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8 percent rental guarantee for 10 years - El Agua Garden Suites - Isla De Margarita [ SOLD ]  Region: Margarita  Price: USD $ 67 535  Bedrooms: 0  Property Type: Apartment  Development State: Off Plan

Features: Garden, Pool, Terrace / Deck Amenities: Schools, In beach resort, Near the Sea, 24 Hour security, Childrens Swimming Pool, By the Sea, Near Town Description:
El Agua Suites consists of 52 apartments on 4 floors: 6 double suites and 46 single suites. A modern style apartment hotel, with services, quality finishing’s, sea and mountain views and strategically located 150m from the Mar Caribe Sea and from the main promenade where you can find all the restaurants and bars.

THE ISLAND

Margarita Island’s climate varies as the terrain changes from valleys, hills to mountains. The vegetation varies from dry to humid forests respectively from the base of the mountains to the summit. Here the clouds release humidity accumulated from the Caribbean Sea and one can find ferns, bromelias and palm trees. The island is cooled by the constant winds throughout the year and is thus suitable for year round sailing and surfing. The capital is La Asuncion but the main city is Porlamar. The airport is located near El Yaque beach, the latter being the best beach in the world for kite surfing.

PLAYA EL AGUA

Playa El Agua is the most popular beach on Margarita Island with 3km of fine sand, an abundance of palm trees, restaurants, bars and kiosks. Many beach side establishments provide sun lounges and deckchairs, beach service and showers. One can even find a local market and beach vendors selling ice-cream, drinks, massages and fresh oysters (a dozen for a dollar!). The beach is used and loved by young and old alike, families with children, couples and singles. Strolling through the beach proves to be a pleasant and refreshing experience.

Construction Schedule

El Agua Suites is currently under construction. The completion date is December 2008.

Facilities And Maintenance

• Fully furnished apartments…”key ready”. Including kitchens with tableware and silverware, Linen, TV set, Telephone, Air Conditioning.
• Recreational Area: swimming pool, lobby bar and green areas.
• Reception and Restrooms located on the ground floor.
• On site Jacuzzi and solarium.
• 24h surveillance service and controlled access.
• Lifts.
• Car parking bay.

KEY INVESTMENT FEATURES OF MARGARITA ISLAND • Property is up to 50% cheaper than other Caribbean Islands and Brazil.
• The island is only 15% developed, yet tourism figures have increased by 40% over the last 2 years – in 2006, 8000 tourists could not find accommodation.
• Booming property market due to a combination of excess domestic demand, strong economic growth and mass tourism which attracts foreign buyers.
• Guaranteed Rental Returns due to the booming tourist industry and lack of quality accommodation.
• Duty free Island with only 0.5% sales tax and only 2.5% buying taxes in total
• Margarita is the only Caribbean island outside the hurricane belt.
• A very low cost of living and excellent quality of life.
• Direct flights in the UK alone from Manchester, Birmingham, Gatwick and Heathrow
• Margarita has the best beach in the world for Kite Surfing and every year in June hosts the international championships. Agreements have been reached to build a Formula 1 circuit on the island.
• When not relaxing by the beautiful beaches of the island, one can engage in a variety of activities such as cruises, casino’s, deep sea fishing, diving and surfing. Flights are available to the Angel Falls (the world’s highest waterfall), the Amazon jungle and other Caribbean islands as well as to the American continent

Property Management

10 Year 8% Rental Guarantee + Capital growth Potential

El Agua Suites Garden is a fully furnished modern structure surrounded by amenities and entertainment venues, making it the ideal option for the holiday maker on Margarita Island. El Agua Suites Garden is ideal for those seeking an investment due to a guaranteed 8% per annum rental income for 10 years along with excellent capital growth potential, currently running at over 20%p.a. Purchasers may enjoy use of their property for a period of 30 days/year excluding peak seasons (Christmas, Carnival, Easter, and summer). Purchasers can opt out from the rental scheme after the first 5 years and if the property were sold within such period the new purchaser must accept the rental conditions of the previous owner.

About the Immediate Vicinity

Isla Margarita, also known as “the Pearl of the Caribbean”, has been a significant tourist destination since the 1960s when it was declared a duty free area. Today more than 2 million tourists visit the island every year. In Margarita one can find a perfect combination of excellent weather, idyllic beaches and first class infrastructure and services, which make the island an ideal location to visit, retire or invest.

PLAYA EL AGUA LEISURE ACTIVITIES

Margarita offers a wide range of sport activities, from the extreme bungee jump sensation to the pleasure of horseback riding across endless beaches of white sands and crystal waters, through never – ending impressions like flying ultra light flying machines or be driven by the wind when parasailing or paragliding.

Bungee Extreme sport, this activity has a large number of followers, besides being a spectacle for spectators thinking whether to dare or not doing what many people consider preposterous. Playa el Agua is the only location offering this option on the Island.

Paragliding Looking for extreme emotions? It is very common during weekends to watch jumps from the mountains surrounding the beaches, as Para gliders take advantage of the winds and thermal currents.

Ultralight Has increasingly become one of the most popular activities on the Island. Low flights over beaches and towns allow you to enjoy the most beautiful sights. Do you dare?

Diving Margarita underwater…Warm and crystalline waters, with a diversity of underwater sights, Margarita offers along with its islands and archipelagos the opportunity to make of this trip an unforgettable experience.

Places like Los Frailes with their group of small keys or El Farallón, a stone formation located 3 miles from Pampatar Bay are just the preamble to the most impressive scenarios to be found in places like Los Roques Archipelago, Los Testigos and the Blanquilla Island, leaving to the most adventurous explores the nocturnal dives at Cayo Norte – National Park of Morrocoy.

These locations have not much rain during the year, the mud content is low. Therefore, the waters are extremely clear with a frequent visibility ranging up to 30 meters (100 feet) and average temperatures of 25C.

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