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| | | Caracola Beach and SPA resort (development) |  | | | Reference number:
| 002631 | | Location:
| Venezuela, Isla Margarita | | Development name:
| Caracola Beach and SPA resort | | Type:
| Apartment | | Floor size:
| from 45 sq.m. to 79 sq.m. | | Price:
| from
EUR
79 000.00
to
EUR
175 000.00
| | Short description:
| The Caracola Beach & Spa Resort Comprises is overlooking the stunning Caracola Beach, on the eastern fringes of the island’s main town, Porlamar. The apartments vary in size from 58.5m2 to 125.8m2, nearly all with their own sea facing terrace. | | Build year:
| 06/2001 | | Bedrooms:
| from 1 to 2 | | Bathrooms:
| 1 | | Toilets:
| 1 | | Floor number:
| 1 | | Floor count:
| 14 | | View:
| Excellent sea view | | Terrace:
| Terrace | | Size:
| 13.5 sq.m. | | Kitchen:
| Fitted kitchen | | Pool:
| Community pool | | Parking:
| Underground parking | | Extras:
| Adapted for disabled | | Installations:
| Air conditioning | | Beach/water first line:
| Yes | | Airport:
| PMV | | Airport distance:
| 25 km |
| General description The Caracola Beach & Spa Resort Comprises of 1244 apartments & 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 apartments vary in size from 58.5m2 to 125.8m2, nearly all with their own sea facing terrace. 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. The project is designed to be very eco-sensitive with the use of two layers of bricks with foam insulation, combined with double glazed windows, which make for a thermally efficient environment. Caracola’s high standards of construction will set the benchmark for others to meet and follow.
Caracola Beach & Spa Resort Within the resort you will find a multitude of ser vices & facilities, including: restaurants, bars, spa, gymnasium, beauty salon, high end retail, swimming pools as well as hammocks, sun beds and chillout areas strategically located throughout the beautifully landscaped grounds. Relaxation & leisure are common themes which ripple throughout Caracola. Whether soaking up the sun’s rays in a hammock by the pool, enjoying a relaxing massage in the spa or taking a leisurely stroll around the beautifully landscaped gardens. For more physically active pursuits there is a broad range of sports to take part in, both in and out of the water. A well equipped gym and a number of swimming pools combine with a variety of outside sports for the more active to let off steam. 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 Buying Process • Pay €3000 reservation fee THEN EITHER: • Pay 30% deposit less €3000 reservation fee within 28 days (or 90 days for a transfer sip ) or • Pay 50% deposit less €3000 reservation fee to qualify for a 5% discount or • Pay 50% less €3000 reservation fee within 28 days (or 90 days for a transfer sip ) to qualify for a 7% discount • On deposit pay 1.5% for legal & administration fees • Pay balance on completion plus additional 1.5% legal and administration fees Mortgages for the balance are expected to be available prior to completion, secured on the property, backed by the fidelity bond of the rental agreement. Competitive market rates are expected to apply at the time | Realestates in this development |  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
|  | Venezuela / Isla Margarita Bedrooms:
1 / 45 sq.m. Price: EUR 79 000.00 |
| |
|
Venezuela
Located north of Venezuela in the warm waters of the Caribbean. The island has an area of 1071 km2 with 315 km of coastline and beautiful beaches. Margarita Island and the smaller islands of Coche and Cubagua are all outside the hurricane belt and together form the Nueva Esparta state of Venezuela. Annual average temperatures range from 25c to 30c. The climate varies throughout the islandas the terrain changes from valleys to hills and mountains covered by vegetation. The vegetation varies from dry to humid forests respectively from the base of the mountains to the apices, where clouds release moisture accumulated from the Caribbean sea. The climate is cooled by a constant breeze throughout the year, which as a consequence provides for excellent sailing and surfing. Isla Margarita is a duty free island, which has all the facilities of modern living you may require. There are huge shopping malls with brand names familiar to most of us, and deserted beaches or forests to contrast. You can now get direct flights from the UK to the island airport, or go via Caracas in Venezuela with a short hop. The local language is Spanish, but many locals now speak a little English in the popular areas. There are many activities to enjoy including scuba diving, snorkeling, 4 wheel safari, swimming with dolphins. The cost of living is extreemly low, and local goods and services are cheap. Food and drinks can be enjoyed at a fraction of the cost of other Caribbean destinations. This is an emerging economy, but the infrastructure and facilities are already in place. MARGARITA ISLAND FACTS SUMMARY new skys ECONOMICS One of fastest growing economy in the world & biggest oil producer in the world Average 10% of GDP growth per annum since 2002/2003: Stock market increase 140% in 2006 Excess demand for housing due to: Petrol $ + undersupply 1 million properties+ population growth +migration Increase property prices also due to:Increase in money supply from record oil revenues EMERGING MARKET Flights from Heathrow Manchester, Birmingham: 4 times per week (Condor)Gatwick and Manchester: weekly and fortnightly (First Choice) Booming Tourist MarketTourists:2005 1.5 mill, 2006 2.3 mill, 2007 2.6 millForeign tourists mainly: German, Canadian, British and DutchHotel occupancy Average 65% but best hotels sold out Cost of Living Very LowWeather Year round summer + no rainy season Activities & Excursions Surfing, Sailing, Casinos, Golf, Scuba Diving Beautiful beaches Outside hurricane belt Booming Rental market: 20% rental returns average p.a.Guarantees by bank of 8% for up to 10 years with personal use Affordable property Compared to competitors and other Caribbean countries Capital appreciationAverage 32%2006-2007 up o 100% in 11 months for off plan in up and coming areas Increase & improvement in Infrastructure GUARANTEES AND FINANCE Security of Purchase:Private property is protected by the ConstitutionForeign Investors have same rights as citizensEscrow account in MargaritaInsurance guaranteeing development costs10 year build warrantyEuropean/International CompanyUK Lawyers due diligence + UK escrow accounts Financial perksOffshore companies allowed to purchaseCosts equate to approximately 2.5% of purchase priceDuty free with virtually no property taxesEquity ReleasePossible 20% referred payment?Future mortgages? BEST VALUE FOR MONEY ON PROPERTY MARKETCheck competitors and other Caribbean! TAKE HOME MESSAGE 1. Booming Economy with long term potentialCapital Appreciation 32% +2. Booming Tourist IndustryRental Guarantees by bank of 8% for up to 15 years3. Direct Flights4. Outside hurricane Belt5. Virtually No taxes6. Secure Purchases PRICES FROM €50,000 with personal use | Bolivar, Venezuela | Waterfalls, Venezuela | Angel Fall, Venezuela | Caracas, Venezuela | | | | | | Tepuy, Venezuela | Venezuela Beach | Venezuela Sea & Palm | Venezuela Bay | | | | |
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