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 Price : US$ 240,000 Type : Commercial - Farms
Land - Waterside
REF : DOM0186 

Dominica : Stonehill, Belles

 

 


Dominica Farm

 




16 acres of land with a stream and waterfall ideal as a small farm, eco resort, or the ultimate get-a-way home.

Dominica Farm

This land is presently cultivated with mainly bananas.  There are also some citrus fruit trees, avocado, pear trees and a cinnamon tree.

Dominica Farm

There is also a sturdy two storey masonry building on the land that could be converted to a small dwelling house or incorporated into a larger home.

Dominica Farm

A track leads form the public road to the house.

Dominica Farm


The property also includes a number of outbuildings.

Dominica Farm

This land is very private and borders with the Dominica Forest Reserve and several other farms.

Dominica Farm

There are no public utilities nearby and therefore the new owners would need to consider alternative power sources such as solar panels for electrical power.

Dominica Farm

Dominica Farm



16.1 acres of farm land with a small stream and waterfall, plus a pretty bathing area, ideal as a small farm, eco resort or as the ultimate get-a-way home.
 

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



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