BANK: Barclays Bank Plc
 

APPLICANT: Thorsten Cook
 

PROPERTY LOCATION; The property occupies a superb position at South Sound, Virgin Gorda, which is six miles from
the capital, The Valley. An unpaved access road connects the property to the main road leading into town.
 

PROPERTY DESCRIPTION- The property consists of undeveloped land covered with natural vegetation. It slopes from lowland to highland and fronts onto the sea
 

NEIGHBOURHOOD TREND: Residential
 

ACREAGE: 6.4 acres
 

CONSTRUCTION: NIL
 

ACCOMMODATION: NIL
 

SERVICES: The usual services such as water, sewerage and electricity will be provided once the site is developed. As present electricity is a short distance away and would not be difficult to extend to the site,
 

The current development plan provides for residential/ commercial development in this area. The property is ideal for high income resort development with marina.
 

TENURE: Block 5343a Parcel 13, 14, 15, 16, 17, 18 and 19 Virgin Gorda South Registration Section
 

AGE Of BUILDING: N/A
 

VALUATION:. Land $3,400,000
 

In my opinion the above price of Three Million Four Hundred Thousand Dollars represents a true and fair assessment of the open market value of the property as of this date.
 

DEFECTS: NIL
 

INCUMBERANCE: NIL
 

Sign:........ ........

BETTETO FRETT, BSC, BUSN. Mqnt (Hons)
 

Surveyor, Valuer & Real Estate-Agent