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Please find enclosed all the information pertaining to the Senior Citizens Residence project.
Originally conceived as a small beachfront condominium, the project underwent a significant transformation due to the devaluation of the Bolivar, resulting in a decrease in property prices. Consequently, the project's concept had to be altered, and it was subsequently offered as a Boutique Hotel.
To ensure a stable income stream independent of the fluctuating tourist market, a second strategy was implemented. The project was reimagined as the only beachfront senior citizen residence on the sole white island of the Caribbean, equipped with all the necessary services. This unique selling proposition sets it apart from other offerings in the region.
There are two crucial aspects to consider regarding this project:
1. The project underwent evaluation by MINTUR and was initially granted a loan of $300,000. This loan features a non-payment period of three years, with a repayment period ranging from seven to ten years.
2. Another advantage of this project is that it is owned by a company. By purchasing the company, potential buyers can avoid potential scams associated with the property registry.
Margherita Island, Venezuela
Distance to the sea: Beachfront facing the sea
Hotel Focus: It is at the core of the hotel sector among Hotels; Ikin, Caribbean Island and Caribbean Village
Amusement: Adjacent to the Waterland theme park.
Distance to: Airport 45 km Porlamar 16 km
College of Engineers
Ministry of Environment:
Ministry of Tourism:
Allowed for a hotel located in a tourist holiday area, a privileged area of Margarita Island, which enjoys special prerogatives for tourism development.
Currently, the market for the supply of land on the beachfront is null or is minimized, no construction permits are granted due to lack of capacity in agencies providing these public services.
It has the technical feasibility granted by MINTUR for access to bank tourist credit at a preferential rate of 7 to 9% with three (03) years dead and up to fifteen (15) years to pay.
CONTRACTED AND IN-SERVICE SERVICES:
White and sewage waters: HIDROCARIBE
The wastewater goes through the sewage network of HIDROCARIBE to its treatment plant
Availability of three (03) water supply fillers (1km approx.).
Land area: 1316,96 m2
Total construction area: 1.270.00 m2
Land Ownership: OFreehold
Main building: 80% finished, its structure is finished in gray work with a system of white water pipes, black water, telephone and electricity.
Terrace for bar and restaurant lounge: Area of 300m2 with 360º panoramic view of the sea and mountains.
House type Rancho de Chana: 100% construction, building on two levels, living room and kitchen, 3 bedrooms with bathrooms main living room in mezzanine. All rooms and rooms have direct sea view.
Parking: Roofs 08 vehicles and capacity for hotel occupancy rate.
Safety: Concrete perimeter fence built 100%.
Water tank 100% construction, with a capacity of 70,000 litres with hydropneumatic
HOTEL OCCUPANCY DESTINATION AREA:
This area will determine the hotel’s operation as
21 rooms, distributed in: 19 single rooms of 35m2 approx. and 02 double suites with one bedroom, bathroom and separate room.
9 apartments with one bedroom and living room and kitchen with an area of 70 m2approx.
5 studio apartments with 40 m2.aprox
This bonus of the project will allow the investor, according to his projection, to be able to define the destination of this area, which will be reflected positively in the financial statements.
DEPENDENCIES (SERVICE AREAS)
Restaurant Bar Area:
It has an upper terrace to install a Bar and Restaurant lounge type with an area of 300 m2 with 360º panoramic view (beach – mountain).
Management areas: Spacious reception areas and administrative offices according to the class B remodelling plan
Amenities: Bar, Restaurant, Swimming pool, Green areas, Beach (beach games), Terrace for view.
Laundry and services: Deposits and employee area. To be built
COMPLETION OF WORK:
To run: Swimming pool, employee area and entrance reception and offices.
Inventory: In stock in the warehouse with all the sanitary parts required for the hotel, large sinks and embedded low tank pools (luxury and imported pieces).
Finishes: They can only be executed (floors, ceilings, windows, etc.) when the destination of the hotel occupancy area (Boutique Hotel or Aparta Hotel) is decided.
Estimated time: Six (06) or eight (08) months, depending on the availability of materials.
Budget: According to estimates, to fully complete the project and enter the operation phase, it would be $140,000 and $ 165,000
DISTRIBUTION IN EXISTING BUILDINGS:
Casa Ranchos de chana:
Distribution: house with 2 levels, three bedrooms and three bathrooms, kitchen, dining room in P.B., living room of social area in mezzanine. The separate master bedroom with panoramic sea and mountain views is on the 1st floor. All areas are with ocean view.
Apartment (Main Building)
Distribution: One bedroom with master bathroom, living room with open kitchen. Full-Service Bathroom
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