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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The sale price is quoted in (EUR €). Show approximate sale price in:
From EUR €79,000 = GBP £66,616*
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