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.

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 Euros - excluding payment discounts
30% deposit held in ESCROW
Potential minimum investment from only 26,000 Euros - excluding payment discounts


Features:

Fully furnished
Fitted Kitchen including white goods
Climate control Air-Con system
Double glazed
Lobby Area Bar
Lounge
Large Front Desk Area
Concierge Services
Spa
Sports and Fitness Centre
Hair Salon
Sauna
4 Pools - including an adult only pool
Connecting Pools - all ages
Thrilling slides and lazy river rides
Pool Side Bar & swim up bar
Pool Side Snack Bar
Duty-free shopping
Kids club and Child Care
Nightclub
Arcade
Games Room
Coffee Shop with Pastries & Snacks
Housekeeping & laundry
Business Centre and Conference Rooms

Prices:

1 bed Apartment from 79,000 Euros
2 bed Apartment from 103,000 Euros


Payment Plans:

Option 1

Reservation fee 3,000 Euros - On reservation
Deposit 30% plus 1.5% Legal & admin fees – within 28 days or 90 days for a Transfer SIPP
Final Installment 70% plus 1.5% Legal & admin fees – On Completion


Option 2

Reservation fee 3,000 Euros – On reservation
Deposit 50% plus 1.5% Legal & admin fees
Final Installment 50% plus 1.5% Legal & admin fees – On Completion


Option 3

Reservation fee 3,000 Euros – On reservation
Deposit 50% plus 1.5% Legal & admin fees – within 28 days or 90 days for a Transfer SIPP
Final Installment 50% plus 1.5% Legal & admin fees – On Completion

Please note - Legal and administration fees are approximate

In summary:
Payment Option 1 - Qualifies for a 2% discount
Payment Option 2 - Qualifies for a 5% discount
Payment Option 3 - Qualifies for a 7% discount

SIPP Discounts:

If you are purchasing through a SIPP the same discount levels will apply. Time scales will be extended to 90 days under these circumstances. Please contact us for more information.

Mortgages will be available prior to completion, secured on the property, backed by the Fidelity Bond of the rental agreement. Details to be advised.