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Other Considerations
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| Features: Pool, Terrace / Deck | ||||||||||||||||
| Amenities: Sea View | ||||||||||||||||
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Description: Stunning, picturesque views towards St. Kitts. We have acquired an initial 16 acre site overlooking Cades Bay, in the parish of St Thomas. The site enjoys uninterrupted views over the surrounding lowlands out towards St Kitts and the ever changing hues of the Caribbean Sea. The beautiful, quiet and very desirable beaches of Nevis are just a stones throw away. We propose to site 20 new Nevisian style Villas, Restaurant and Health Spa. The detached dwellings will enjoy individual pools with views out towards St. Kitts and magnificent sunsets to the West and with the imposing backdrop of Mount Nevis. There will be a single point of entry onto the development from the access road which leads directly to the main road that circumvents Nevis. Within the villa complex, there will be mixed indigenous shrubs and specimen trees providing each villa with a high degree of privacy while avoiding isolation. The individual garden lawns will be cut out of the scrub and peripheral shrubberies will be introduced around the open areas. In this way, a series of random green rooms will be created. The use of these green rooms will allow residents to enjoy an extension of their home into the outside environment without the loss of privacy or sense of place. Our villas will be built utilising modern construction techniques in the local style, thus exemplifying the traditional effect and scale of old Nevisian homes. Each villa will be surrounded by a veranda on three sides and will comprise of one en-suite master bedroom, enjoying triple aspect fenestration, two further en-suite bedrooms, open plan living/kitchen-dining area, and private infinity pool. The development will be child friendly as vehicles will be limited to the access road. Each villa will have an individual car parking space outside. Buying Property in Nevis Nevis Alien Land Holder's License. A foreign national who wishes to acquire real estate on Nevis will need to apply for an alien land holding license, as stipulated by the Alien Land Holding Regulation Act Cap. 102. If the person is seeking to become an economic citizen of St. Kitts & Nevis, the acquisition of real estate that qualifies for this purpose is limited to selected developments. See St. Kitts Economic Citizenship. Title Deeds There are two different systems of transferring and showing proof of ownership to real estate. Under the British deed system inherited from the colonial period, title to property can be transferred with a deed in accordance with the Conveyancing and Law of Property Act, which requires a search at the Registry of Deeds for upwards of 35 years. A second option is to acquire property by means of a Certificate of Title based on land surveying plans and subsequent entry in a title register on the basis of the Title by Registration Act. The acquisition of title to property via a deed is less secure because the deed applies only to the seller and buyer and does not preclude a third party from asserting a better title. A valid property title can be acquired only if the basis of the current property title can be demonstrated to go back 35 years by submitting proof of an unbroken ownership chain. A Certificate of Title is preferable to a deed. A title certificate gives the buyer a government guarantee and also displays all encumbrances, such as mortgages, on the property. If a property is acquired by means of a deed, the buyer or owner may subsequently request registration under the Title by Registration Act at any time by applying to the Registrar of Titles. St. Kitts & Nevis is a small country in which lawsuits concerning disputes of ownership title to property are very rare. Before every acquisition, a lawyer will naturally check whether the ownership title is correct and unencumbered, and any problems will usually come to light in the course of these enquiries and resolved in advance. Buying Costs Various acquisition costs are payable when buying property. Whilst there is no purchase tax in Nevis, there is a 0.5% contribution to the National Assurance Fund. These are contributions to a title assurance which is a legal requirement on St. Kitts & Nevis. The preparation of plans costs about another US$300 and the mandatory lawyer will charge a conveyance fee of about 2.5% of the purchase price. Accordingly, the total real estate acquisition costs amount to approximately 3% of the purchase price. All furniture and fittings can be imported duty-free. The Controller of Customs assesses the annual rental value of the property and a 5% land tax is levied annually on this rental value. However, in most cases that tax does not amount to more than about US$1,000 per year. No other running taxes are due. If the property is rented, any rental income is tax-free for the owner. In the event of a sale, there is no capital gains tax to pay either. The tax system on St. Kitts & Nevis is also financially interesting to those who wish to become resident there. This is because income is not taxed and there are no wealth taxes either. |
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