caracola beach - 7% net guaranteed 10 year rental, margarita

Isla Margarita; Caracola Beach and Spa Resort - Apart hotel

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 Nor th 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.

Investing
Why invest in Isla Margarita?

• Ground floor investment
• Low property prices
• Property ownership is freehold
• Good accessibility, particularly from Europe, South America and the US
• Good Infrastructure – International airport & developed road systems
• Low cost of living
• Warm consistent climate, all year round
• Great facilities, activities and attractions
• Naturally beautiful, both mountains & beaches
• Tax efficient - Isla Margarita is a tax and duty free zone
• Visitor numbers reached 2.3 million in 2007 (up from 2m in 2006 and 1.5m in 2005)*
• Consistently strong economic growth:-
• Average GDP increase of 11.3% per year between 2004-07**

* Statistic supplied by Venezuelan Ministry of Tourism
** Statistic supplied by www.latinbusinesschronicle.com

Caracola Beach & Spa Resort

The Caracola Beach & Spa Resort Comprises of 1244 apartments & duplexes spread over 15 floors,
overlooking the stunning Caracola Beach, on the eastern fringes of the island’s main town, Porlamar.
With four different floor layouts to choose from, populated across three blocks, the apartments vary
in size from 58.5m2* to 125.8m2*, nearly all with their own sea facing terrace.

Construction will be to the highest standard in accordance with stringent building regulations and
comes with a 10 year building guarantee. Each apartment will have a fully fitted kitchen (including
white goods) as well as climate control air conditioning systems and all other furniture**. All
bathrooms will be fitted out with Roca or equivalent quality sanitary ware. The development will also have plenty of semi-covered parking.

The project is designed to be very eco-sensitive with the use of two layers of bricks with foam
insulation, combined with double glazed windows, which make for a thermally efficient environment.

Caracola’s high standards of construction will set the benchmark for others to meet and follow.

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 & leisure are common themes which ripple throughout Caracola. Whether
soaking up the sun’s 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.

*including terracing
** includes all content required by Geneva hospitality to enter the rental pool

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 proper ty. If you combine this with the ver y 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