Bernie Ecclestone invests US$ 800 million in F1 circuit which will enhance the island's image on the international stage and property prices are expected to soar.

Margarita Island is known as the "white pearl" of the Caribbean, close to Barbados but considered to be more beautiful. It is a duty free utopia where for foreign property investors there are NO wealth or local taxes and only a 0.5 - 1% property sales tax applies. With the purchase of these suites you will receive a guaranteed 8% rental income for 10 years. The guarantee is written in the contract and guaranteed by a leading bank, as are ALL deposit payments, which will be used for the construction. 30 days off peak will be allowed for owner occupancy.

In 2008 work will start on the construction of a F1 circuit and property prices are expected to sour. At the moment prices are 50% more affordable than the rest of the Caribbean and the services and infrastructure in Margarita are far superior. The properties are FRONTLINE, with 85% of the island still virgin and undeveloped.
Margarita is located outside the hurricane belt and is blessed with summer weather throughout the year with refreshing sea breezes and temperatures between 24 - 32C all year; tourism is expected to increase greatly.
Spanish is the spoken language; the locals are very friendly and many on the island speak basic English. They are proud, young and happy people and very willing to show the tourist the beauty and culture of their island.
Living costs are exceptionally low, however, living standards are very high.

The properties available are FRONTLINE and only 150 metres from the Caribbean Sea and the most popular beach on Margarita Island which has over 3kms of fine sand.
There is an abundance of palm trees, restaurants, bars and kiosks plus a local market where you can buy all sorts and even fresh oysters - a dozen for a dollar!

On this development there will be 52 suites in total, some with one double bed, others with two, along with a bathroom, kitchen and terrace. The structure will be 4 floors high ( ground floor for amenities) and there will be an elevator. Services include: 24 hour surveillance, reception, lobby bar and green areas, community swimming pool, Jacuzzi and solarium.
Inside the suites are FULLY furnished and everything is included in the price, so there will be no extra expenses :
Furniture, split air con, electrical kitchen white goods, cutlery, crockery and bedding.

PRICES:
Suite sleeps 2 £36,175
Suite sleeps 4 £40,460

Payment terms:
Deposit £2,150 (3000Euros).
40% ONE month after when contract is signed.
20% SIX months after contract.
20% TWELVE months after contract.
20% on handover of property.


There is limited availability at this promotional price so do not miss out on this exceptional opportunity for capital growth (in addition to GUARANTEED rental income).
Once the front line are sold, second line properties will then be offered at higher prices!

Other properties are available at different locations on the Island, for example:
Apartments: (total 32)* £55,485
Detached villas : 1 Bedroom** £54,500 - 2 bedroom £81,240
Double suites:(total 44)* £84,692