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 Price : US$ 79,530 Type : Home - Apartment / Condo REF : IDM0019 

Isla de Margarita : Playa El Agua

 

WITHDRAWN


 Margarita Investment Property







Great Investment Property - 52 apartments, with an 8% rental guarantee for 10 years, located just off Playa El Agua, one of Margarita's most popular beaches. From US$79,300

Margarita Investment Property

There are 52 apartments on 4 floors, arranged as 6 double suites and 46 single suites.

 

 

 

 

 

 

The apartments are presently under construction and due for completion in December 2008.

Margarita Investment Property

Margarita Investment Property

The apartments, which are fully furnished, will be finished to a high standard and enjoy sea and mountain views.

 

 

 

 

 


The apartments are "turn key" and include a kitchen, linen, tableware & silverware, TV set, telephone and air conditioning.

Margarita Investment Property

Margarita Investment Property

The hotel style development includes a recreational area with swimming pool, Jacuzzi, bar and garden. There is also a reception area and restrooms, 24h surveillance service, lifts and car parking facilities.

 

 

The apartments are located just 150metres from the Caribbean Sea and the main promenade where there are restaurants and bars.

 




Isla de Margarita is only 15% developed, yet tourist figures have increased by 40% over the last 2 years, causing problems with insufficient accommodation. This makes these apartments great investment properties, with an 8% rental guarantee for 10 years.

Margarita Investment Property

Margarita Investment Property


The developer is offering the following easy payment terms for these properties:-

€3,000 (approx. US$4,710)  Reservation Fee. This is fully refundable, less a 10% administration fee, if you decide to purchase and pay the first payment instalment within 30 days of making the reservation.

Initial Payment 50% due within 30 days of making a reservation
Next Payment  
25% due after a further 4 months,
Final Payment  
25% on completion.

Margarita Investment Property


These brand new apartments are ideally located for one of the best beaches in Margarita, offering over 2 miles of fine white sands and a wide selection of restaurants and other facilities.

The affordable price, easy payment programme and 8% rental guarantee for 10 years, makes these ideal investment properties.


For further information on this property click on the Contact Us buttons at the top or bottom of this page.



Buying Property in Margarita

Property in Isla de Margarita can be purchased by a foreign national easily, quickly and without many of the restrictions seen elsewhere in the Caribbean.

The buying process in Margarita is uncomplicated and can usually be completed within 10 days. All the buyer needs is a Passport, chequebook and assistance from a local lawyer.

Closing Costs
The closing cost of buying a property in Margarita is US$450 if you sign a contract whilst on Isla de Margarita, but vary between US$1,600 and US$2,500 if you sign the contract in you home country - the costs varying between countries.

Mortgages
Mortgages are not available in Margarita for foreign nationals, and in any case carry very unattractive interest rates as high as 28%.

Entry Requirements & Residency
A valid passport and a visa or tourist card are required to enter Venezuela. Residency is not difficult, but does take time, please read full details on how to obtain residency in about Isla de Margarita.

Margarita Property
We have more than 100 properties available in Isla de Margarita. Please contact us for further properties giving details of your requirements.

Please click on about Isla de Margarita below to find more information on how to buy property in Margarita.

 

 

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Last Updated On 25 Apr 2018