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 Price : US$ 2,000,000 Type : Commercial - Resorts
Commercial - Land
Commercial - Commercial
REF : DOM0210 
Dominica : Picard Marina Development                            WITHDRAWN                                       Dominica Marina


5.4 acres of beachfront land that is bounded by a river, and has outline planning permission for a marina and resort development, located next to Ross University.

Dominica Marina



The land is ideal for a marina and resort development, being located on the beachfront at Picard, just a one minute walk form Ross University, 45 mins. drive from Melville Hall Airport, Canefield Airport and Roseau.

 

Dominica Marina

Dominica Marina

Approval has been given for the marina to be constructed in the sea, leaving the 5.4 acres of land available for a marina facilities and a resort.  There is also an option to include a further 3.3 acres of adjoining land, should this be required.

 

 

 

 

The concept design is for a marina with finger piers, that will provide space for 40+ yachts and boats.

Dominica Marina

Dominica Marina


The project design is fully completed and tax incentives for the project have been agreed with the Dominica Government.  Hydrographic and bathymetric surveys have been completed and wave and marina studies undertaken by a leading regional marina consultants / specialists from Canada.

Dominica Marina


The resort portion of this development will provide 5 two bedroom villas, 6 three bedroom villas and 45 apartments ranging in size from studio to penthouse.

 

Dominica Marina

The land is easy to develop, being generally flat, with grass and small trees and with all mains utilities located nearby.

 

With much work already done, the new marina owner will be purchasing not just the land, but also a range of studies, drawings and necessary documents and approvals, plus a design team who have worked on the project and are ready to be employed for further development, or ammendments to the design, to suit the owners wishes.

Dominica Marina

Dominica Marina


An ideal opportunity to purchase 5.4 acres of beachfront land with outline permission for a marina and resort development, and with hydrographic and bathymetric surveys and much of the design work completed.  The marina will provide dock space for 40+ yachts/boats, whilst the resort will provide 5 two bedroom villas, 6 three bedroom villas and 45 apartments ranging in size from studio to penthouse.


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

 

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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 20 Oct 2018