Ref: HS1057018

Margarita - Overlooking Marina

GBP £49,500

  • Property (Off Plan)
  • 1 Bathrooms
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About the Property

  • Property: Property (Off Plan)
  • Bedrooms: N/A
  • Bathrooms: 1
  • Receptions: N/A

Features

New Apart-hotel in Prime position overlooking Marina in Main town Porlamar, 10 minute stroll to centre, 20 minutes to Golf and Airport (Direct UK) Range of sizes to suit. Guaranteed View of Caribbean. 2 pools (1 Roof top) restaurants, Family areas etc. Optional 10 year rental similar to ´leaseback´ available. Duty Free Isla Margarita Often called ‘The Caribbean Pearl’ this Island Paradise has been undiscovered by major tourism until recently, remaining the private hideaway of the wealthy. With 320 days of sunshine, tropical climate, azure waters, white sand beaches and duty free status, this is an exciting venture with great growth potential. Situated off the North East coast of Venezuela, the Islands are 1000 sq km. with approximately 250 km of pristine beaches, it was discovered by Columbus in 1498, but not colonized until Conquistadors discovers Pearls in the Coral reef and named the Island after the Greek for Pearl. It’s location away from the Hurricanes made it an ideal hideaway for Pirates and Naval Ships, Harboured at San Carlos Borromeo Castle. Today the beaches, diving, fishing, water sports and weather draw most visitors, but shopping in Porlamar, Nature Reserve of La Restinga and Historical Churches add to the attraction. ISLA MARGARITA is widely tipped as one of the new hotspot areas for UK investors. We have monitered the economy and political situation for a while, waiting to satisfy ourselves the investment would safe. At the beginning of 2006 we decided the external factors could only benefit Margarita, where the rich & famous of Venezuelas elite come to play, holiday and invest. So we have found the best of the market, a price to suit most tastes and options aplenty. During the past 16 months, since we´ve been promoting the Island, we´ve seen prices rise dramatically. Officially the 2005 property values increased 32%, we estimate 2006 rose similarly and forcast 2007 & 8 to continue the trend. Just think what the proposed Formula One race will do for the profile of the Island and prices of property there! i nfo@oyster-international.com

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