Vista Del Mar - 2 Bed apartments on the Island of Margarita

International Dreams · #1 10-09-2008, 09:43 AM

Vista del Mar Apartments (meaning sight of the sea) is a small, select development of 12 beautifully designed two bedroom apartments on the stunning Caribbean Island of Margarita.

Location – Isla Margarita

Known as 'The pearl of the Caribbean', Margarita is situated 38 km off the coast of Venezuela, and is the most southerly of the Caribbean islands thus bringing it outside the hurricane belt.

Climate: Year round temperatures range from 25 to 32 degrees, with the warmest time being from May till September. Unlike other Caribbean islands there is no rainy season as such, and when it does rain it tends to come in short bursts, with clear skies following swiftly afterwards. This means your holiday home/investment is a year round option for your own personal use/possible rental.

Accessibility: From October 2007 all year round, direct weekly flights from London and Manchester (First Choice). There are also direct flights from Frankfurt, Amsterdam, Madrid, Helsinki, Prague and Miami. Indirect flights eg via Caracas arrive from a multitude of European and world wide cities.

Affordability of Property: Margarita is still developing as a tourist/holiday home destination, and therefore it is currently around 50% less expensive than its sister islands in the Caribbean even though the general infrastructure and services are better.

Cost of Living: The Island is duty free, with no wealth or local taxes for foreign investors. This translates as a very low cost of living for a very high standard of lifestyle.

Town – Playa El Agua

The project is situated in Playa El Agua which is the home to Margarita’s longest, widest, busiest and most well serviced beach and stretches for 4 Km. Palm trees line the golden sand and beneath them lay the excellent selection of restaurants and cafes.

The Project

Vista del Mar Apartments is situated in the exclusive enclave of La Mira. The project is built to the highest standard of quality.

The apartments are a 5 minute drive to the nearest shops/beach and 45 minutes away from the international airport of Santiago Marino in Porlamar (also known as Porlamar Airport).

Construction of the Vista del Mar apartments will commence in August with an estimated build schedule of 12 months.

The project contains one block consisting of 12 x 2 bedroom apartments spread over three floors and a swimming pool.

Apartments situated on the second and third floor will have the benefit of a far reaching sea view and apartments on the third floor will have the use of a roof terrace.

Each apartment is 100 sqm in size including two balconies and comes complete with a fitted kitchen including hob, extractor and fridge, tiled floor, fitted bathroom and ensuite to the master bedroom, double glazed windows and air conditioning to the lounge and bedrooms. Each apartment has the benefit of one car parking space.

Geography

Margarita Island is approximately 1,000 square Kms in size with over 250 Kms of beaches. The island is actually two islands connected by a narrow strip of land.

The east side is more populated and green, while the west side called the Peninsual de Macanao has a desert like environment.

The capital of Margarita is La Asuncion and was founded in 1565 and has a current population of around 12,000 inhabitants. It is surrounded by green hills in a fertile valley in the centre of eastern Margarita, where it benefits from a fresher climate.

The islands of Coche and Cubagua lie to the south of Margarita and all three islands together make up the State of Nueva Esparta.

Porlamar is the commercial hub of the island and is also the largest city. Old Porlamar was founded in 1536 and although once a sleepy fishing town, today it is the home of 160,000 residents and has transformed into a dynamic metropolis lined with high rise resorts, duty free shops, night life, outdoor cafes and a multitude of restaurants catering to every taste. The modern Sambil Shopping Centre is situated here, which houses top brands from across the globe, a cinema and a wealth of dining options including The Hard Rock Café.

Two of the best beaches on the island are Pampatar and El Agua.

El Agua is Margarita’s longest, widest, busiest and most well serviced beach and stretches for 4 Km. Palm trees line the golden sand and beneath them lay the excellent selection of restaurants and cafes.

Pampatar although a lot smaller than El Agua at 1.5 Km long makes up for its size in its abundance of character. Tiny restaurants line the palm fringed beach where you can sit as the sun goes down watching sleepy pelicans resting perched on colourful wooden boats and local fishermen coming ashore after a long day at sea.

Payment plans are 1000 euros to reserve, 40% on signing of contracts & 60% on completion, developer loan are available for completion on 5 or 10 year deals @ 8%