Description:

Seaside at Cliffdwellers- Fractional Ownership Properties

Purchase Highlights

For a select few, there is a limited opportunity to qualify for economic citizenship and enjoy the benefits of ownership at the Seaside at Cliffdwellers resort, through the fractional ownership program. This opportunity includes a number of unique benefits.


Eligibility of property for Federation's Economic Citizenship Program.
Deeded equity ownership, re-sellable after 5 years, which will also qualify new buyer for economic citizenship.
Complete furnishings package available.
Closing costs for stamp duty, conveyance and survey fees.
Five years' operating expenses for condominium fees, insurance, property taxes and maintenance, included in purchase price.
Comprehensive Management Services.
Periods of exclusive designated use for personal enjoyment or rental income.
Partial ownership of a freestanding, luxury villa in a highly-desirable community perfectly located on seafront with on-site security and wonderful views.


Purchase Details

Economic Citizenship

Buyers are eligible for the Citizenship by Investment Program offered by the Federation of St. Kitts and Nevis for economic citizenship and passports. If property is sold after five years, subsequent buyers may also apply for citizenship based under the program.

Rental Income

Rental income, less expenses, will be paid to the owner of the property. Expenses include rental commissions, rental management, utilities, and housekeeping.

Personal Use

The fractional program provides periods of exclusive use to each shareholder.

Residence 8 (four-bedroom villa) offers one-eighth fractional ownership which entitles each owner exclusive use for 6 weeks per year. Those weeks are chosen at the time of purchase.

Residence 3 (two-bedroom villa) offers one-fourth fractional ownership which entitles each owner exclusive use for 12 weeks per year. Those weeks are selected at the time of purchase.
Owners can enjoy the residence personally or derive rental income during that period.

Five Years of Operating Costs Included in Purchase Price

The purchase price includes five years of the following operating costs: common area charges, insurance, real estate tax; building, pool, A/C and generator maintenance; cable TV and internet services; water; company and unit management. Charges for electricity, propane and housekeeping during owner's personal occupancy will be charged separately based on usage.

Location

Conveniently located along the islands main road, the development is just a one minute drive to the Seabridge Car Ferry over to St. Kitts, and close to the airport. Residents can find a variety of bars and restaurants nearby, as well as the executive course of the Nevis Golf Club situated opposite the development.