The commercial space
About this commercial space
Directly on the boulevard in the heart of Kralendijk, this commercial space combines Caribbean Sea views with a large glass frontage and strong visibility. Its bright, open layout can accommodate retail, professional services, an atelier, showroom or office, subject to the required permits and approvals.
Set on Bonaire’s seafront boulevard in Kralendijk, this commercial unit offers 73 m² of net indoor space. Large glass windows bring in natural light and provide sea views.
The interior has a spacious open-plan area and a separate restroom. At the front, a covered entrance and terrace provide additional outdoor space; its permitted use depends on property rights, HOA regulations and any required permits.
Built in 2016 and in reasonable condition, the unit has 2 air-conditioning units and a 220 Volt electrical connection. The zoning designation is “Centrum”. Terramar is built partly on freehold land and partly on long-lease land.
Highlights
- 73 m² commercial space on Kralendijk's seafront boulevard
- Large glass storefront with views of the Caribbean Sea
- Central location surrounded by shops, restaurants and hotels
- ‘Centrum’ zoning offering potential for various commercial activities
- Bright, open-plan interior with flexible layout options
- Spacious covered entrance and terrace area
- Built in 2016, with two air-conditioning units
- Part of the Terramar complex with a Homeowners' Association
Commercial space information
Features and layout
The commercial unit offers 73 m² of net indoor space, consisting of a spacious open-plan area and a separate restroom.
Large glass windows provide abundant natural light and sea views. A generous covered entrance and terrace area is located at the front. The permitted use of this outdoor area depends on the applicable property rights, HOA regulations and any required permits.
Technical information
- Construction year: 2016
- Condition: redelijk
2 air-conditioning units
220 Volt electrical connection
Ownership and zoning
- Tenure: Leasehold
Terramar is built partly on freehold land and partly on longlease land. Registered with the Land Registration office (Kadaster) with number 4-D-3289A2.
Extract from Ruimtelijk Ontwikkelingsplan Bonaire (zoning plan)
Link to zoning plan map with marker: Map
Link to zoning description: Zoning "Centrum"
Costs and conditions
Ground tax (annually): 0.345% of the value (1st residence), or Property tax (annually): 0.91% of the value (2nd residence). Buyers Costs consist of (one-off): 5% transfer tax, approx. 1,5% notary costs and costs of Land Registry at the office of Kadaster depending on purchase price.
This property is part of the Terramar Homeowners’ Association (HOA). Further information is available upon request.
Location and surroundings
Terramar 2 is located directly on the boulevard in central Kralendijk, overlooking the Caribbean Sea. The surrounding area is home to shops, restaurants, hotels and other commercial establishments.
The waterfront promenade runs directly past the property, connecting different parts of Kralendijk's seafront. This central location is particularly appealing to businesses looking to serve both the local community and visitors exploring Bonaire.
Questions about this commercial space
What permits do I need to open a retail or hospitality business on Bonaire?
Starting a business on Bonaire generally requires registration with the Chamber of Commerce and a business establishment permit. Hospitality businesses may need additional licences, including a food and beverage or hospitality permit. The intended activity must also comply with the property's zoning and other applicable regulations. The Public Entity Bonaire is responsible for assessing the relevant permit applications.
Is ABB payable in addition to transfer tax when purchasing commercial real estate on Bonaire?
The sale of existing real estate that is subject to transfer tax is generally exempt from Algemene Bestedingsbelasting (ABB), Bonaire's equivalent of VAT. Whether this exemption applies depends on the nature of the transaction and the relevant legal requirements. A local notary can clarify the applicable tax treatment before the purchase is completed.
How is commercial real estate taxed annually on Bonaire?
Commercial real estate on Bonaire may be subject to real estate tax, known locally as vastgoedbelasting. This is calculated using an assumed return of 4% of the property's taxable value, taxed at 17.5%. With the additional 30% island surcharge, the effective annual rate is 0.91%. Different tax treatment may apply in certain business circumstances, including land tax. The applicable obligations depend on the owner and how the property is used.
What should I consider when renting out a commercial unit on Bonaire?
Commercial landlords should consider permitted business activities, rental rates, lease duration and responsibilities for property maintenance. Vacancy periods, taxes and HOA expenses also affect the net rental yield. A clear commercial lease agreement and a realistic financial assessment are important before offering a property for rent.
Can I make changes to a commercial unit within a Homeowners' Association?
Interior modifications are generally possible, provided they comply with applicable regulations. Changes affecting shared building elements, the exterior façade or business signage may require HOA approval. Building permits or other authorisations may also be necessary. Buyers should review the condominium regulations, HOA rules and applicable permit requirements before planning alterations.
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