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BEACH FRONT DEVELOPMENT WITH 10 YEARS GUARANTEED RENTAL INCOME!
SIPP COMPLIANT
The Project
Fringed with Coconut palms overlooking a stunning beach, this beautiful Beach and Spa Resort is a luxury apart-hotel resort with 1244 beach-front, one and two bed apartments on the picturesque Isla Margarita in the Caribbean.
SOARING PROPERTY MARKET DUE TO:
Excess domestic demand
Strong economic growth and
Mass tourism which is attracting more and more foreign buyers.
Guaranteed rental return of 7% (net of all costs) for 10 yrs, protected by insurance bond
Tax efficient ownership
Pre-launch prices with excellent scope for capital growth
Low cost of entry (prices start at €79,000)
Low deposit (only 30%) goes into ESCROW
SIPP compliant (subject to terms and conditions of the SIPP)
Best apart-hotel on the island
World class developer
Best in class rental & management company with proven track record
Low cost of living
Direct flights from the UK
Peace of mind and certainty through robust due diligence carried out by the developer
Margarita is the only Caribbean Island outside of the hurricane belt
PRICES FROM ONLY €79,000!!!
About Isla De Margarita
Isla de Margarita is the largest island of the Nueva Esparta state in Venezuela, situated in the Caribbean Sea, off the northeastern coast of the country. The state also contains two other smaller islands: Coche and Cubagua. The capital is La Asunción, located in a river valley of the same name.
Located in the Caribbean Sea it belongs to the State of Nueva Esparta which also comprises the islands of Coche and Cubagua. It is 78 km long and its widest side measures roughly 20 km. The climate is very sunny and dry with temperatures from 24 to 37°C.
KEY INVESTMENT FEAUTURES OF MARGARITA ISLAND
1. Property is up to 50% cheaper than other Caribbean Islands and Brazil.
2. 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.
3. Booming property market due to a combination of excess domestic demand, strong economic growth and mass tourism which attracts foreign buyers.
4. Guaranteed Rental Returns due to the booming tourist industry and lack of quality accommodation.
5. Duty free Island with only 0.5% sales tax and only 2.5% buying taxes in total
6. Margarita is the only Caribbean island outside the hurricane belt.
7. A very low cost of living and excellent quality of life.
8. Direct flights in the UK alone from Manchester, Birmingham, Gatwick and Heathrow
9. 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.
10. 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
