Margarita Apartments for sale

7/28/2008 - www.sheridanjonessl.com

80 sq m lovely Apartmentfor sale in Isla de Coche Margarita Venezuela only 54,990 GBP listed by www.sheridanjonessl.com 28 July 2008. The Apartment has 2 bedrooms and 2 bathrooms ref M001. Apartment View The Beach Isla de coche beach Margarita investment property Floor plan Interior

Apartment Off-plan in Isla de Coche Margarita, Venezuela

Property in Margarita | Property in Venezuela | Back

Bedrooms: 2

Bathrooms: 2

Size: 80 sq m

Price: 54,990 GBP

(EUROS) € 64,608
(GBP) £ 54,990
(US) $ 82,518

Finance this property from 163.6 GBP (€ 192.21/ £ 163.6/ $ 245.49) per month - see our Venezuela mortgages info

Apartment Description

Fully furnished and fully maintained

"Hands-off" rental scheme - managed for you

Metres from a stunning beach

Exclusive development - only 44 units available

2 double bedroom apartment suites, fully furnished, fully-managed rental scheme located on quite possibly the most beautiful beach in the Caribbean!

Your very own 80m2 apartment, divided into two studios to maximise rental income.

There are NO maintenance fees
NO community fees
NO other bills
NO depreciation as furniture is replaced free of charge

The hotel promotes the resort, tour operators arrange the clients, you enjoy the returns.

When your property is not rented out, you have full use for at least 30 days per year. What this means is that included in the price of purchase, you have a two-week, Caribbean Holiday, free of charge, twice per year!

Rental income is between 8% and 17% depending on occupancy.

Occupancy is generally very high in this area as there are very strict planning regulations meaning no further hotels can be built here.

The photo simply cannot do this resort justice. The beaches and location itself are absolutely stunning and there is very stong demand for hotel rooms from the German and Scandinavian markets and more recently the British market.

www.sheridanjonessl.com
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Venezuela Mortgages: Example for REF M001

( Apartment Off-plan in Isla de Coche Margarita, Venezuela )

Interest only mortgage

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 16,497 GBP
70 % Financed = 38,493 GBP
Monthly mortgage repayment = 163.6 GBP (€ 192.21/ £ 163.6/ $ 245.49)

Capital repayment mortgage:

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 16,497 GBP
70 % Financed = 38,493 GBP
Monthly mortgage repayment = 209 GBP (€ 245.55/ £ 209/ $ 313.63)

Correct as at Wednesday, January 07, 2009