Silver Reef 2 bedroom 2 bathroom Condo-CIU Approved
Condominium For Sale US$400,000.00
Set in Frigate Bay St.Kitts an area full with restaurants, bars and, renowned Royal St. Kitts Golf Course and of course the beach! In about 5 to 10 minutes you are walking to the nearest beach, finding here plenty of seaside restaurants and not to mention 3 on-site pools to choose from.
You enter the property off a main road into a gated community with manicured gardens and drive straight into your corner unit with outstanding views of Frigate Bay.This 2 bedroom ground floor unit layout provides enough space for everyone to enjoy private moments; it also has enough common spaces with all entertainment facilities where you can spend time socializing with your family or friends.The interior features an open plan sitting area, dining area and fully-fitted kitchen and al fresco dinning. Master to your left features full en-suite and glass doors leads out to the terrace which offers plenty of space for lounging outside enjoying the Caribbean ocean breeze. Across the hall is the guest room and second bathroom, Laundry closet off the kitchen.
The beachy vibe here instantly invites a laid-back, holiday mood, perfect vacation home, or high demand rental unit.
Annual property tax is approximately US770 and HOA fees are approximately US$4,000 per year.REAL ESTATE INVESTMENT
Applicants may qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment required by law is US$200,000 (resalable after 7 years) or US$400,000 (resalable after 5 years) for each main applicant.
Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main applicant who is over the age of 16 years.
On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:
- Main applicant: US$35,050
- Spouse of the main applicant: US$20,050
- Any other qualified dependent of the main applicant regardless of age: US$10,050
In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).