sellers Legal Fees

Approximately 1% of the purchase price

Property Transfer Tax

5% of the purchase price for nationals and 15% for non nationals

Real Estate Commission

This is normally 5% of the Purchase Price

Property Title

The majority of property in Grenada is owned fee simple, however property in Grenada may also be held on long lease from private individuals, which are normally 99 years or the unexpired term in the case of an assignment of a lease. A purchaser of such a leasehold interest will enjoy all the benefits of an absolute title for the duration of the lease. Lease can be renewed for usually a fairly small fee and the legal process is straightforward - the renewal can be done once the property is purchased.

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