This modern Caribbean-style structure offers a fantastic 8% guaranteed rental income for 10 years with personal occupancy, and is surrounded by gorgeous mountain and seaviews, just 150m from the beach, in direct proximity to all... This modern Caribbean-style structure offers a fantastic 8% guaranteed rental income for 10 years with personal occupancy, and is surrounded by gorgeous mountain and seaviews, just 150m from the beach, in direct proximity to all amenities and entertainment venues as well as the main promenade with its restaurants and bars, making it the ideal option for holiday makers and investors alike. This unique opportunity offers top quality construction and comes fully furnished and equipped. In this strategic location you'll find 52 studio apartments offered in two possible floor plans with charming terraces: 46 Model A single suites with 37 sqm of living space including one queen size bed and 6 Model B double suites with 41 sqm of living space including two double beds. This fully furnished building also offers a refreshing swimming pool, steamy Jacuzzi, solarium, charming lobby bar, abundant green spaces, reception, 24 hour surveillance security and controlled access, fully equipped and furnished kitchens, elevators, car parking, linens and tableware, televisions, and air conditioning. Stylish decor includes premium stoneware floors, tiled kitchens and bathrooms, charming mouldings throughout, wood carpentry and beamed doors, plus built in wardrobes. The architectural design is typically Caribbean, in harmony with the Margarita Island style of construction. A high quality European construction system ensures maximum comfort for the residents of the resort, and the decorative materials used in this project are interrelated with the marine design that prevails on the island. Playa El Agua is the most popular beach on Margarita Island with 3km of fine sand, an abundance of palm trees, restaurants, bars and kiosks. Many beach side establishments provide sun lounges and deckchairs, beach service and showers. One can even find a local market and beach vendors selling ice-cream, drinks, massages and fresh oysters (a dozen for a dollar!). The beach is used and loved by young and old alike, families with children, couples and singles. Strolling through the beach proves to be a pleasant and refreshing experience. EL Agua Garden Suites is an ideal project for investors looking for extra annual income by renting their property whilst taking advantage of the capital growth potential (an average 32% annual growth over the last 2 years according to Nueva Esparta's Chamber of Commerce). The 8% rental return is guaranteed for 10 years, paid in arrears with the possibility of 30 days of personal use per year. Purchasers can opt out from the rental scheme after the first 5 years and if the property were sold within such period the new purchaser must accept the rental conditions of the previous owner. Reservation is an easy 4000 euros and payment structure is 50% at 30 days, 25% at 4 months, and 25% at 12 months. Mortgage possibilities are currently being explored. If you imagine going back in time 10 years to the property prices in Spain, you will get some idea of the investment potential on Margarita. Property on Margarita is currently around 50% cheaper than other Caribbean Islands and the potential for high capital growth is assured. Outside the hurricane path, here you will find a tax free island with good transport and road infrastructure, fantastic beaches, a year-round holiday and rental season, international shops, low cost of living, a wide range of nightlife, excellent weather year-round with an average temperature of 30 degrees, and easy access to other Caribbean and South American destinations. Add to this the plans for a new Formula One race track and you have the recipe for success. With the ability to buy 5 star quality resorts off-plan, at low prices with flexible payment structures, guaranteed rental packages and full property management, now is the time to get in early to a new emerging property market with solid growth. El Agua Garden Suites
Venezuela, Nueva Esparta, Isla Margarita

Studio 37m2 to 42m2 - 50656 to 59298 euros

GUARANTEED RENTAL INCOME OF 8.0%