Property Removed | Boca Chica | 2 Bedrooms
- 10% rental income for 1st year guaranteed!!
- Two Bedroom Townhouses starting at only ?58,950!!
- Close to Golf Courses and Beach!!
- Lowest Prices in the Caribbean
- On site rental management service
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DETAILS
Mar del Rey Apartments
Boca Chica, Dominican Republic
This exciting new build project comprises 208 1 and 2 bedroom apartments, 12 town houses and 20 duplex apartments located in Boca Chica on the south coast of the Dominican Republic. All the properties are available to purchase off-plan.
Mar del Rey offers you the opportunity to purchase the home of your dreams very close to spectacular beaches, exclusive yacht club and marina and two 18 hole golf courses.
Prices from £36,750
10% Guaranteed rental income 1st year
Typically, over two years, off plan developments in this area have increased in value by between 30% and 50%, from breaking ground to resale 1 year after completion - in some cases, this figure has been even higher.
Based on a purchase price of £36,750 a conservative price increase of 40% will yield a profit of approximately £14,400.
In addition, there is also a 10% rental income guarantee, increasing returns by £3,675
Total investment return of £18,000 or 49% in less than 24 months!
Mar del Rey is an exclusive residential complex located 10 minutes from Las Americas International Airport and only a few minutes from the beautiful crystalline water and white sand beaches. The complex has been designed with international purchasers in mind together with an excellent entry price. From the complex it is 10 minutes to the best golf courses of Santo Domingo and 5 minutes to the shopping malls, casino, restaurants and the marina and yacht club
Excellent tourist infrastructure, hospitals, banks, stores, clubs and much more add to the pleasant and relaxing atmosphere in this gem of the Caribbean already boasting strong investment from Europeans and North Americans.
There are two world class, 18 hole golf courses within 15 minutes of the complex.
Guavaberry Country Club
A 7,156 yard, Par 72, Gary Player signature course
Los Marlins Golf Club
A 7,191, Par 72 course designed by Charles Ankrom
Boca Chica is only 20 minutes from Santo Domingo, the Dominican capital giving investors a dual rental market, European and American holidaymakers as well as locals escaping the city for long weekends.
The proximity to Santo Domingo also ensures strong capital growth, encouraged by constant local demand for resort properties in addition to the inflow of expatriate investors.
The price of flights to the Dominican Republic has dropped considerably in recent years, leading to a dramatic increase in the number of holidaymakers from Europe. As with many resorts, a lot of these tourists now prefer to look for good quality exclusive rental apartments rather than the traditional all inclusive hotels.
52m2
Bedroom
Bathroom
Kitchen
Dining area
Balcony / Terrace
Lounge Area
Apartments on the fourth level will also
have ownership and access to their
own 45m rooftop terrace with the option
of installing a Jacuzzi or BBQ.
80 m2
2 bedrooms
2 bathrooms
Principal bedroom is
en suite
Kitchen
Dining area
Balcony / Terrace
Lounge Area
Service / storage area
Apartments on the fourth
floor will also have ownership
and access to their own 65m
rooftop terrace with the option
of installing a Jacuzzi or BBQ.
Investor advantages:
· Low entry price and great rental income – guaranteed 10% first year.
· Reception and administration to organise housekeeping and key holding
· Lowest prices in the Caribbean
· Excellent resale potential due to the location
· Strong demand for holiday apartments in this area, which are in short supply
· Continual demand for rentals and resale’s from both international buyers and the local population – only 20 minutes to the capital, Santo Domingo
Boca Chica is an expanding tourist destination. The number of foreign holidaymakers has grown from 140,000 in 2003 to over 350,000 in 2007. The demand for quality holiday accommodation has soared and continues to increase.
Developers have simply been unable to keep up with demand for bed spaces.
46% of visitors are from Europe and 45% from North America.
Another 200,000 people visit the resort from the nearby capital of Santo Domingo fuelling demand for accommodation.
Design and layout:
The apartments are constructed in 10 four storey buildings. Additionally, there will be 12 two storey townhouses and 20 duplex apartments, as well as a shopping centre with bars, cafes and shops.
Prices
Type
1 bedroom
2 bedroom
Total Area M2
54
80
Bedrooms
1
2
Bathrooms
1
2
Lounge
√
√
Dining Area
√
√
Kitchen
√
√
Car parking
√
√
Balcony
√
√
Green Areas and Pool
√
√
Price 1st floor
£ 36,750.00
£ 48,750.00
Price 2nd floor
£ 36,750.00
£ 48,750.00
Price 3rd floor
£ 38,750.00
£ 53,750.00
Price 4th floor
£ 44,750.00
£ 59,750.00
Guaranteed rental income
10% in 1st year
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
