This property forms part of the attractive residential / tourist accommodation area of Belmont, Bequia and is also one of the popular holiday rental income properties in that area. It is situated on the sea side of the road and enjoys a wide-angle view of Port Elizabeth harbor and anchorage. It is centrally located being in close proximity to three popular beaches, the waterfront walkway and the town of Port Elizabeth being 10-19 minutes’ walk to any. Generally, the property is in good maintenance condition and well landscaped.
Address of Property: Belmont Road, Belmont, Bequia, SVG.
Present Use: Self-catering Holiday Apartments / Owners residence.
Tenure: Freehold Ownership. Building constructed: 2004
Site Description: Land Area – 7,988 S.F. / 1: 3.5 slope / good bearing soil/ partly terraced / good drainage / several trees on property / off-street parking for 3 cars.
Building Area: Gross Floor Area (enclosed rooms and balconies) – 3,640 S.F. comprising 3 floors + an Attic + External Store Rooms under driveways.
Level 1: Owners 2-bedroom, 2 Bath Apartment with 400 S.F Living/ Dining/ Kitchen space; a roof deck & attic. Both bedrooms AC. Total area – 1100 S.F.
Level 2: .Two- 1 bedroom apartments, each with Bath/Dressing Rm., kitchen & balcony. (one Apt. AC) Two-bedroom / two Bath apartment with Kitchen & large balcony (one bedroom AC)
Level 3: .One 1 bedroom apartment with ensuite Bath, Kitchen/Sitting area, large bay windows. Laundry / drying deck & undercroft utility space.
Two external store rooms under driveways
Swimming pool -3800 galls and 300 S.F. pool deck on the lowest level.
Water Cistern – 23,000 US gallons + 1,800 gal. rubber tank storage.
The property attracts an average income of US $37,000 / year over the past 5 years with the rental of 4 apartments. The 5th and largest apartment has been the Owners’ residence and would fetch the highest rental rate if included for such. Income should improve with more aggressive on-line advertising and with the recent opening of an international airport on the mainland. See present rates and further photos on www.seashellsbequia.com