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| Margarita Island Residential. |
 Country: Margarita Island
Location: Caribbean
Investment required: €79,000 1 bed, €103,000 2 beds
Term: Variable
Return: 7% net guaranteed rental income for 10 years. Pension approved.
Development Name: Caracola Beach & Spa Resort
Development Type: Residential Apartments
Margarita Island
Margarita is a Tax and Duty Free Island strategically positioned 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 a new Formula 1 Grand Prix track - financed by Bernie Ecclestone to the tune of $800 million, which will put the island firmly in the eyes of the world. The island's main port is also being enlarged to accommodate the largest of cruise ships that tour the Caribbean. The development offers both 1 & 2 bedroom frontline beach apartments and unique features are as follows:-
Excellent short and long term capital appreciation
Guaranteed rental returns 7% for 10 years
No VAT, no Wealth Tax and no Income Tax
Summer weather all year round
No hurricane risk as Margarita is outside hurricane belt
Direct flights from England and North America
Very good infrastructure
Low entry level property prices
Caracola Beach & Spa Resort will be a fully managed resort with all of the services that you would expect from any top end hotel, 24 hours reception, security, housekeeping services, concierge and more. The development will be managed by a top American resort management company, Geneva Hospitality, who have many years experience in their field and manage some top resorts in Lake Geneva, Florida and Chicago. There will be a rental guarantee scheme in place and all monies will be covered by an insurance bond for client's piece of mind. The development is front line beach resort with all apartments fully furnished and Air Conditioned. There is no purchase vat as this is a duty free Island.
Pricing
1 Beds From €79,000
2 Beds From €103,000
Associated purchase costs for this development are only 2% of the purchase price, including legal fees.
Pension
Caracola Beach Resort development is now Small Self Administered Schemes (SSAS's) compliant, therefore if you wish to purchase using your private pension fund; it is an ideal way to gain not only from tremendous Capital Appreciation but also the purchase of the property will be completely tax deductible from your annual income tax.
It will also mean that your annual rental income of 7% and eventual Capital Gain when you sell the property will be free from taxes in Ireland.
Full prospectus available on request. |
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