EPIC at the Bay
- Modern Living with Sea Views

The long lease terms applicable for Epic at the Bay as determined by the Government of Curaçao require a dedicated project notary to be appointed by the seller. This notary or his / her successor will exclusively pass all the deeds of transfer and assist in preparing the deeds of division of the various apartment buildings and incorporation of the Home Owners Associations.

Yes, the Epic at the Bay project is realized on long lease land. The yearly lease rights consist of a lease fee charged to the HOA for common areas (part of the HOA fee charged to each owner of a residence) and a lease fee for the surface areas in private use (the surface area of each residence). The common area rate is XCG. 2,78

/ m2 whereas the private area rate is XCG. 13,80 per m2. The long lease is paid to the government.

Furniture and cabinets (with the exception of the standard kitchen cabinets) are not included in the purchase price at EPIC at the Bay. Furniture seen on the floor plans are for illustration purposes only.

Furniture packages will be made available for the apartments with short term rental designation. Owners of these apartments are required to purchase the furniture for these apartments through our rental service organization who will manage the apartment.

Short term lease is only allowed through the EPIC Rental Services and only for the residences designated for short term rental.

The transfer costs are for the account of the buyer and presently consist of the notary fee, accompanying costs and transfer tax, totaling approximately 5% of the purchase price. We can provide a calculation of the transfer costs upon request.

Return on Investment depends on many factors. Based on our experience with previous projects we expect the short term rental residences to deliver a gross initial ROI (excluding appreciation) through the EPIC Rental Services organization of at least 6.5%.

We expect the ROI for the rental services to be as follows:

Year 1: 6.8%

Year 2: 8.8%

Year 3+: 11%

Please note that Epic at the Bay is a real estate project aimed at offering buyers a (vacation) home in a unique Caribbean setting. As such it is not an investment product and normal real estate laws of demand and supply / appreciation and depreciation apply to the future value of a (vacation) home. No representations regarding any economic benefits are made as to rental or other income from ownership of an apartment or as to any other economic benefit, including possible advantages from the ownership of an apartment under tax laws, to be derived from the purchase of an apartment.