Admiralty Bay View Land Ocar, Bequia, The Grenadines

$144,431 USD

Details
Location
All Photos
Plans
Guide

Property Details

FOR SALE
0.47 Acres
20633 Sq Ft
Ideal for villa construction
Gently sloping land
Concrete Road Access
Stunning Bay Views
Outstanding Development Potential
Garden

Admiralty Bay View Land Ocar Bequia 20,633 sq ft Panoramic Bay Views

This land, just under half an acre, is located in Ocar, a sloping parcel of land that provides a wide open panoramic view across the stunning spectacle of Admiralty Bay.

Access & Utilities Already in Place

There is a concrete road providing access to the plot and another unmade road leading to the north side of the plot.There are also electricity poles already in place at the plot.

Outstanding Development Potential

The area is relatively undeveloped and a prime position for the construction of a residential or vacation rental property, particularly for visitors to Bequia who arrive by boat.

Investment: Ideal Location for Rental Property

The potential for rental income is excellent as the location offers access to the bay and beaches, proximity to all the bars and restaurants and dive shops whilst also being private and elevated away from the main tourist area. Its elevated position encourages a steady flow of refreshing windward breezes and helps reduce the impact of mosquitos.

Close to 2 Restaurants, Deli & Bakery

Coco's Place and L'Auberge des Grenadines, 2 established Bequia restaurants have recently relocated to the Ocar area. At the bottom of the hill there is a delicatessen and bakery, all within a 5 minute walk from the plot.A further 10 minute walk takes you into the main harbour town of Port Elizabeth which boasts a range of bars and restaurants to suit all tastes and pockets.Here you will also find the market selling fresh fruit and vegetables, various shops, two banks and the petro station.

Location

Villa Location

The Grenadines >
Bequia >
Ocar

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.

All Photos

Plans

Buyer's Guide

Buying a property in St.Lucia where there is a tax haven with no VAT, no capital gains tax, no inheritance tax and no estate tax makes a great deal of sense. St.Lucia is one of the worlds top destinations for weddings and honeymoons making a holiday rental property potentially lucrative. St.Lucia has really embraced the worldwide taste for health spas with the first St.Lucia Health & Wellness Retreat, supported by the government and private businesses, being established and opening soon on the island. Being one of the most accessible islands in the region with the lowest crime rate St.Lucias affordable properties offer an ideal opportunity for investment. Comparable in many ways to neighbouring Barbados but with house prices ranging from 40-60% lower this beautiful island should not be overlooked as an investment opportunity.

With a total land area of just 620 sq miles St.Lucia, often called "The Helen of the West Indies" because of its natural beauty, sits in the ocean like a shimmering jewel. Pristine white sandy beaches, tropical forest populated by rainbow-plumed birds and acres of orchards filled with sweet smelling tropical fruits such as mango, papaya and banana are crowned by the islands twin peaks the Gros & Petit Pitons.

How to buy St Lucia property

There are certain rules and regulations you must comply with as a non domicile of St Lucia in order to purchase a St Lucia property. For instance, you will need to apply for an Alien Landholding Licence. Generally the cost of purchasing a property on St Lucia will come out at between 6-8% on top of the purchase price. This will cover stamp duty, the Alien Landholding Licence, Treasury receipt, legal costs and registration fees. If you are taking out a mortgage, lenders tend to charge a set-up fee.

Alien Landholding Licence

Foreigners must apply to the Ministry of Planning for an Alien Landholding Licence which costs EC$1,500, is non-refundable and does not need renewing. The process takes up to 16 weeks as the application is vetted by the Physical Planning Office of the Ministry of Physical Development, Environment & Housing, approved by the Prime Ministers Office and finally by the Office of the Attorney General.

Your locally appointed lawyer will make the application for the Alien Landholding Licence on your behalf. Along with your completed application you will need to provide the lawyer with the following information:
• Certificate of character for each applicant (from your local police station)
• A bank reference
Your CV
• A copy of your passport data page
Full set of fingerprints (from your local police station)
Statutory declaration
• 4 passport size pictures of each applicant
• Full details of the proposed property or land purchase (including a survey plan and land register of the property (from the Vendor) and a value assessment of the land or property (although the value assessment may not be necessary
• Receipt proving payment of application fee
• Initial approval from the Development Control Authority (this may not be necessary.

In addition to the application fee for the Alien Landholding Licence, the following fees are applicable depending on the land area of your property:
Land Area (in acres)/ Price (in EC$)
Under 1 $5000
1-10 / $10,000
10-20 / $20,000
20-50 / $30,000
50-100 / $40,000
100+ / $50,000

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