Report - Cube Credit Services

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SUBJECT PROPERTY RECORD DATA:

Title

Reference: The property is registered as REGISTRATION SECTION SOUTH

CENTRAL, BLOCK 38712 B PARCEL 471 at The Land Registry.

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GENERAL PARTICULARS

Area Analysis: The subject property is located at

Corito Village, Anguilla, where the immediate surrounding neighbourhood is middle-income residential developments (as shown in photo).

To the southeast of the subject, in excess of 4,000 ft. is the

Garbage Disposal Site and to the northeast, about 5,000 ft. is the island’s Power Station and J&B

Propane Gas Station (as shown in photo).

The Power Station appears to have minimal negative impact on the subject, environmentally (mainly noise). The airport further to the north has a similar environmental effect.

The locality has seen moderate development over the past few years and there continues to be an increase in the construction of new and modern structures for residential purposes.

Additionally, there are acres of virgin land, quite suitable residential development.

The area offers an inland view of the surrounding villages, The

Caribbean Sea and the hills of the neighbouring island of St.

Services:

Martin/St. Maarten (as shown in photo).

Within ten minutes drive from the property are supporting schools, shops, hospital, airport and other amenities. The main seaport at Sandy Ground and the Ferry Boat terminal at Blowing

Point are within fifteen minutes drive. i) ELECTRICITY: This is provided by Anglec, supplying single-phase (120 volts) power, using overhead lines along the right of way and under-ground to the building. ii) TELEPHONE: This is provided by Cable and

Wireless and runs parallel to the above utility. iii) CABLE TELEVISION: This runs parallel to the above two utilities. iv) WATER: Cistern; Public water is also available

along the road. v) SANITATION: a) Septic tank

b) Garbage collection by private

enterprise through Government.

Zoning/Use

Limitations: The National Land Use Plan zones this area for medium density residential development.

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SUBJECT PROPERTY:

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The Site: The Parcel that is moderately sloping has a

Limestone type soil, which affords a good bearing stratum for built development and has varying densities of soil vegetation cover and

comprises mixed species of indigenous scrub. The surroundings are not maintained and grown up (as shown in photo).

The site is not fenced and it is anticipated that fencing would greatly enhanced its privacy, create a better environment and positively impact on the value of the property. Drainage is natural infiltration and run-off.

Physical Cha- racteristics: The parcel is trapezoidal in shape, with an average of 145 feet east to west and an average of 120 feet north to south.

Plot Size: 0.41 acre

Accessibility to Main Road: Access to the property is via a 20ft. right of way which is currently a marl surface road.

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IMPROVEMENTS:

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Description of Building: Planning permission, Application

#04/512 was granted on 24 th November

2004 for a two storey dwelling house that is habitable, but presently unoccupied. It is designed with octagon shaped walls, with an internal staircase.

Its accommodation includes:

Ground Floor: living room, dining room, kitchen, one bedroom, one bathroom, a foyer, a laundry room and a garage, with a floor area 1,703 sq.ft., including two small porches of 83 and 42 sq.ft., east to west, respectively and a garage of 310 sq.ft.

First Floor: Lounge room and grand master bedroom/bathroom with a Jacuzzi), a master bedroom/bedroom and a small kitchenette that is under-

The floor is finished with concrete and covered with Ceramic Titles.

Apparent State

Of Repair and

Useful Economic Life: No structural survey was conducted but by external inspection, the structure appears to meet approved standards and the construction is of modern materials and techniques. construction. It has the same floor area as the ground floor of 1,703 sq.ft., including three small porches of 117, 83 and 42 sq.ft., east to west, respectively.

General

Construction: The building is constructed from a combination of Masonry Blocks,

Reinforced Concrete and Wood with all blocks rendered.

The roof is constructed from flat re-enforced concrete.

The windows are High Quality Jealousies and Solid Glass.

The doors are Aluminium decorated Glass and Solid Aluminium and

Garage Aluminium Shutter.

The Kitchen Cabinets appears to be in a fair state of repair, also the bathrooms, except that the shower in the grand master bedroom is being repaired after the fixing of a water leak.

The exterior of the building is in a fair state of repair, except that there are no veranda rails, the glass in an exterior door on the ground floor to the north is broken and the upstairs kitchenette is under-construction. In addition the finish work is appears to be in a fair condition and the entire building is considered to be in a reasonable structural condition.

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