Investment opportunity at El Magnifico
El Magnifico luxury condominiums and apartments are the perfect investment for those who frequently holiday in Cabarete and desire an investment that will provide them with yearly income.
Purchase of El Magnifico units includes the following advantages:
- Sole ownership title of unit
- Nine (9) weeks owner occupancy of unit
- Group ownership of common areas
- Real estate services as required
- A rental management structure that strives for maximum return on investment
- Daily maintenance & management of all units and property for nominal fees ($16 US/day for apartments & $24 US/day for condominiums when you are using your owner's weeks only).
The golden beaches and turquoise waters of Cabarete Bay provide the ideal setting for water sports enthusiasts who want to windsurf, kitesurf and surf, or for those visitors who just want to relax and enjoy a vacation with their family.
El Magnifico created its first building in 1988. Success of this venture provided investors for building 2 in 1994, building 3 in 1999, buildings 4 and 5 in the fall of 2002 and building 6 in 2007. Several units have been sold 2 or 3 times over since their original purchase and have always earned owners a profit.
A large part of revenues are generated by excellent working relationships with important Tour Operators who bring guests from all over the world to Cabarete.
Contribution of revenues is attained through website reservations that are made directly at El Magnifico.
Management of El Magnifico is performed by Gerard Hebert who has lived permanently in Cabarete since 1984. As General Manager of El Magnifico, he is provided with a 15% management fee. His management of the property includes the following functions:
- Coordination and administration of building/unit purchases including accounting and revenue distribution to owners.
- Maintenance of very good working relationship with Tour Operators and other clients that provide the majority of net revenue.
- Management and maintenance of property and units in excellent condition.
- Provision of real estate services on behalf of owners and arrangement of legal services as required.
- Maintenance of El Magnifico web site for attainment of additional revenues.
If you are interested in investing in our property, send us your request according to your choice and you will be given the relevant information.