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Margarita Beach Homes

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Page Views: 1474
Added: 09/08/2006
Property ID: 39632

City/Town:	Margarita Island

Address of Property:	Ensenada

Postal Code:	KT6 7AB

Reception Rooms:	1

Bedrooms:	2

Bathrooms:	2

Type of Property:	Terraced

Price:	USD110000.00

Central Heating:	Other

Burglar Alarm:

Parking Facilities:	Off Street

Gardens:	Front

Double Glazed:

Near Shops:

Near School:

Loft:

Utility Room

Patio:	Yes

Property Description:

New Condominium & Spa Resort on West Coast of Beautiful Margarita in the Caribbean. Primarily Holiday Accomodation the townhouse units are well appointed close to beach and resort facillities. Phase one almost SOLD, last few remaining. Price: $110,000 + costs*. Resort facilities include: 700m Private Beach with clam waters, ideal for safe swimming and fishing, Volleyball, Tennis, Gym, Spa and Pools. There are Restaurant bar & Shop. 24 hour security, Full managment with established tourism industry which should provide adequate income.

Investment Proposition:

Nightly rate = $200. (Peak) 50% Occupancy = 180 nights Gross Yield = $36,000 Costs = $8,400 (Maintenance & Management fees) Net Yield - $27,600 ...

Given that margarita has virtually 12 month season, with ´High season´ at 22 weeks and ´Peak High Season´ (When basically every unit on the Island is full) of 16 weeks, a 50% occupancy is very achievable. If, and it is a big if, there was 100% occupancy at the nightly rate, a yield of 52% net would be achievable. Meaning the property could pay for itself in 2 years!

www.oyster-international.com

Why Oyster? As Property Consultants we work for the *, not the developer, we look after your interest in any purchase, to make sure the information you're given is the right information.

Area Description:

Staged Payments with only 30% deposit and small payments until 50% on completion make this a very affordable investment. Only a couple left with sea views and price increases for the next phase guaranteed, these should not be missed. Often called The Caribbean Pearl´ this Island Paradise has been undiscovered by major tourism until recently, remaining the private hideaway of the wealthy. With 320 days of sunshine, tropical climate, azure waters, white sand beaches and duty free status, this is an exciting venture with great growth potential. Situated off the North East coast of Venezuela, the Islands are 1000 sq km. with approximately 250 km of pristine beaches, it was discovered by Columbus in 1498, but not colonized until Conquistadors discovers Pearls in the Coral reef and named the Island after the Greek for Pearl. It´s location away from the Hurricanes made it an ideal hideaway for Pirates and Naval Ships, Harboured at San Carlos Borromeo Castle. Today the beaches, diving, fishing, water sports and weather draw most visitors, but shopping in Porlamar, Nature Reserve of La Restinga and Historical Churches add to the attraction. Facts: Average Temps: 27ºc (Lows 24º.37º c max.) Average Rainfall 700mm (27 Inches) Population: 300,000 approx. Getting There: Direct Flights to Del Caribe International from UK are available from Charter Airlines from £319.00 (Jun) to £539.00 (Dec), or First Choice from £529.00. However, last minute deals can been found for much less. * Costs include Broker fees and Legal closing costs. (Approximately 5%) info@oyster-international.com