| Ref No. EEL10153 > Caracola Beach and Spa Resort, Caracola Beach, Isla Margarita. Overseas Investment Property |
Price: £
103,000 €
|
| Property Type: | Apartment |
| Category: | |
| Location: | Beach |
| Region: | Caribbean |
| Status: | AVAILABLE |
| Bedrooms: | 2 |
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Caracola Beach and Spa Resort, Caracola Beach, Isla Margarita, is a development of 1 and 2 bed apartments and duplexes overlooking the stunning Caracola Beach. The developments have 4 different floor layouts. The apartments vary in size from 58.5m2 to 125.8m2 nearly all with their own sea view. Each apartment is fully fitted with air conditioning. This is a managed development at entry level prices. THE DEVELOPER IS OFFERING A 7% NET RENTAL GUARANTEE FOR 10 YEARS.
Caracola Beach and Spa Resort, Caracola Beach,Isla Margarita, is a development of 1 and 2 bed apartments and 2 bed duplexes overlooking the stunning Caracola Beach.
The development has 4 different floor layouts. The apartments vary in size from 58.5m2 to 125.8m2 nearly all with their own sea view.
Each apartment is fully fitted with air conditioning. This is a managed development at entry level prices.
THE DEVELOPER IS OFFERING A 7% NET RENTAL GUARANTEE FOR 10 YEARS.The rental guarantee will be increased to 8.5% for the last 5 years if occupancy has reached 75% in year 5.
Why invest in Caracola:
This resort provides you with an incredible opportunity to earn on your investment through capital growth as well as rental return from your property. If you combine this with with the very attractive tax benefits of Isla Margarita and tax efficient ownership you have the optimum overseas property purchase.
- Caracola is SIPP compliant (subject to terms and conditions)
- Guaranteed minimum 7% pa net rental return for 10 years
- Rental return backed by fidelity bond.
- Last apart-hotel directly on the beach in an area with a shortgage of top quality accommodation.
- Excellent scope for capital growth.
- The best development on the beautiful Caracola Beach.
- Shops restaurants and amenities close by.
- World class rental and management company.
- Best in class developer, proven track record.
- Freehold Title
- Easy purchase procedure.
- Tax efficient ownership
- Low cost of entry
- 30% deposit held in ESCROW
- Potential minimum investment from only Euro 26,000
Rental and Management
This resort provides a genuine hands off investment opportunity through a comprehensive management and rental package delivered by the Geneva Hospitality Group. Geneva has been selected to manage this rental package due to their best in class pedigree illustrated through delivery of generous guaranteed rental yields whilst at the same time maintaining your property to the highest standards.
Internal Features
- choice of 1 or 2 bed apartments and 2 bed duplexes.
- Construction to highest standard
- 10 year building guarantee
- Fully fitted kitchens including all white goods
- Climate control air conditioning
- Top quality sandstone tiles inside the units
- High security entrance doors
- Bathrooms fitted out with 'Roca' or equivalent sanitary ware
- Semi covered parking
- Walls built to thermally efficient standard
Resort features
- Lift access
- Restaurants
- Bars
- Spa
- Gymnasium
- Beauty Salon
- High end retail shops
- Swimming pools
- Beautifully landscaped gardens
Financials
Pay euro 3000 reservation fee then either
Pay 30% deposit on exchange (Less reservation fee) within 28 days to QUALIFY FOR 2% DISCOUNT
or pay 50% deposit and get 5% discount
On deposit pay 1.5% for legal and administration fees
Property Details
Area Description
Isla Margarita, known as the 'Pearl of the Caribbean' is the most developed of the three islands which form the state of Nueva Esparta, just off the North East coast of Venezuela. Although situated within the Caribbean, Margarita is not in the hurricane belt. It's natural beauty and tropical climate make Isla Margarita an increasingly popular tourist destination. With over 300km of coastline you may wish to bask in the sun or perhaps explore many of the more active pursuits and sports on offer.
Other Info
The climate is a consistent 80' f varying little more than /-4'C across the year. Access to the Island is good with more direct flights available from numerous global locations as well as Caracas a mere 35 minute flight away
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Disclaimer: Property Winners Ltd does not accept any responsibility for any errors or inaccuracies in the above property or financing information, details of which have been supplied by a third party. You should ensure that either you or your legal representative has suitably checked all relevant information before committing to purchase a property.
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