Hoyo 17

Porlamar ~ Margarita Island ~ Caribbean

8% Guaranteed Rental income

2 Bedroom apartments from only €110,303 - €111,384

THE RESIDENCE

An exclusive development of 24 apartment’s frontline to Margarita Golf Course. Hoyo 17 is a small complex of 24 two bedroom apartments situated just outside the main city of Porlamar only 200 meters from a private sandy beach. The complex offers a prime location facing frontline onto Margarita’s Golf Course with stunning views onto the fairways. The development offers direct access onto the golf course and to local beach

Hoyo 17 offers 2 bedroom 2 bathroom apartments with private parking for only €110,000 with a rental guarantee of 8%. The properties are situated in an exclusive residential area next to Porlamar which will attract short term and long term tenants. The apartments will be managed and rented out for owners throughout the year. Owners can avail of an 8% guaranteed rent on the purchase price per year with 6 weeks personal use off season. Another option for purchasers is to sign up a more flexible rental contract with the management company and pay a 15% commission on yearly rental income during the weeks they want to rent their property.

All apartments come with air conditioning and balconies and benefit from views of the golf course. Furniture packages are available from the developers upon completion for an extra €7,000. The complex will be complete by October 2008.

Views of the golf course.

Air conditioning

Balconies

Private parking

Irish developers with history

6 weeks personal use

200 meters to the beach

Complete by October 2008.

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