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Pearl of the Caribbean - The Caracola Beach and Spa Resort [ SOLD ]  Region: Venezuela  Price: USD $ 107 298  Bedrooms: 0  Property Type: Apartment  Development State: Off Plan

Features: Pool Amenities: Golf Course Description:
Isla Margarita, known as the “Pearl of the Caribbean” is the most developed of three islands
which form the state of Nueva Esparta, just off the North East coast of Venezuela. Although
situated within the Caribbean, Margarita is not in the hurricane belt. Its’ natural beauty and
tropical climate make Isla Margarita an increasingly popular tourist destination.
Isla Margarita measures 55km east to west by 22km Nor th to South. The dramatic
mountainous terrain, populated with lush vegetation, flora and forna ascends to over 1000
metres above sea level and is framed by many stunning white sandy beaches.

With over 300km of coastline, you may wish to bask in the sun or perhaps explore many
of the more active pursuits and spor ts on offer. Margarita provides residents and tourists
alike with a huge variety of both relaxing and active ways to spend the day. The climate is a
consistent 80°F, varying little more than +/- 4°C across the year, with a soothing sea breeze.
The warm days & cool evenings make for a very comfortable living environment.
Access to the island is good with more and more direct flights from numerous global locations
as well as to Caracas a mere 35 minute flight away.

Despite the closeness to the mainland, just 38 kilometres, Margarita remains practically
untouched by its influence. Life goes on in a typically relaxed way, the Latin lifestyle mixed
with European & American influences make for a developed democratic and friendly
environment.

Overview:
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 proper ty. 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 - excluding payment discounts)
* 30% deposit held in ESCROW
* Potential minimum investment from only €26,000* (excluding payment discounts)

*Includes estimate of legal and administration fees

Description
Caracola Beach and Spa Resort
The Caracola Beach & Spa Resort Comprises of 1244 apartments & 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 apartments vary in size from 58.5m2* to 125.8m2*, nearly all with their own sea facing terrace.
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.

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 meet and follow.

Amenities:

* On Site Restaurants
* On Site Bars
* On Site Spa, Gymnasium, Beauty Salon
* On Site High end Retail Outlets
* Swimming Pools, Hammocks, Sun Beds strategically located through the beautiful landscaped grounds
* Golf
* Hiking
* Horse Riding
* Shopping
* Windsurfing
* Scuba Diving & Snorkelling

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