Enchanted Waterfront Residences & Marina, Mahe, Seychelles
3 Bed | 3.5 Bath
POA
Key Details
Enchanted Waterfront Residences & Marina, Mahe, Seychelles
The Seychelles
The Seychelles has 116 islands spread over 788 square miles of the Indian Ocean, four degrees south of the equator and 950 miles north of Mauritius. Only 30 are inhabited, some are coral islands, some volcanic and many designated as natural reserves, a heady mix of raw beauty and exclusivity.
The Seychelles is a delightful combination of African, European and Asian roots with an intriguing history. The country gained independence from Great Britain in 1976 and remains part of the Commonwealth. English and French are both official languages with Creole widely spoken.
The joy of the Seychelles is the variety within the archipelago. Highlights include the island of Praslin fifteen minutes away by plane where the rare coco de mer palm grows in the World Heritage Vallée de Mai and the car-free island of La Digue, home to giant tortoises, colonial-style homes and deserted beaches. Felicite is a tiny granite island covering a little over one square mile. It is a near neighbour to La Digue and famed for its mystical, oversized granite boulders. Dense vegetation including mango trees, coconut palms and banana plantations cover much of Felicite where development has been carefully restricted to preserve the outstanding private island privacy.
Mahé
The island of Mahé is the largest and easily the most developed of all islands. It has the international airport and the world’s smallest capital, Victoria, complete with a replica of London’s Big Ben. The island is 17 miles long by 8 miles at its widest with 70 beaches Mahé is where the majority of the 90,000 population live, mostly in Victoria or on the east coast.
From the high peaks of Morne Seychellois in the northeast to the blissfully natural west coast beaches, Mahé provides activities from snorkelling, diving and jungle walks. The quiet and wilder west coast is only thirty minutes from the airport with dense forests of coconuts and particularly beautiful beaches including Petite Anse and Grande Anse.
Weather:
The islands of the Seychelles enjoy a year-round warm tropical climate, generally governed by two opposing trade winds. The south-easterly trades blow from May to September bringing drier and windier conditions ideal for sailing. From October to March the gentler north-west trades provide calmer seas but a higher chance of refreshing showers. Scuba divers will find April, May, October and November have the warmest seas and visibility is often 30 metres plus.
Ownership of Villas by Non-Seychellois
Non-residents must get permission from the Seychellois government before they can buy freehold property, generally a routine process though it can take several months.
In accordance with the Government of Seychelles (GOS) Villa Policy, September 2013, Non-Seychellois villa buyers will:
Gross fees to be considered when purchasing a Waterfront Villa are therefore:
Any non-Seychellois purchaser of a villa will be entitled to make an application for a Residence Permit to the Government of Seychelles. This is subject to the usual terms and fees and is valid for the purchaser, their spouse and their children who are under the age of 18.
Property Tax: 0.25% per annum of the value of the property. Applicable to all foreign-owned properties in the Seychelles.
Capital Gains Tax: Not applicable!
Payment Schedule:
There are four stage payments when purchasing a Waterfront Villa at Enchanted Waterfront and each is based on a percentage of the agreed total purchase price:
15% - Upon signing the Purchase Agreement
20% - Upon completion of the villa’s foundation works
35% - Upon completion of the villa’s roof
30% - Upon completion of the villa and handover of keys
Sphere Estates always advises its buyers to seek independent legal and tax advice whenever considering purchasing a property abroad. We can often introduce relevant professionals so please ask if interested.
REQUEST FOR TAX & LEGAL ADVICE
Rental Pool – Summary Key Terms:
Owners are only permitted to rent their homes if they are on residential resorts such as Enchanted Waterfront.
Please ask for full terms and conditions.
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