Ref: HS1184625

Caracola Beach and Spa Resort, Isla Margarita

From EUR €79,000  (approx. GBP £66,616)

  • Apartment (Off Plan)
  • 2 Bedrooms
  • 2 Bathrooms
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About the Apartment

  • Property: Apartment (Off Plan)
  • Bedrooms: 2
  • Bathrooms: 2
  • Receptions: N/A

An incredible hands-off investment opportunity awaits you in this emerging market! Overlooking stunning Caracola Beach on the eastern fringes of Margarita’s main town, Porlamar, this new beachfront development offers a selection of one and two bedroom, air-conditioned, fully furnished apartments.

Features

The 1244 units in this apart-hotel range in size from 58.5m² to 125.8m² (including terrace area), with nearly all offering a view of the white sand beach and ocean fronting the property.

The Resort will benefit from a host of on-site facilities and services that include a very attractive lobby area, restaurants, bars, spa, gymnasium, beauty salon, swimming pools, hammocks and beautifully landscaped grounds.

Caracola Beach and Spa Resort will provide a comprehensive management and rental package delivered by the Geneva Hospitality Group, renowned for their delivery of generous guaranteed rental yields and well maintained properties.

Other benefits for the discerning investor from ownership of these units include:

SIPP compliant (subject to terms and conditions)

Guaranteed minimum 7% per annum net rental return for 10 years, increasing to 8.25%for last five years, if resort occupancy reaches 75% in year five

Rental return backed by fidelity bond

Last apart-hotel directly on beach in an area with a shortage of top quality accommodation

Excellent scope for capital growth and rental returns

Freehold title

Easy purchase procedure

Tax efficient ownership

Low cost of entry (prices from €79,000.00 – excluding payment discounts)

30% deposit held in escrow

Potential minimum investment from only €26,000 (includes estimate of legal and administration fees, but excluding payment discounts)


Plot Size: N/A

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From EUR €79,000 = GBP £66,616*

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