SIPPS- Aparthotels a great new pension investment option

May 13, 2008 - PRLog -- Aparthotels a great new pension investment option.

Until recently few people in the UK realised that they could manage their own pension portfolios themselves and even fewer realised they could invest their Self Invested Personal Pension (SIPP) in overseas property which is now proven to be among some of the most popular potential investments which can be held in a SIPP portfolio.

One great example of an aparthotel style development is currently being offered in the Caribbean, on the Isla Margarita; details can be found at http://www.sippfunds.co.uk
When looking for an aparthotel destination most clients choose a warm sunny climate as their chosen destination as these potentially offer good rental returns from potential holiday clientele. The chosen investment should offer not only a great location but also good facilities within the resort. The Caracola Beach and Spa Resort is located on the south eastern edge of the Isla Margarita, known as the ‘Pearl of the Caribbean’ an Island in the Caribbean that is part of Venezuela (approx 38 km north east of the Mainland). The climate is excellent with average temperatures ranging from lows of 25°C to highs of 31°C throughout the year. The area has relatively low levels of crime but like all tourist destinations, petty crime is possible, but as tourism is fundamental to the economic well being of the island it is not common against tourists/visitors.

The development will consist of 1244 apartments over 15 floors and is serviced by lifts to every floor. All apartments will comply with the latest disabled access/facility standards. The whole beach front development will be well serviced with a wide range of facilities to include four pools, nightclub, sports centre , childcare facilities as well as a whole host of restaurants and  additional activity areas on the beach for rentals of jet skis, kayaks etc.

What’s the downside about owning a Caracola Beach and Spa Resort as a SIPP investment? - You cannot reside at your investment property as long as the SIPP is titled as the owner of the property. The SIPP rules about directly benefiting personally from your investment are strict- you are not allowed to make use of any property owned by your SIPP, or you risk losing its tax-protected status and even worse risk having penalties from HM Customs and Excise. You can however, rent out your SIPP investment for a steady income which is another good reason for investing on the Caracola development as this offers a 7% pa guaranteed fully insurance backed rental for 10 years. Please see further information at http://www.sippfunds.co.uk

This high guaranteed rental return, which is fully insurance backed, along with the potential growth in property prices, offers a great new market not traditionally looked at previously by pension investors.

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SIPPfunds.co.uk specialises in bringing together a unique range of investment opportunities for clients wishing to obtain a range of ‘Fixed Term & Fixed Return’ investment products, whether as direct ‘stand alone’ non-pension fund investments or via the use of a UK SIPP (Self Invested Personal Pension).