"Comes with 7% Guaranteed rent for 10 years!
(return backed by fidelity bond)
Development
Caracola Beach and Spa Resort is on the south eastern edge of Isla Margarita, an Island in the Caribbean that is part of Venezuela (approx 38 km north east of the mainland) where average temperatures range from lows of 25°C to highs of 31°C throughout the year.
The Caracola Beach Spa Resort Comprises of 1244 apartments and duplexes spread over 15 floors, overlooking the stunning Caracola Beach, on the eastern fringes of the islands main town, Porlamar. With four different floor layouts to choose from, populated across three blocks, the apartments vary in size from 52.5 m2 to 117.1 m2, 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.
Developer
Mar y Casas Mediterraneas is a group of companies that designs, constructs and develops residential housing projects and resorts. This is done in conjunction with sister companies and key shareholders, including the leading Spanish Bank ""Banco Guipuzcoano"", as well as other key associate partners. We do everything from initial market and land value appraisal, plot identification and acquisition, through to design, planning, construction and often furnishing of the property. So, in summary, we manage a resort development from start to finish. Mar y Casas Mediterraneas has an enviable position within our sector, being renowned for practical and strategic planning, based on a philosophy personified by our founder Don Gabriel Martínez Verdú who is still very much involved in the day to day running of the company. We pride ourselves on our honesty with clients and our partners. With 20 years experience, we have developed a defined corporate manner and have a dynamic workforce and our ambitious projects portray this. We adapt our projects to our clients demands and regularly evaluate our market research. We always strive to include the latest technology and design in our projects and in our company. Our portfolio includes Platinum Golf and Spa Resort, located just outside in the vibrant city of Murcia, Los Collados situated in Aguilas, Murcia. We have already sold approximately 1,100 of these apartments and further phases are now being released to the market. We are also developing the resorts of Jardines de Cope, Balcones del Marques, La Atalaya and Mirasierra II. Due to our success in the Iberian Peninsula, Mar y Casas Mediterraneas has expanded its portfolio to include the Caribbean, namely Isla Margarita. Our company philosophy is based on sound commercial acumen, combined with innovative strategies and products. At Mar y Casas, we ensure every detail in our resorts is up to the standards required to satisfy our client’s needs and wishes. In addition, we continue to research market demands, to ensure that our homes are at the forefront of their sectors.
Constructor
Aliva-Stump and Lusmetal Construcciones y Proyectos have been formal partners, as Aliplus, for a number of years, working on a number of key construction projects throughout Venezuela. As a result of this collaboration, we have developed large scale projects such as the expansion of the International Terminal of Maiqueta Airport, La Ceiba Shopping Centre in Valencia, the structure of Plansuarez in La Urbina and many more. Current projects include Biotech Labs in Maracay, the Sigo Cerro Verde Shopping Centre, the Maruhanta Hotel complex, the Sigo Margarita Shopping Centre, the Playa el Agua Hotel in Margarita, and the El Encantado residential complex in Caracas. The following is a brief description of each company: Aliva-Stump C.A - In 1958 Aliva De Venezuela C.A, a subsidiary of Aliva A.G of Baden, Switzerland was formed. We began work in Venezuela, initially constructing railway tunnels and bridges for the expansion of major roads. These projects marked us as a prestigious company, with a reputation that we are still very proud to uphold. Ten years later in 1968 Stump De Venezuela C.A was created (as a subsidiary of Stump Bohr A.G of Zurich, Switzerland), pioneering duplex construction systems. Projects included the Venezuelan Central Bank and the buildings and towers of the Central Park, in Caracas. In 1972 both companies joined forces to become Aliva-Stump C.A. The company has grown to over 900 employees today. Since then we have been involved in the construction of casinos, residential complexes, shopping centres, industrial installations and a number of hotel complexes. Some of the landmark projects include the American Embassy in Caracas, the Nestle industrial complex and the Orinoco Iron (BHP) plant to name a few.
Rental management company
Geneva Hospitality are a management team of professionals dedicated to exceptional service and have a reputation of maintaining the highest standards of excellence in the resort management industry. Successful property management is achieved through experience and knowledge. Geneva Hospitality is a team of highly experienced and educated individuals with thorough, hands-on knowledge of resort management, marketing and the hospitality industry. Managing full-service properties in a multi-state area ranging in size from 100 to 800 units, Geneva Hospitality has successfully achieved profitability for owners through application of solid management principals, diligent marketing and proficient operations. Success is no accident. It is achieved through the highest degree of commitment to achieving a single goal: Hard work, creative energy and an entrepreneurial background. With experienced and knowledgeable professionals, Geneva Hospitality is an organisation with uncompromising integrity, a roll-up-your-sleeves work ethic and a proven record of profitability. The fundamental underlying advantage that Geneva Hospitality offers is the onsite management teams performance of all daily operations for each individual property resulting in solid returns for owners and providing a superior lodging experience for guests.
Facilites Available to Residents will include:
* Activities Area on Beach for Rentals of Jet Skis, Kayaks
* Spa 5,000 Sq. Feet
* Nightclub
* Parking area
* Sports Center or Fitness center incuding a yoga studio
* 4 swimming pools
* Duty-free shopping
* Kids club
* Sauna
* Conference Rooms 5,000 - 10,000 Sq. Ft.
* Child Care
* Arcade/ Game Room (at least 1,200 to 1,500 Sq. Ft)
* Hair Salon
* Security Guard o Business Center
* Lobby Area Bar/ Lounge
* Concierge Services
* Large Front Desk Area with 10-12 work stations
* Housekeeping Department Offices and laundry
* Main Offices and Work Area 3,000 Sq. Ft.
* Coffee Shop with Pastries and Snacks
Why invest in Caracola?
Caracola Beach and Spa Resort provides owners with 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 in 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 and amenities close by
* World class rental and 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*
*includes estimate of legal and administration fees
Guaranteed Rental Income
* There is a guaranteed rental income of 7% per annum for 10 years, increasing to 8.25% for the last 5 years if resort occupancy reaches 75% in year 5
* This rental return is backed by fidelity bond for your security
Location
Isla Margarita
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 North 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 and 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 the influence of the mainland. Life goes on in a typically relaxed way, the Latin lifestyle mixed with European and American influences make for a developed democratic and friendly environment.
Why invest in Isla Margarita?
* Comes with 7% Guaranteed rent for 10 years (return backed by fidelity bond)!
* Ground floor investment
* Low property prices
* Property ownership is freehold
* Good accessibility, particularly from Europe, South America and the US
* Good Infrastructure - International airport and developed road systems
* Low cost of living
* Warm consistent climate, all year round
* Great facilities, activities and attractions
* Naturally beautiful, both mountains and beaches
* Tax Efficient -Isla Margarita is a tax and duty free zone
* Visitor numbers reached 2.3 million in 2007
* Consistently strong economic growth
Payment schedule
Pay €3000 reservation fee
• Within 28 days pay 30% deposit, less €3000 res fee to qualify for a 2% discount
OR
• Pay 50% deposit less €3000 reservation fee and qualify for 5% discount
OR
• Pay 50% deposit within 28 days to qualify for 7% discount
1. On deposit pay 1.5% for legal and admin fees*
2. Pay 70% balance upon completion
3. On completion pay additional 1.5% for legal and admin fees*
*mortgage expected to be offered by completion" |
