Caracola Facilities
Within the resort you will find a multitude of services & facilities, including: restaurants, bars, spa, gymnasium, beauty salon, high end retail, swimming pools as well as hammocks, sun beds and chillout areas strategically located throughout the beautifully landscaped grounds.
Relaxation and leisure are common themes which ripple throughout Caracola. Whether soaking up the suns rays in a hammock by the pool, enjoying a relaxing massage in the spa or taking a leisurely stroll around the beautifully landscaped gardens.
For more physically active pursuits there is a broad range of sports to take part in, both in and out of the water. A well equipped gym and a number of swimming pools combine with a variety of outside sports for the more active to let off steam.
Caracola Location
Where is it?
Caracola Beach and Spa Resort is on the south eastern edge of Isla Margarita, an Island in the Caribbean that is part of Venezuela (approx 38 km north east of the mainland).
What about Hurricanes?
Isla Margarita is below the hurricane belt and as a result does NOT get hit by Hurricanes. In fact, very little rain falls at all on the Island. In 2007 there were 344 'sunny days' (defined as having 6 hours or more of sun).
What are the temperatures like?
Average temperatures range from lows of 25°C to highs of 31°C throughout the year.
What are the Google Earth co-ordinates?
10°57'59.80"N 63°49'10.18"W
Why invest in Caracola?
Caracola Beach & Spa Resort provides you with an incredible opportunity to earn on your investment through capital growth as well as rental return from your property. If you combine this with the very attractive tax benefits of Isla Margarita and tax efficient ownership, you have the optimum overseas property purchase.
Caracola is SIPP compliant (subject to terms and conditions)
Guaranteed minimum 7% pa net rental return for 10 years, increasing to 8.25% for last 5 years, if resort occupancy reaches 75% in year 5
Rental return backed by fidelity bond
Last apart-hotel directly on the beach in an area with a shortage of top quality accommodation
Excellent scope for capital growth
The best development on the beautiful Caracola Beach
Shops, restaurants & amenities close by
World class rental & management company
Best-in-class developer, proven track record
Freehold title
Easy purchase procedure
Tax efficient ownership
All Apartments come with air conditioning and all furniture
Low cost of entry (prices from 79,000 - excluding payment discounts)
30% deposit held in ESCROW
Potential minimum investment from only 26,000*
*Includes estimate of legal and administration fees
Rental Management
Caracola Beach & Spa Resort provides a genuine hands-off investment opportunity through a comprehensive management and rental package delivered by the Geneva Hospitality Group. Geneva has been selected to manage this rental package due to their best in class pedigree illustrated through delivery of generous guaranteed rental yields whilst at the same time maintaining your properties to the highest standards.
You can rest assured that your property will be managed and let by one of the best companies in the businessPurchase Process
Pay 3000 reservation fee
THEN EITHER: Pay 30% deposit less 3000 reservation fee within 28 days (or 90 days for a TRANSFER SIPP) to qualify for a 2% discount
or Pay 50% deposit less 3000 reservation fee to qualify for a 5% discount
or Pay 50% less 3000 reservation fee within 28 days (or 90 days for a TRANSFER SIPP) to qualify for a 7% discount
On deposit pay 1.5% for legal & administration fees ***
Pay balance on completion** plus additional 1.5% legal and administration fees***
**Mortgages for the balance are expected to be available prior to completion, secured on the property, backed by the fidelity bond of the rental agreement. Competitive market rates are expected to apply at the time.
Its that simple...
***Estimated costs at time of going to print
Specification
The Caracola Beach & Spa Resort Comprises of 1244 apartments and duplexes spread over 14 floors, overlooking the stunning Caracola Beach. Populated across three blocks, the apartments vary in size from 58.5m2* to 125.8m2*, nearly all with their own sea view.
Construction will be to the highest of standards in accordance with the most stringent of building regulations. Each apartment will have a fully fitted kitchen (including white goods) as well as hot and cold pumped air conditioning. All bathrooms will be fitted out with Roca or equivalent quality appliances. The development will provide plenty of semi-covered parking spaces to accommodate the resident or more adventurous tourist.
The project is designed to be very eco-sensitive with the use of solar panels to assist with the supply of electricity. Two layers of bricks with foam insulation, combined with double glazed windows make for a very thermally efficient apartment. Caracola's high standards of construction will set the benchmark for others to meet and follow.
*including terracing
The specifications listed below may be subject to change for technical or aesthetic reasons if in the opinion of the architect, the quality of the materials remain unchanged.
Apartments will be fully furnished, adhering to specifications determined by Geneva Hospitality.
Discounts
There are a number of incentives on offer to clients wishing to purchase on Caracola Beach & Spa Resort.
To qualify for the discounts you can choose to either:-
Pay your 30% deposit within 28 days to be eligible for a 2% discount
Or
Pay 50% deposit to be eligible for a 5% discount
Or
Pay 50% deposit within 28 days to be eligible for a 7% discount
This means that there is potential to save up to 12,250 on your property purchase.
SIPP discounts
If you are purchasing through a SIPP, you can still qualify for the same discount levels as for non SIPP purchases, with the timescales being extended to 90 days if you are buying through a non-liquid asset SIPP. Please contact us if you would like more information on this.
Isla Margarita
Isla Margarita, known as the Pearl of the Caribbean is the most developed of three islands which form the state of Nueva Esparta, just off the North East coast of Venezuela. Although situated within the Caribbean, Margarita is not in the hurricane belt. Its natural beauty and tropical climate make Isla Margarita an increasingly popular tourist destination.
Isla Margarita measures 55km east to west by 22km North to South. The dramatic mountainous terrain, populated with lush vegetation, flora and forna ascends to over 1000 metres above sea level and is framed by many stunning white sandy beaches.
With over 300km of coastline, you may wish to bask in the sun or perhaps explore many of the more active pursuits and sports on offer. Margarita provides residents and tourists alike with a huge variety of both relaxing and active ways to spend the day. The climate is a consistent 80°F, varying little more than +/- 4°C across the year, with a soothing sea breeze. The warm days & cool evenings make for a very comfortable living environment.
Access to the island is good with more and more direct flights from numerous global locations as well as to Caracas a mere 35 minute flight away.
Despite the closeness to the mainland, just 38 kilometres, Margarita remains practically untouched by its influence. Life goes on in a typically relaxed way, the Latin lifestyle mixed with European & American influences make for a developed, democratic and friendly environment.
When you arrive in Margarita you will be surprised by many things:-
The warm & friendly welcome from the local people
The modern airport and great infrastructure
How pleasant & tastefully the island has slowly developed over the centuries
The value for money: many items in Margarita are a fraction of what you would expect to pay, making the whole experience very cost effective as well as pleasurable
The east of Margarita is flourishing with good quality property and resort development underway. To the west of the island is the Macanao Peninsula, an undeveloped and protected region with mountains to the interior and ringed by sandy beaches. The combination of its adventure-tourist character and its charming people, make it possible to offer you the best of both worlds from this enchanting sun-kissed Caribbean island.
