Venezuela Apartments | Exclusive Beach and Spa Resorts | Margarita Island Apartments | International Condos
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Exclusive Beach and Spa Resorts





Exclusive Beach and Spa Resorts
Builder: Provided by TheMoveChannel.com
Address:
Region: Margarita Island
Location:
Country: Venezuela

Type: 0
Investment: No
Stories: N/A
Units: N/A
Bath: 2
Bedrooms:
Condo Type: Apartments
Unit Size: Contact Builder
Price: $79,000
Phase:
Leaseback: No
Sales Phone: Click to View
Sales Phone:

Completion Date: 2006


Website Brochure Free Info





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Property Description

The development offers both 1 & 2 bedroom frontline beach apartments and unique
features are as follows:-

  • Excellent short and long term capital appreciation
  • Summer weather all year round
  • Direct flights from Europe and North America
  • Very good infrastructure
  • No VAT, no Wealth and no income tax
  • Low entry level property prices

This development has a renewable bonded rental guarantee of 7% for 10 years. This
income is net and therefore, owners will receive 7% of the purchase price per annum
and will have no maintenance or management fees to pay on the property.

SERVICES

There is 10,000m² of dedicated internal communal space within the resort that will
host such services as Conference Rooms, Restaurants, Health Spa, Duty Free Shops,
Eateries and Bars, amongst many other services.

Approximately 15,000m² has been allowed for exterior communal areas with gardens,
paths, swimming pools, and furniture.

The resort will have three restaurants, one of which will be themed and can seat up to
150 people. A Health Spa with trained professionals will offer the most up to date
techniques and treatments.

The gymnasium will be manned by professional personal trainers who can tailor make
a package for you or just help you use our top of the range equipment.

Residents can also take full advantage of the in-house duty-free shops within the
resort. There will also be bars and a café, should you want a coffee or a cocktail
during your stay.

The resort will also include a night club which will have the most up to date sound
system available and be completely sound-proofed, in order not to disturb those
residents that wish to relax.

Margarita is a Tax free island strategically position in the Caribbean Sea outside of
the hurricane belt. The Island has enjoyed fantastic growth over the past few years
and there is further growth expected with the construction of the Formula 1 Grand Prix
track. Announcements are due to be released in the summer 2008 on where and
when the construction works begin. $800 million of the total cost of $1.3 billion of the
project will be financed by Bernie Ecclestone. Once completed, it will host the annual
Venezuelan Grand Prix, amongst other motoring events and will attract many more
tourists from all over the world and will put Margarita Island firmly into the eyes of the
motoring world and beyond. The island's main point is also being enlarged to
accommodate the largest cruise ships that tour the Caribbean.

FINANCING.
Sample (30% deposit)

Over 15 Years

Purchase Price: €79,000

Purchase Price: €112,000

Deposit Amount: €21,600

Deposit Amount: €30,600

Borrowed Amount: €50,400

Borrowed Amount: €71,400

Monthly Repayment: €398.56

Monthly Repayment: €564.63

Annual Repayment: €4,782.72

Annual Repayment: €6,775.56

Annual Guaranteed Nett Income: €5,040.00

Annual Guaranteed Nett Income: €7,140.00



Purchase Price: €127,000 

Purchase Price: €162,000

Deposit Amount: €38,100

Deposit Amount: €48,600

Borrowed Amount: €88,900

Borrowed Amount: €113,400

Monthly Repayment: €703.02

Monthly Repayment: €896.76

Annual Repayment: €8,436.24

Annual Repayment: €10,761.12

Annual Guaranteed Nett Income: €8,890.00

Annual Guaranteed Nett Income: €11,340.00

 




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While NewCondosOnline, Inc. seeks to ensure that all of the information concerning new condo and home communities, as well as other data on the site is current and accurate, we do not assume any liability for inaccuracies. It is your responsibility to independently verify information on the site.

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