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 Price : US$ 1,400,000 Type : Commercial - Hotels
Commercial - Resorts
REF : STK0016 
St.Kitts : Morgan Heights

SOLD
General Description



Condominium development with 5 existing 2 bedroom condos and planning permission for a further 10 condos in 2.8 acres of land.




In addition to the 5 existing condos, which each have a floor area of 1,322 sq ft, the sale of this property also includes the buildings and infrastructure listed below :-

St. Kitts Condo for Sale


Service Building     660 sq ft
Restaurant/Bar   3,412 sq ft
Swimming Pool     780 sq ft




The development includes a parking area and sits within landscaped grounds offering splendid views over the sea.





This is a perfect choice for someone seeking a major investment opportunity.



St. Kitts Condo for Sale

St. Kitts Condo 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% if applicable, (see below) and Legal Costs (approximate) 2%.

St. Kitts Alien Landholders License
An Alien Landholders License is not required for most properties in Frigate Bay and on some of the larger developments in St. Kitts, but is required for properties elsewhere on the island.  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 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.

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 23 Nov 2017