Conveniently located one hour drive from Montego Bay International Airport, 30 minutes from Boscobel Airport and 15 minutes from Ocho Rios.
Location: Within the gates of Drax Hall Estate
Total Acres of the site: Average lot size: 4400 sqft Development Size: 20.48 Acres
Prices start at US$456k up
Community Amenities:
Gated Community – 24hr Security
Beach
Beach Volley Ball
Basketball (half-court)
2 Tennis Courts
Park & Picnic Areas
Gazebo Areas
Children’s Playground
Pool
Bar & Lounge Area
Small Gym
THE MARINA VILLAS, DRAX HALL, ST. ANN
PRICES IN USD
Unit Cost Bungalow Unit- Three Bedroom Two Bathroom $ 456,368.46 (Starting Price)
Closing Cost Legal fees, administrative fees & surveyor’s report $2,380.98
Total Cost of Unit $458,749.44**
DEPOSIT- (10%) : $45,636.85
(Upon the signing of this Agreement)
FURTHER PAYMENT- (10%) : $45,636.85
(Within 60 days plus Letter of Commitment)
FINAL PAYMENT- (80%) : $367,475.74**
(Upon Completion)
(Payable by Manager’s cheque, Wire Transfer or secured by a Letter of Commitment from a Financial Institution)
**Price does not include Stamp Duty, Registration Fee, extra size lot, beachfront, riverfront or corner lot premium
Lots larger than 4,400 sq. ft. cost an additional US$8.00 per sq. ft
Corner lots cost an additional US$5,150 each
Beachfront lots cost an additional US$39,700 each
Riverfront lots cost an additional US$23,900 each
ALL PRICES ARE SUBJECT TO VERFIED ESCALATION
Long Term Mortgages are available to Qualified Purchasers by the NHT, SJBS, JNBS, VMBS, FCIB, RBC, etc.
Documents required when applying for a Unit:
1. Deposit of 10%
2. TRN Card & NIS Card
3. Valid Identification (e.g. Passport, Driver’s Licence or National ID and Birth certificate)
4. Job Letter verifying employment and salary or last two (2) pay slips. If you are self-employed you are required to provide a letter from your Accountant stating your average net income or a Statement of Income & Expenditure. Self-employed persons applying to the National Housing Trust for mortgage financing will also need to bring a Certificate of Contribution issued by the Compliance Department of the NHT.
5. Letter of Qualification for persons applying to the National Housing Trust.
N.B.: ALL PAYMENTS MUST BE MADE BY WAY OF WIRE TRANSFER OR IN THE FORM OF A MANAGER’S CHEQUE MADE PAYABLE TO NEW ERA HOMES 2000 LIMITED