Ritz Carlton Apartment – B

One-Bedroom Duplex Vacation Residence – Marina View 914

Located on the 9^th-10^th floor.  A two level residence with a South-West view to the spectacular marina and along the Tel-Aviv shore line.  

Featuring on the lower level a living room/dining room area with double height ceiling, guest toilet and a grand 31 m² balcony.  On the second level a bedroom and bathroom.

Size: 64 m² net, 31 m² balcony

Price: NIS. 6,897,000 includes furniture package, private storage room and a parking spot in the -2 level

*Monthly maintenance charge approx. NIS.6,500

**Annual Municipal tax “Arnona” approx. NIS. 7,400

Residence Price includes:

• Furniture package
• Private parking spot in the -2 level,
• Private storage room in the -2 level,
• legal expenses
• 17% VAT

* Maintenance Charge per month covers:

Water, electricity, Air-Con, WI-Fi, cable T.V., private phone line, insurance.

Usage of all the amenities: Ritz-Carlton Spa, fitness center, roof-top pool.

Public area taxes, public area upkeep

As per Israeli Tourism Ministry regulation, owners of vacation residences enjoy their apartment for up to 6 months in every calendar year at the periods of their choice and need to offer the residence for rent (when it is not in use by the owner) for at least six months a year. The Ritz-Carlton Hotel offers owners full management and rental services package while their apartment is vacant. The rental periods generate monthly income for the owners.    

Income – When in the Ritz-Carlton rental and management program, owners receive 40% of every night the apartment is rented plus an additional 5% which is kept in escrow for any wear and tear issue.