"Property For Sale in Venezuela,

Overview

 

 

Fully Furnished  Apartments From €79,000

Guaranteed Minimum Rental Return

of 7% net for 10 Years!!

 

COMPLETION DATE:  December 2010

 

The Caracola Beach & Spa Resort comprises 1244 apartments and duplexes spread over 15 floors, overlooking the stunning Caracola Beach, on the eastern fringes of the island's main town, Porlamar.   With four different floor layouts to choose from, populated across three blocks, the one and two bed apartments vary in size from 58.5m2 to 125.8m2, (including the terrace) nearly all with their own sea view.

The project is designed to be very eco-sensitive and construction will be to the highest standard in accordance with stringent building regulations and comes with a 10 year building guarantee. Each apartment will have a fully fitted kitchen (including white goods) as well as climate control air conditioning systems and all other furniture, all bathrooms will be fitted out with Roca or equivalent quality sanitary ware. The development will also have plenty of semi-covered parking.

 

Rental & Management:

Caracola Beach & Spa 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 properties to the highest standards. You can rest assured that your property will be managed and let by one of the best companies in the business.

The rental agreement is flexible, if you do not enter in to the rental pool when you purchase your property but wish to do so at a later stage you simply give 12 months notice to the Management Company. If at any time you decide to leave, you can do so my giving three months notice to the Management Company.

 

Why Invest in Caracola?

Caracola Beach & Spa 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 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, increasing to 8.25% for last 5 years, if resort occupancy reaches 75% in year 5
• Rental return backed by fidelity bond
• Last apart-hotel directly on the beach in an area with a shortage of top quality accommodation
• Excellent scope for capital growth
• The best development on the beautiful Caracola Beach
• Shops, restaurants & amenities close by
• World class rental & management company
• Best-in-class developer, proven track record
• Freehold title
• Easy purchase procedure
• Tax efficient ownership
• All Apartments come with air conditioning and all furniture
• Low cost of entry (prices from €79,000 - excluding payment discounts)
• 30% deposit held in ESCROW
• Potential minimum investment from only €26,000* (excluding payment discounts)

             *Includes estimate of legal and administration fees

 

 Margarita (Caribbean) Tourism Up By 15%

When it comes to investment opportunities in the Caribbean, Margarita is something of an undiscovered jewel.  Its huge potential arguably owes more to geography than simple economics.  It is the largest of three islands in the state of Nueva Esparta, its smaller neighbours being Coche and Cubagua.

Margarita sits off the north east coast of Venezuela in the Caribbean Sea. With over 160 Km of coastline there are a plethora of unspoilt beaches for tourists to enjoy all year round. This is great news for investors looking to profit from high-end holiday rental.

The large Santiago Marino airport makes this particular piece of paradise extremely accessible; with regular flights from Europe, North America and beyond. Furthermore, ferries to the mainland and flights to-and-from Venezuela add to the convenience. This does not only assist with the practicalities of owning a property in Margarita but also allows continued expansion of the tourist industry.

The tourist industry is indeed expanding and this is reflected in the latest statistics. Tourism to the island increased by approximately 14% in 2007 and current figures suggest a further increase in excess of 15% for 2008. Overall, traveller entry between January and April has increased steadily by nearly 300,000 since 2004. All this strongly points towards the prospect of dependable tourist income for those investing in property on Margarita.

In short, with blue seas, sandy beaches and money to be made; Margarita is surely the very place every property investor is dreaming about.