US$ 250,000
Property Sales
Long Bay, St. Peter


VERANDAH RESORT & SPA - VILLA 261
Property Sales
US$ 250,000
1
1
Highlights
Caribbean Sea View
Swimming Pool
Features
- Beachfront property with excellent facilities
- Excellent design and construction with modern stylish decor maintained by Verandah Resorts Limited
- Each villa can sleep four
- Normal room rates in Verandah Resort and Spa average $ 640 per night
- Appeals to foreign buyers who require personal use of between 2 to 6 weeks in the year with guaranteed return for the rest of the year
- Significant tax breaks over conventional real estate transactions, by investment in a preferred share in the resort assigned to a specific villa
- No rental income with-holding tax, normally 25%
- Non-citizens shareholders license is US$ 2,500 approximately as opposed to US$ 8,000 (5% of the property's value)
- Guaranteed income of US$ 6,400 (minimum) plus 1/3 x 1/160th of annual retained earnings of Verandah Resorts Limited tax free
- No property management fees, typically 10%
- No property insurance, typically 1-2%
- No residential property tax
- No management charges
- No land value appreciation tax, normally 5%
- No capital gains tax
- No monthly out of pocket expenses associated with other types of real estate investment
- Property should command premium prices because of beach front location, exclusive setting and complete package offered to investors
Amenities
1 Bedroom
Caribbean Sea Views
Private Swimming Pool
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