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 Price : US$ 2,500,000 Type : Commercial - Hotels
Commercial - Resorts
REF : STK0013 
St.Kitts : Basseterre

SOLD

 
St. Kitts Plantation Hotel for Sale


A small resort comprising a Great House, dating back to 1720 and twelve 2 bedroom cottages, all set within 5.6 acres of grounds and with lovely views over the countryside to the sea.


The Great House is a two storey traditional French Estate House, with a stone basement and large verandah.

St. Kitts Hotel for Sale

The resort has a swimming pool with a concrete deck for sunbathing and also a small bar.

St. Kitts Hotel for Sale

 
There are several stone outbuildings and also some partial stone ruins on the property.




The resort is ideally located approx. 10 minutes from Basseterre and about 15 minutes from the beach


 

St. Kitts Hotel for Sale

The property requires renovation, but has serious potential, particularly as it is one of the few remaining original French Estate homes on the St. Kitts.

St. Kitts Hotel for Sale

 

Buying Property in St. Kitts

St. Kitts Property Closing Costs
The total closing cost of a property purchase in St. Kitts is generally 12% of the purchase value of the property, comprising : Alien Landholders License 10% and Legal Costs (approximate) 2%

St. Kitts Alien Landholders License
The cost of the Alien Landholders License in St. Kitts & Nevis is 10% of the total purchase price of the property, plus approx. 2% legal costs for an attorney to prepare and submit the application. The license is usually issued within 4 to 6 weeks of it's submission to the government, but can take longer if there are any complications, or if the property covers a substantial acreage.

Building Commitment
The Alien Landholders License generally requires that a building be constructed within a 2 to 3 year period of the license being approved. Certain areas within Frigate Bay are exempt from this requirement.

Please click on the St. Kitts Info button or the Buying in St. Kitts to find more information on how to buy property in St. Kitts.

 

 

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Last Updated On 18 Nov 2017