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Other in Margarita, Caribbean
Caracola - Isla Margarita Isla Margarita, known as the “Pearl of the Caribbean” is the most developed of three islands The island itself is currently experiencing rapidly expanding tourism and real e...
Caracola - Isla Margarita
Isla Margarita, known as the “Pearl of the Caribbean” is the most developed of three islands
The island itself is currently experiencing rapidly expanding tourism and real estate sectors, where annual investment returns from property are currently reaching double digits! To secure this rate of growth, significant effort has been made by the government to provide incentives for investors. In 1999, a law was passed by the government allowing foreign ownership of property on the Island.
Essentially, any property you purchase on Isla Margarita is fully secured freehold real estate. Last year, the president of Veneuzela, Hugo Chávez committed to creating a transparent environment where overseas investors can benefit from the growing strength, attraction and appeal of the nation.
Only 15% of Margarita has currently been developed, yet tourist figures have increased by 40% over the last two years. With a $350 million Formula One Circuit complete with Race Academy poised for construction, premier golf courses, a Nikki Beach and perfect conditions for kitesurfing, windsurfing, sailing and scuba diving, its easy to see why Isla Margarita is catching the eye of the global tourist market, with 2.
3 million arrivals in 2007 alone.
The Caracola Beach and Spa Resort comprises of 1244 properties 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 plans to choose from, populated across three blocks, the properties vary in size from 58.5m2*to 125.
8m2*, nearly all with their own sea facing terrace.which form the state of Nueva Esparta.
Although situated within the Caribbean, Isla Margarita is not in the hurricane belt. Its’ natural beauty, location and tropical climate make the island an increasingly popular tourist destination.
Construction will be to the highest standard in accordance with stringent building regulations and comes with a 10 year building guarantee. Each property 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 follow.
** includes all furniture and fittings required by Geneva Hospitality to enter the rental pool
Features of Caracola:
I. Water Gardens
M. Outdoor Gym
O. Pool Areas
S. Swimming pool
There is 10,000m?2; of dedicated internal communal space within the resort, with approximately 15,000m?2; for exterior communal areas such as ardens, paths, lakes, swimming pools, etc. The resort will have three restaurants as well as a Health Spa and a gymnasium with a wide range of sports equipment.
There will also be plenty of bars and cafes and in-house duty-free shops. The resort will also include a nightclub, which will be completely soundproofed.
All the properties are fully furnished with stylish, modern simplicity, featuring stone tile floors and hand crafted Caribbean mahogany furniture. Each room includes: A telephone for internal and external calls; a FREE furniture pack; satellite dish; an interactive entertainment system with flat screen TV, Internet access, stereo and personal in room safe; Bathroom fixtures being “Roca” or similar; top quality sandstone tiles inside the units; air conditioning; fully equipped kitchen including white goods.