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Beachfront Hotel in Cumbuco

Commercial Property, Hotel in Cumbuco (25km from Fortaleza), Fortaleza, Ceara

£1,200,000 / $1,853,933 / €1,466,667 / R$3,300,000


Ref: PBCE739
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Hi

Beachfront Hotel in Cumbuco

£1,200,000.00 / $1,853,932.58 / €1,466,666.67 / 3,300,000.00 BRL

Cumbuco (25km from Fortaleza), Fortaleza, Ceara,

This running hotel is located at the beautiful beach of Cumbuco and has 13 bungalows with a total of 18 rooms. The land is huge (5'000 sqm) and has 84 meter beachfront, and there is also a kite-surfing school and a restaurant for over 200 guests. The bungalows need some renovation, but the Brazilian owner does not want to put the money into the property and prefers to sell for a lower price. Consequently, for a relatively small additional investment of approx R$ 300’000 (£ 95’000) the value of the property could be significantly increased.
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* All properties are sold in Brazilian Reais (symbols R$ or BRL). Currency rates will depend upon your banks conversion rate at the time of transferring the monies. The current conversion rates used on this site are €1 = R$2.25, £1 = R$2.75, $1 = R$1.78. To check the latest rate 'spot rate' click here. Prices do not include the usual purchase costs associated with a property purchase ie. Government purchase tax, legal, admin and furniture.