Prices & Financial Considerations

Colibri Court Purchase Prices
Prices are listed in US Dollars and the Sterling price will depend on the applicable exchange rate.

* Phase One Apartment prices will be reduced by US$30,000 for non-mortgaged purchase contracts opened by 31st May 2008.

Phase One Ground Floor Quad Apartments
US$625,000*
GB£320,000*
Phases Two & Three Ground Floor Quad Apartments
US$625,000
GB£320,000
Phase One Upper Floor Quad Apartments
US$675,000*
GB£346,000*
Phases Two & Three Upper Floor Quad Apartments
US$675,000
GB£346,000
Duplex Ground Floor Apartment
SOLD
SOLD
Duplex Upper Floor Apartment
SOLD
SOLD

Payment Schedule
20%
on contract signature
80% on completion and prior to occupancy
All monies will be refunded in the unlikely event of a landholder's license being refused through no fault of the Purchaser.

Developer's Mortgage
We are pleased to offer non-status mortgage funds of up to 50% of the purchase price.
The mortgage is secured on the property, and is not subject to any proof of income or other conditions. The mortgage will run for a period of 5 years from the date of completion. Payments will be interest only - no capital payments are necessary. Interest rates will be those prevailing in Antigua and Barbuda and purchasers should be aware that these are generally higher than rates in the US and Europe.

Fees and Legal Costs
2.5%
Stamp Duty
5% Landholder's License
1-2% Legal Fees approx.

Jolly Harbour Community Fee
US$285 per month
approx. to include communal lighting, gardening, waste disposal, security and infrastructure maintenance for the Jolly Harbour resort.

Colibri Court Management Fee
US$450 per month approx.
to include building insurance, gardening and maintenance of the pool, spa, rest rooms, pool furniture, security lighting, walkways, insect fogging of the grounds, purchase of pool chemicals, insurance for common areas and maintenance of the exteriors of Colibri Court. Also included are the administration services from the management company. From the end of Year One the level of these fees are set by the owners themselves.

Property Taxes
No valuation as yet but local property taxes are generally low. ABST is the new Antiguan sales tax with a rate of 15%. This may be applied to some of the costs and fees.

 

 

Jolly Villas
Tanglewood, Little Maplestead, Essex, CO9 2RU, UK
Telephone 0845 112 1661. email info@jollyvillas.com

 

 

 

Colibri Court