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PRIVATE ISLAND Isle A Quatre

Isle a Quatre - GRENADINES

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54M USD
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PRIVATE ISLAND
Isle a Quatre


Location


Quatre Isle, also known as Isle a Quatre, is located at 12.57 degrees north, 61.15 degrees west in the independent country of St.Vincent & the Grenadines, a multi island state located to the south of the Caribbean archipelago 160 km west of Barbados.

Area and Dimensions


The surface area of Quatre Isle is approximately 376 acres. The length of the island is approximately 3 km (1.86miles) and varies in width between 250 m to 975 m. The coastal length is approximately 9.85 km (6.12 miles)allowing for a great number of properties to have direct coastal frontage. The highest point is approximately 146 km (479 ft) above mean sea level.

Air & Sea Access


St.Vincent currently does not have an international Airport, although plans are in place for a new airport to be built this year, whilst the principal in transit airport is Barbados with connecting flights to Bequia (J F Mitchell Airport). The proximity of this airport to Quatre Isle is a major advantage, as it will provide easy access.The jetty in the village of Paget Farm, Bequia offers easy access to Quatre Isle. It will be restored and used as the main point from which Quatre Isle will be serviced, taking only 20 minutes by boat in sheltered waters to access the island.

Link to more images:
www.flickr.com/photos/isleaquatre/4307513262/in/photostream/
PRIVATE ISLAND Isle A Quatre

Special Tax Concessions

  • No customs charges
  • Right to permanent residence
  • Exemption from taxation on worldwide income & capital gains
  • VAT on rental income

Air/ Sea Access

Isle a Quatre is a short boat journey from Bequia and an exhilarating sail to Mustique or Canouan. All the islands are only a few minutes by light aircraft. The nearest airports are Bequia, Mustique and Canouan for direct scheduled and private flights to Barbados, St.Lucia and Martinique.


Island History and Future Potential

Isle a Quatre has been owned by the Mitchell family for over 100 years. Isle a Quatre is currently a Marine reserve, and in April 2007 a 100 million US Quatre Isle Resort Deal was signed. The Resort was planned to comprise fifty luxury Villas, as a multi-facility resort, to contain; Marina and Sporting facilities, a Boutique hotel and a first class restaurant. This plan is just one example of the huge amount of potential that Isle a Quatre holds for a buyer.

This stunning island would make for a fantastic investment, as it seems to have it all - elevated hillsides for stunning views, pristine white sandy private beaches, and expansive spaces in which to make some exceptional developments. See concept images in gallery above.


Tax Holiday, Incentives & Exemptions

Following the successful Mustique and Canouan models, an Act of Parliament provides for substantial and compelling arrangements - a 20 year tax holiday, incentives, exemptions and residency for the purchaser, company and investors. Conditions include the establishment of a high quality private island environment with boutique hotel, villas and infrastructure. In preparation for the sale a holding company with limited liability has been set up, Quatre Isle Resort Ltd. It has never traded and has no liabilities. With the legal framework in place, the greater part of the island is offered for sale for the creation of a sustainable and successful private island resort.

GRENADINES
There are 32 islands and cays that make up St. Vincent and the Grenadines (SVG). Nine are inhabited, including the mainland St. Vincent and the Grenadines islands of: Young Island, Bequia, Mustique, Canouan, Union Island, Mayreau, Petit St Vincent and Palm Island.
Map
PRIVATE ISLAND Isle A Quatre
PRIVATE ISLAND Isle A Quatre
PRIVATE ISLAND Isle A Quatre
Buyers Guide

The entire process can be handled remotely - ie while you are in the UK.

Purchase procedure:

1. Make your offer for your chosen property through us. We present your offer, and work to bring the sale to an agreement with the owner.

2. Appoint a local Lawyer to handle your purchase (list of recommended lawyers can be provided upon request) exchange contact details and discuss the purchase arrangements, as you wish.

3. Sign Agreement of Sale & deposit 10% of purchase price in ESCROW account with the lawyer.

The Agreement of Sale Contract is prepared by the lawyer for approval by both parties, before being finalised and signed by both parties. This is a binding agreement, the only circumstances where you would retrieve the deposit would be if:
- the seller fails to perform (for example if there was not clear title)
- or if your ALHL is not issued (this is extremely rare).

4. Alien Land Holders Licence (ALHL) Application (specific to the property & applied for at the time of agreement of purchase ).

Provide the following details to your local lawyer :
- Date and place of birth
- Copy of passport
- Nationality
- Bank reference (not finances just a letter of reliability)
- Police certificate of clear record (applied for from your local police station or online, in your home country

UK: http://www.acro.police.uk/police_certificates.aspx

The police certificate is usually fairly swift and at least straightforward

The lawyer makes the ALHL application and searches to check clear title on the property

5. ALHL is issued (this usually takes 2 to 3 months).

6. Complete the purchase (you deposit the balance of purchase price and the signed deeds of conveyance are released). At this point the property is yours.


Purchase Costs

Purchase costs are straightforward;
- 5% Stamp Duty
- approximately 6% ALHL
- legal fees
Legal fees are standard and the lawyer you instruct can provide a detailed breakdown of the costs.
We advise allowing 13% to cover the costs.

Ownership

The lawyer can advise on personal or company ownership;
Company ownership provides automatic exemption from work permit. Residency is a simple formality with property ownership.

Many buyers choose to own their property through a company which can be set up easily, the lawyer can advise on the costs and fees for this.

There is no capital gains tax, no inheritance tax and annual property taxes are negligible. Funds can be repatriated freely.

RENTAL & SALES OFFICES The Waterfront, Box 250 BEQUIA, St Vincent & The Grenadines grenadinevillas@mac.com
+1 (784) 457 3739 Villa Rentals & Sales Belmont Office 8.30 to 8
+1 (784) 457 3888 Villa Rentals Travel & Tours Port Elizabeth Bequia Harbour Office 8 to 6
+44 (0)870 123 1880 FAX (UK digital efax service)
Out of office hours enquiries & 24 hr emergencies: +1 (784) 529 8046 CELL 24hrs +1 (784) 455 0969 CELL 24hrs
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