Full Description

SALE PRICE £449,999. TWO ACRES OF LAND FOR SALE IN TOBAGO WITH FULL PLANNING CONSENT for a gated development of 12 two-bedroom Houses in six duplexes, 6 one-bedroom Houses in a terrace, a small Car Park and Swimming Pools. There is also planning consent for an Entrance Building, which can be used as another House, or an Office with living accommodation, depending on the use to which the whole development is put. See some SUGGESTIONS FOR USE below. PLEASE NOTE that one Duplex which is now being built, will be retained by the present owners for their own use. The Purchaser of the Land will receive:- 1. Designs and Architectural Drawings which have been prepared by the best known Architect in Trinidad and Tobago – John Otway – who designed the Houses on the prestigious Angostura development ( golf courses, equestrian centre, etc) which is on the borders of the Land we are now offering for sale. 2. Engineering Drawings (details of the actual construction methods and materials, electrical systems, etc) which have been prepared by Prastec Limited of Trinidad. SUGGESTIONS FOR USE 1. The Houses could be sold on 999-year Leases to those individual purchasers who prefer to have access to their Houses throughout the year for their own personal use or to rent out. For a purchaser of a House who has no legal representative in Tobago, we can recommend a Lawyer in Tobago who has full knowledge of the Land for Sale and can prepare the Lease, etc. 2. The development is suitable for use as a Hotel or a Timeshare or Fractional Ownership Business. There is only one small timeshare development on Tobago, but there is a strong demand for more accommodation of that type on the island. OWNERSHIP OF THE LAND The Land is owned by an English Limited Company. The simplest method of transfer of ownership is by means of transferring the shares in the English Limited Company to the purchaser, which can be arranged by our accountants in England. The cost of transfer by this method is one-half of 1%, that is £2,250 on a Sale Price of £449,999. THE MARKET FOR SELLING THE HOUSES IS WORLDWIDE Tobago is very popular with wealthy Trinidadians and visitors from the United States and Europe. Because of the way in which John Otway has designed the Houses, it is anticipated that owners at will be able to charge very high rental rates, should they wish to generate some income from their purchase in their absence from Tobago. FLIGHTS INTO TOBAGO There are many flights into Tobago. 1. Virgin Atlantic flies direct into Tobago from London Gatwick once a week. 2. British West Indian Airways (BWIA) flies from London Heathrow and Manchester into Tobago via Trinidad twice weekly. 3. British Airways flies from London Heathrow via Antigua 3 times a week. 4. Golden Caribbean flies a charter from London Gatwick direct into Tobago. 5. Air France flies from Paris into Tobago via Trinidad. 6. Condor flies from Frankfurt Germany direct into Tobago twice a week. 7. Flights are available from Miami, Washington and New York in the USA and from Toronto in Canada with BWIA, Skyservice and Air Canada.