Perfect combination – affordable dream holiday home in Caribbean and excellent returns. El Agua Suites Garden is ideal for those seeking an investment due to a QUARANTEED 8% rental income for 10 YEARS along with an average yearly increase in housing prices of 32% .A modern style apartment hotel, with services, quality finishing, sea and mountain views and strategically located 150m from the Atlantic Ocean and from the main promenade where one can find all the restaurants and bars
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.
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, sea and mountain views and strategically located 150m from the Atlantic Ocean and from the main promenade where one can find all the restaurants and bars
Fully furnished building
Recreational Area: swimming pool, lobby bar and large number of green areas.
Reception and Restrooms placed on the ground floor.
24 h ssurveillance service and controlled access
Lifts
Car parking bay
Fully furnished kitchen (tableware, silverware)
Linen
TV set
Telephone
Air Conditioning
SUITE TYPE A from Euros 50,656 (approximately GBP 37,000)
1 DOUBLE BED
1 BATHROOM
KITCHEN
HALL
DINING AREA
Total Area 37 m2 + TERRACE
SUITE TYPE B from Euros 56,546 (approximately GBP 42,800)
2 DOUBLE BEDS
1 BATHROOM
KITCHEN
HALL
DINING AREA
Total Area 41.50 m2 + TERRACE
PAYMENT TERMS:
€4000 reservation fee
50% one month later
25% after 4 months
25% on completion
The refundable reservation fee is €4,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first instalment. After 30 days of receipt of your reservation form and cheque, the reservation fee less the bank charges becomes non-refundable.
Construction Schedule
El Agua Suites is currently under construction. The completion date is December 2008
CAPITAL GROWTH AND RENTAL GUARANTEE
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% rental income for 10 years along with an average yearly increase in housing prices of 32% according to latest statistics.
Purchasers may enjoy use of their property for a period of 30 days/year excluding peak seasons (Christmas, Carnival, Easter, and summer). Purchasers can only 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.
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.
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