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 Price : US$ 53,000 Type : Commercial - Commercial REF : DOM0200 

Dominica : Cork Street, Roseau


WITHDRAWN



Dominica Shop

 




Freehold shop for sale offering approx. 330 sq ft of retail space in a good location on a main thoroughfare and near to government offices.

Dominica Shop

The shop is located on the ground floor level of a building that has apartments above.

Dominica Shop

Included in the shop are a small washroom and to the rear of the shop in a communal courtyard is a storage area.

 

 

 

 

 

 

 

 

Both the windows and doors have been fitted with security screens.

Dominica Shop

The shop has been fitted with electrical power outlets to each wall and has an air conditioner.

Dominica Shop

The entrance to the shop is through a sliding patio door.

Dominica Shop


An interesting opportunity to purchase a freehold shop in a good location in Roseau at a budget price.


For further information on this property click on the Contact Us buttons at the top or bottom of this page.

 

Caribbean Property


Buying Property in Dominica

Alien Landholding License
Under a revision of the law in April 2008, all foreign buyers are required to pay an Alien Landholding fee of 10% of the property value to the Dominica government. Foreigner's buying more than 1 acre of land for personal use, or more than 3 acres of land for business purposes, are also required to apply to the government for an Alien's Land Holding License, which can take several months to process.

Dominica Transfer Fees
Transfer fees on real estate are payable by the purchaser and total 20.5% of the property value :-
10% alien landholders fee
4% stamp duty
2.5% judicial fees
1% assurance fund
3% legal fees

The seller has to pay 2.5% stamp duty on the market value of the land being sold.

Planning Permission
All new construction, changes to existing buildings, or changes of use, require planning permission. In most cases permission is granted within 8 weeks of making an application.

The entire buying process is relatively simple and often purchases of homes or small parcels of land not requiring the approval of an Alien Landholders License, can be completed in a matter of one to two weeks. Where an Alien Landholders License is required, the buying process can usually be completed in 4 to 6 months

For further details, CLICK HERE or on the button on this page buying in Dominica

 

 

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Last Updated On 15 Oct 2018