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Key selling points
- FRONTLINE BEACH RESORT
- 10 YEAR 7% NET GUARANTEED INCOME (it increases according to the market)
- NO ANNUAL MAINTENANCE FEES
- DUTY & VAT FREE ISLAND
- NO PURCHASE VAT
- EXCELLENT ON-SITE FACILITIES
- POSSIBLE PURCHASE USING PENSION FUNDS
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
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Purchase Price: €79,000 |
Purchase Price: €112,000 |
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Deposit Amount: €21,600 |
Deposit Amount: €30,600 |
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Borrowed Amount: €50,400 |
Borrowed Amount: €71,400 |
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Monthly Repayment: €398.56 |
Monthly Repayment: €564.63 |
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Annual Repayment: €4,782.72 |
Annual Repayment: €6,775.56 |
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Annual Guaranteed Nett Income: €5,040.00 |
Annual Guaranteed Nett Income: €7,140.00 |
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Purchase Price: €127,000 |
Purchase Price: €162,000 |
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Deposit Amount: €38,100 |
Deposit Amount: €48,600 |
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Borrowed Amount: €88,900 |
Borrowed Amount: €113,400 |
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Monthly Repayment: €703.02 |
Monthly Repayment: €896.76 |
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Annual Repayment: €8,436.24 |
Annual Repayment: €10,761.12 |
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Annual Guaranteed Nett Income: €8,890.00 |
Annual Guaranteed Nett Income: €11,340.00 |
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