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Overview

El Yaque Oceano Resort Residences on the Caribbean Island of Margarita -
Quality and Style at an affordable price

The Island of Margarita is located in the south Caribbean close to the coast of Venzuela. Margarita is dubbed “the Pearl of the Caribbean” well known for its plentiful beaches, its unspoiled nature and perfect climate.

The El Yaque Oceano Resort Residences offer a Caribbean climate, pristine surroundings, breathtaking ocean views and sophisticated charm. El Yaque is a famous windsurfing and kite surfing beach, largely undeveloped and offers serenity and tranquility in a unique setting.

Flight times are about 8 hours from central Europe and there are direct flights to the Santiago Marino International Airport from most major cities.

The Resort

The El Yaque Oceano Resort Residence is perched on a sloping hillside with breathtaking panoramic views. Each residence has been Architect designed to enjoy the views. There will be 149 two bedroom, two bathroom suites and the complex has a communal swimming pool and landscaped gardens.

The resort has an experienced top level team in place to ensure the highest standards. The Development is backed by Canadian, US and European Investors. All have a proven track record.

The apartments are of high quality and optional furniture packages are available to compliment the accommodation.

This project is endorsed by the three-time UK National Freestyle Champion, Andy 'Bubble' Chambers.

El Yaque

A small village but with all the services you would probably need. Apart from the beach there are 10 hotels, 18 restaurants, three commercial centres and a medical centre. There are many shops in the village, and the City of Polamar is only 20 minutes away offering even more shopping opportunities. El Yaque is an all year round resort, popular with tourists from Europe and North America and English is widely spoken.

Apart from wind and kite surfing there is a championship golf course, tennis and mountain biking close at hand.

The resort is very busy and the supply of holiday accommodation is out-stripped by demand. Needless to this is an excellent investment opportunity.

Prices

The following prices are converted from US dollars at an exchange rate of approximately 0.741 Euros per US Dollar. Please enquire for current prices.

• Floor One -   €165,900 Euros
• Floor Two -   €169,300
• Floor Three - €172,800
• Floor Four -   €176,300

Furniture is included for reservation Contracts with initial reservation fee received before 15th December 2008.

Investment Potential

The development offers excellent potential; there is a construction boom on Island of Margarita which, is currently 40% cheaper than other Caribbean Islands. There is very good potential for 100% capital growth in 24 months with good rental yields.

The tourist resort has many visitors from Venezuela in the summer and from North America and Europe during the winter months.

A full rental management service will be provided.

This is a very good Caribbean off plan development opportunity - "The Pearl of the Caribbean" - Quality and style at an afforable price.

Property Management

Like the lifestyle, the ownership experience at El Yaque Oceano Resort Residences is uncomplicated and free of worry in every way. A full property management service is offered including daily housekeeping, maintenance, gardening, refuse disposal, general upkeep, concierge and security services.

Please contact us for further information and price and availability for this Caribbean off plan development opportunity.